Project Publications
LOCARD related articles have been published in high-rated journals and presented in top conferences. The following list depicts all articles published and presented from the beginning of the project.

Enhanced Vendor-managed Inventory through Blockchain

Abstract:

Vendor-managed inventory (VMI) is a commonly used collaborative inventory management policy in which manufacturers/vendors manage the inventory of retailers and take responsibility for making decisions related to the timing and extent of inventory replenishment. Several prerequisites exist for successfully implementing a VMI strategy like information sharing, trust, systems integration and long-term collaboration. However, in nowadays supply chain networks are becoming more complex, highly disjointed and geographically spread. As a consequence, the implementation of a VMI strategy may be a difficult task. In this paper, we propose a new interaction mechanism between retailers and vendors, which aims to improve their supply chain strategy and inventory policies based on a trustless and distributed mechanism. In particular, we use an autonomous trustless framework based on smart contracts and blockchain technology for governing the relationship between multiple vendors and multiple retailers. Finally, a use-case VMI scenario is presented along with several functional smart contracts. Tests performed using a local private blockchain illustrate the applicability of the proposed architecture along with the significant benefits for each participant.


Authors: Fran CasinoThomas K. DasaklisConstantinos Patsakis.

Date of Publication: September 2019.

Conference: 4th South-East Europe Design Automation, Computer Engineering, Computer Networks and Social Media Conference (SEEDA-CECNSM).

Publisher: Institute of Electrical and Electronics Engineers (IEEE).

Attachments:
Download this file (vendor.pdf)vendor.pdf[ ]443 kB
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EU flag Copyright © 2020 LOCARD. All rights reserved. This project has received funding from the European Union’s Horizon 2020 Research and Innovation Programme under Grant Agreement nº 832735. This project reflects only the author’s view and the Commission is not responsible for any use that may be made of the information it contains.