{"id":333,"date":"2018-06-01T13:32:53","date_gmt":"2018-06-01T08:02:53","guid":{"rendered":"https:\/\/blockchainappfactory.com\/blog\/?p=333"},"modified":"2022-09-13T14:49:56","modified_gmt":"2022-09-13T09:19:56","slug":"supply-chain-management-mcdonalds","status":"publish","type":"post","link":"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/","title":{"rendered":"Supply Chain Management has been taken to New Heights"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Supply Chain Management is the art of managing the flow of goods and services that involve the storage of raw materials, inventory of finished products, and the point of consumption is the primary function of an SCM. In short, it is the management that links the production, shipment, and distribution of a product. It covers everything from manufacturing to product delivery with all the underlying information pertaining to the product. It is a connected network of individuals, organizations, resources, and a score of technologies involved in the process. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To understand the importance of SCM, let us take<strong> McDonald&#8217;s, one of the largest fast food company worldwide based out of United States<\/strong> have a number of raw materials to be ordered in to cook and serve their customers. The traditional supply chain method was obscured by human errors and loss of products. This is where an efficient SCM comes into play. <\/span><\/p>\n<h3><b>A collaborative approach<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">LF (Li &amp; Fung) logistics is one of the biggest supply chain company spanning all over Asia partnering with almost 400 renowned companies. They have also partnered with McDonald&#8217;s for providing the supply chain process and has faced various issues concerning the delivery of the products and invoices. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the traditional method of SCM, McDonald&#8217;s has fallen short of receiving the placed order that went below the reordering point. In a critical situation where it results in the safety stock becoming depleted. This has dire consequences in the form of receding customers. These issues need had to be resolved immediately.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is where automated supply chain management of Blockchain App Factory came into play. \u00a0<strong>LF Logistics and McDonald\u2019s (Thailand)<\/strong> under joint effort came to us in need of a solution to overcome all the roadblocks mentioned above. The team at Blockchain App Factory suggested an automated Supply Chain Management system that can be customized for their requirements. We had brainstorming sessions and after discussions on their requirements created a supply chain management that was tailored to their needs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Senior VP of Operation at LF Logistics Thailand said, \u201cWith best-in-class technology practices, we have overcome the shortfalls of using the traditional SCM by connecting the various levels of suppliers and vendors onto a single platform to eliminate the errors in SCM. Now the SCM is running without any glitches for <strong>McDonalds and LF logistics to work seamlessly on a single platform.<\/strong>\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Li &amp; Fung is a global supply chain manager, founded in 1906 in Canton and now headquartered in Hong Kong. As of 2017, Li &amp; Fung employs 22,000 people worldwide for product design and development, raw materials and vendor compliance and distribution. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Applying the latest <a href=\"https:\/\/www.blockchainappfactory.com\">Blockchain App Factory<\/a>\u2019s innovations in traditional supply chain management has set LF up back in the game, just when their competitor Maersk has taken Blockchain initiative with IBM. <\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supply Chain Management is the art of managing the flow of goods and services that involve the storage of raw materials, inventory of finished products, and the point of consumption is the primary function of an SCM. In short, it is the management that links the production, shipment, and distribution of a product. It covers&hellip;&nbsp;<a href=\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Supply Chain Management has been taken to New Heights<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":341,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[9],"tags":[60],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Supply Chain Management has been taken to New Heights - Blockchain App Factory<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Supply Chain Management has been taken to New Heights - Blockchain App Factory\" \/>\n<meta property=\"og:description\" content=\"Supply Chain Management is the art of managing the flow of goods and services that involve the storage of raw materials, inventory of finished products, and the point of consumption is the primary function of an SCM. In short, it is the management that links the production, shipment, and distribution of a product. It covers&hellip;&nbsp;Read More &raquo;Supply Chain Management has been taken to New Heights\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\" \/>\n<meta property=\"og:site_name\" content=\"Blockchain App Factory\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BlockchainAppFactory\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-01T08:02:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-13T09:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.blockchainappfactory.com\/blog\/wp-content\/uploads\/2018\/06\/Supplychain-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Oliver\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Blockchain_BAF\" \/>\n<meta name=\"twitter:site\" content=\"@Blockchain_BAF\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oliver\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\"},\"author\":{\"name\":\"Oliver\",\"@id\":\"https:\/\/www.blockchainappfactory.com\/blog\/#\/schema\/person\/5443d960bd75efd5356ea8e8b5e36f04\"},\"headline\":\"Supply Chain Management has been taken to New Heights\",\"datePublished\":\"2018-06-01T08:02:53+00:00\",\"dateModified\":\"2022-09-13T09:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\"},\"wordCount\":477,\"publisher\":{\"@id\":\"https:\/\/www.blockchainappfactory.com\/blog\/#organization\"},\"keywords\":[\"Supply Chain Management\"],\"articleSection\":[\"Blockchain Technology\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\",\"url\":\"https:\/\/www.blockchainappfactory.com\/blog\/supply-chain-management-mcdonalds\/\",\"name\":\"Supply Chain Management has been taken to New Heights - 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