Inventory Management Using Blockchain and Big Data

What is it about?

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.

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Why is it important?

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 operations.

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