Inventory Management Using Blockchain and Big Data

Inventory management is a cutting-edge system for tracking and managing the different parts and components of a larger inventory structure. It includes a variety of features that can help make the process more efficient, including inventory tracking, automated ordering, tracking of customer orders,...

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Bibliographic Details
Published in2023 4th International Conference on Smart Electronics and Communication (ICOSEC) pp. 1759 - 1763
Main Authors Bhushan, Shubham, Sharma, Manoj Kumar, Gehlot, Anita, Pandey, Shweta, Yamsani, Nagendar, Balyan, Rajat
Format Conference Proceeding
LanguageEnglish
Published IEEE 20.09.2023
Subjects
Big Data
Bigdata
Blockchain technology
Blockchains
Costs
Customer satisfaction
Inventory management
Optimization
Organizations
Surveys
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Summary:Inventory management is a cutting-edge system for tracking and managing the different parts and components of a larger inventory structure. It includes a variety of features that can help make the process more efficient, including inventory tracking, automated ordering, tracking of customer orders, and more. Present work explores the potential benefits of leveraging these technologies for inventory management. It examines how blockchain and big data can be used to increase transparency, accuracy, and security of inventory management operations. Furthermore, these surveys the current applications of blockchain and big data in inventory management and how these technologies can be used to reduce costs, increase profit, enhance efficiency and improve customer satisfaction. Finally, let's go over potential issues with and solutions for big data and blockchain integration in inventory management. The results given here support the use of blockchain and big data technology as a valuable tool for inventory management.
DOI:10.1109/ICOSEC58147.2023.10276234