Business Finance Homework Help

I’m working on a supply chain discussion question and need support to help me learn.

Chapter 17 discusses best practices for purchasing services.

Key topics include:

>The impact of indirect spending on company performance

>The fundamentals of transportation management

>The growing role of third-party logistics providers (3PLs)

Chapter 18 is titled “Supply Chain Information Systems and Electronic Sourcing.”  Topics in this chapter include:

>The evolution of electronic supply chains.

>The fundamentals of ERP systems.

>Big data and cloud computing.

>e-sourcing suites.

>The importance of collaboration and information visibility

YouTube Video: Blockchain technology is a prevalent topic in the world of supply chain information systems.  Blockchain technology is described in the following video from YouTube:  https://www.bing.com/videos/search?q=blockchain+explained&view=detail&mid=FBCB0025CD3E568B1BE2FBCB0025CD3E568B1BE2&FORM=VIRE (Links to an external site.)
(Please watch the video to learn about Blockchain)

Wall Street Journal, “Blockchain and Business Process Transformation,” Link: https://blogs.wsj.com/cio/2018/04/06/blockchain-and-business-process-transformation/ (Links to an external site.)

Wall Street Journal, “Supermarkets Alter Layouts, Use Decoys to Fill Gaps Left by Shortages,” Link: https://www.wsj.com/articles/supermarkets-alter-layouts-use-decoys-to-fill-gaps-left-by-shortages-11636894800 (Links to an external site.)

Please review the assigned materials before answering the questions below:

Questions:  ————————————————————–

The Wall Street article titled “Blockchain and Business Process Transformation” discusses three frictions that exist when organizations conduct business, including information, interaction, and innovation frictions. Please discuss how Kroger Company (See the article titled “Supermarkets Alter Layouts, Use Decoys to Fill Gaps Left by Shortages”) could use Blockchain technology to improve supplier relationship management (SRM) to address each type of friction.

How has the COVID-19 pandemic influenced the need to adopt Supply Chain Information Systems and Electronic Sourcing for supermarkets in 2022?

Discuss the importance of defining expectations and standardized contracts when sourcing professional services. (See the discussion of Smart Contracts at the end of the YouTube video about Blockchain).

Please post an insightful question about information systems and electronic sourcing.