scholarly journals Benefit and Challenge of Blockchain Technology in Pharmaceutical Supply Chain Management

2019 ◽  
Vol 8 (4) ◽  
pp. 8309-8313
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Pharmaceutical Industry ◽  
Innovative Technology ◽  
Financial Industry ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Counterfeit Drug ◽  
Blockchain Technology ◽  
The Impact

Pharmaceutical Industry Supply Chain Management (SCM) has been an invigorating research topic because the industry strives to explore innovative ways to secure the medicine distribution and to ensure the authenticity of medicine consumed by the patients. A surge in the counterfeit drug has called an urgent effort for the industry to eradicate. In this scope, the fake medicine harm serious health problem for patients. To cope with this urgency, Blockchain offers the new innovative technology that captures the security and accountability in the financial industry for decades. In this spectrum, the new generation of blockchain with smart contract feature enables the utilization of blockchain in an enterprise setting such as Supply Chain Management Systems. In this point, this study explored contemporary for benefit and challenge blockchain adoption based on Systematic Literature Review methodology. At a closer look, the research indicates the impact of the Blockchain Adoption Technology in Pharmaceutical Industry SCM in for four aspects, i.e. supplier, producer, logistic/distributor, and customer. In a specific range, this research explores significant factors from ten leading journals (one thousand two hundred and fourteen papers) and selects solely eighteen relevant documents. The examination reveals the critical research development of blockchain technology adoption in Pharmaceutical SCM and twenty-three essential factors.

scholarly journals Leveraging Blockchain Technology to Enhance Supply Chain Management in Healthcare:

2018 ◽  
Author(s):  
Kevin A. Clauson ◽  
Elizabeth A. Breeden ◽  
Cameron Davidson ◽  
Timothy K. Mackey
Keyword(s):  
Public Health ◽  
Supply Chain ◽  
Supply Chain Management ◽  
Technology Use ◽  
Grey Literature ◽  
Data Provenance ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Blockchain Technology ◽  
Safety And Health

Background: Effective supply chain management is a challenge in every sector, but in healthcare there is added complexity and risk as a compromised supply chain in healthcare can directly impact patient safety and health outcomes. One potential solution for improving security, integrity, data provenance, and functionality of the health supply chain is blockchain technology. Objectives: Provide an overview of the opportunities and challenges associated with blockchain adoption and deployment for the health supply chain, with a focus on the pharmaceutical supply, medical device and supplies, Internet of Healthy Things (IoHT), and public health sectors. Methods: A narrative review was conducted of the academic literature, grey literature, and industry publications, in addition to identifying and characterizing select stakeholders engaged in exploring blockchain solutions for the health supply chain. Results: Critical challenges in protecting the integrity of the health supply chain appear well suited for adoption of blockchain technology. Use cases are emerging, including using blockchain to combat counterfeit medicines, securing medical devices, optimizing functionality of IoHT, and improving the public health supply chain. Despite these clear opportunities, most blockchain initiatives remain in proof-of-concept or pilot phase. Conclusion: Blockchain technology has the unrealized promise to help improve the health supply chain, but further study, evaluation and alignment with policy mechanisms is needed. Keywords: Blockchain, Distributed Ledger, Pharmacy, Pharmaceutical, Supply chain  

scholarly journals Blockchains for Supply Chain Management: Architectural Elements and Challenges Towards a Global Scale Deployment

Logistics ◽  
2019 ◽  
Vol 3 (1) ◽  
pp. 5 ◽  
Author(s):  
Antonios Litke ◽  
Dimosthenis Anagnostopoulos ◽  
Theodora Varvarigou
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Global Scale ◽  
Chain Management ◽  
Architectural Elements ◽  
Blockchain Technology ◽  
High Level ◽  
The Impact ◽  
Digital Assets

