Blockchain and Supply Chain Management: Aircrafts' Parts' Business Case

Madhwal, Yash and Panfilov, Peter (2017) Blockchain and Supply Chain Management: Aircrafts' Parts' Business Case. In: Proceedings of the 28th International DAAAM Symposium ''Intelligent Manufacturing & Automation'', Vienna, Austria.

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Abstract

To serve target customers better than their competitors, supply chain management (SCM) teams todaylook into new technologies such as Big Data, Internet of Things (IoT) and Blockchain. These new technologies allow managers to develop and provide complex supply chain services and products faster with improved reliabilities. With these technologies, SCM teams can build complex models of a supply chain or systems of supply chains using a data-driven approach. With the growth of aviation domain across the world, there has been increasing demand in aircraft for airlines and other customers. In this domain, SCM teams deal with complex networked supply chains for aircraft’s spare partpurchase and delivery for aircraft’smaintenance and repair. Aircraft’sspare parts are shipped to single assembly hubs, located globally. All parts come with certain life expectancy, specific requirements and maintenanceattributes. With thousands of spare parts, hundreds of parameters, and number of manufactures distributed globally, SCM team need to deal with very large amount of data. In this paper, we usean industrial scenario of aviation industrySCMto demonstrate the necessityof having decentralized system based on distributed data-driven application technologies such as Blockchain, not only to assistinmaintaininginventory of the aircraft’s parts but also to monitor theperformance, usage, etc. This will help to achieve a transparent network of supply chain for aircraft’s partsand reduce the risk of availability of aircraft’s partsin black market. These new data-driven technologies when embedded into SCM scenarioswillhelp the SCM managersto analyse the supply, demands, source of availability of spareparts and provide methodsto procure them from the right sources.

Item Type: Conference or Workshop Item (Paper)
Subjects: Main Topics > Blockchain
Projects > BloSSom 2019
Main Topics > Economy
Main Topics > Internet of Things
Divisions: Computer Science
Depositing User: Unnamed user with email richard.dabels@uni-rostock.de
Date Deposited: 05 Sep 2019 16:33
Last Modified: 05 Sep 2019 16:33
URI: http://blossom.informatik.uni-rostock.de/id/eprint/80

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