The current supply chain industry is a $ 64 trillion market that employs millions of people around the world. Planport is building a protocol for the supply chain industry and our initial product focuses on procurement and its components. Procurement is one of the core sectors of the supply chain industry. This involves purchasing goods and services that allow organizations to perform their day-to-day operations. A person involved in procurement may be responsible for purchasing raw materials from suppliers globally and bringing them into an organization by working with external C, finance and engineering executives and external suppliers. While procurement is an important aspect of operations, the process has critical issues that are costly for all businesses from small companies to large companies. Constraints include inheritance systems with inexpensive, risky and time consuming inexpensive, expensive networks, cash flow problems that take weeks or months, contractual nightmares, poor supplier management and closed and centered access to goods and services. A company spends 30 to 70% of its revenue on goods and services being outsourced, but many are still under-investment. The Planport platform supported by PORT token aims to solve this problem by bringing together end-to-end procurement processes and empowering companies and suppliers using a decentralized business-to-business network in the supply chain industry. Buyers and sellers can use the platform for procurement, auction, payment, and contract management. At the end of supplier and buyer interactions, our invoice market allows suppliers to drive invoices to global investor networks where they can access multiple funders. The market is built on Blockchain's distributed technology that enables participants to have a safe and efficient way to complete trade finance assets in the $ 3 trillion factoring industry. Planport, as part of the Planport Platform, has built and is building the following products: Planport RFX - a procurement product for buyers and sellers. Planport Supplier Manager - a product for the company to communicate with and assess suppliers. Planport Auctions - a product to conduct a reverse auction with many suppliers. Planport Payment System - a payment system empowered by Token PORT for business-to-business payments. Contract Planport - a full contract management product for the creation, storage, and discovery of contracts. Planport Experts Networks - a network of supply chain expert requests for companies. Planport Invoice Marketplace - a trade finance network for suppliers. Planport will revolutionize the supply chain industry by building platforms that streamline processes and build on trust, mutual benefit and user-centered as part of Web 3.0 using Blockchain technology.
Supply Chain Challenge]
Due to the limited tools available, the supply chain industry is largely dependent on manual processes
The source for any business with current system sourcing status is not just a logistical nightmare. The whole process is also equipped with technological challenges that can quickly drive business owners completely crazy. To search for any product and move it from its original point to the place where the business intends to use it, the procurement department must go through a gruesome process with many disjointed legacy systems. And this explains why most procurement heads use spreadsheets, emails, and other boring manual processes.
Dear reader, this is just a summary of the goals, benefits, and opportunities that can be found from this incredible innovative project. I'm sure you'll want to know more, please visit one of the following links:
WHITEPAPER: https://www.planport.io/Whitepaper.pdf
WEBSITE: https://www.planport.io/
TELEGRAM: https: / / t.me/planportofficial
TWITTER: https://twitter.com/planport
REDDIT: https://www.reddit.com/r/Planport/
MEDIUM: https://medium.com/planport
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AUTHOR: Persijadays
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ETH: 0xFe7e4a646ed5d69c1355A24bF8d3f5DAb567Da9d