Business Finance Homework Help

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.