Blockchains are attracting the attention of stakeholders in many industrial domains, including the logistics and supply chain industries. Blockchain technology can effectively contribute in recording every single asset throughout its flow on the supply chain, contribute in tracking orders, receipts, and payments, while track digital assets such as warranties and licenses in a unified and transparent way. The paper provides, through its methodology, a detailed analysis of the blockchain fit in the supply chain industry. It defines the specific elements of blockchain that affect supply chain such as scalability, performance, consensus mechanism, privacy considerations, location proof and cost, and details on the impact that blockchains will have in disrupting the supply chain industry. Discussing the tradeoff between consensus cost, throughput and validation time it proceeds with a suggested high-level architectural approach, and concludes as a result with a discussion on changes needed and challenges faced for an in-vivo deployment of blockchains in the supply chain industry. While the technological features of modern blockchains can effectively facilitate supply chain uses cases, the various challenges that still remain, bring in front of us a wide set of needed changes and further research efforts for achieving a global, production level blockchain for the supply chain industry.

Demystifying the Power of Blockchain Technology in Supply Chain Management

2020 ◽  
Vol 11 (4) ◽  
pp. 38-53
Author(s):  
Robin Singh Bhadoria ◽  
Neha Sharma ◽  
Manish Kumar Pandey
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Management Systems ◽  
Supply Chain Network ◽  
Critical System ◽  
Chain Management ◽  
Blockchain Technology ◽  
Management Objectives ◽  
Future Supply ◽  
The Impact

Modern supply chain management systems have evolved into a complex and critical system. Thus, it has grown more interesting to verify the source of products and its visibility as it is moving through the supply chain network. The application of blockchain technology and Internet of Things (IoT) are likely to affect the supply chain management objectives such as cost, quality, speed, dependability, risk reduction, sustainability, and flexibility. This paper presented the concept of how blockchain technology and IoT can help to achieve supply chain objectives. This research focuses on the impact of blockchain on current and future supply chain management systems.

scholarly journals Traceability of Pharmaceutical Drugs throughout the Supply Chain using Blockchain

2020 ◽  
Vol 9 (5) ◽  
pp. 1167-1173
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Pharmaceutical Industry ◽  
Effective Means ◽  
Distribution Center ◽  
Pharmaceutical Drugs ◽  
Chain Management ◽  
Blockchain Technology ◽  
New Methodologies ◽  
To Come

The pharmaceutical industry is prone to many risks and the effect of these risks propagating to patients is enormous. Just like other sectors, the pharmaceutical sector can also benefit from new methodologies in the supply chain network. More effective supply chain management can benefit the pharmaceutical industry by reducing the risks from the current challenges being faced by the industry. Difficulties like missing interest data, human asset reliance, request of the board, distribution center administration, absence of coordination, shipment perceivability and lapse must be confronted. An important observation from these challenges is their dependence on human resources to come about these changes in the state and process information. Inevitably, blockchain can construct the profitability and straightforwardness of flexible chains and vehemently influence everything from warehousing to movement to portion. The core benefits of the blockchain technology are Immutability, Corruption & tamper proof, Secure and Zero downtime. These make the blockchain technology a very effective means for revolutionizing the supply chain management

scholarly journals Blockchain Technology Application as an Add-On Feature in Supply Chain Management of Drug Production Process in the Pharmaceutical Industry

2021 ◽  
Vol 11 (7) ◽  
pp. 79-86
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Pharmaceutical Industry ◽  
Production Process ◽  
Mobile Application ◽  
Management Process ◽  
Chain Management ◽  
Drug Production ◽  
Blockchain Technology ◽  
Data Transparency

The production process is an important process to determine the quality of drugs produced by the pharmaceutical industry. The production process aims to send goods for use by consumers. This process does not have full visibility and uses a manual process to track the movement of ingredients. This results in a lack of data transparency in drug production, a major problem often faced by the pharmaceutical industry in supply chain management. The process without data transparency will reduce the quality and assurance of drugs and the ability to record information in the drug production process. Based on these problems, this study develops a mobile application by implementing a blockchain system to support the system supply chain management process from material sources, production processes to distribution to consumers. This research was conducted with a prototyping model approach in application development and multichain as blockchain technology. This research produces a mobile application with a blockchain system in the supply chain management process. The development of the application ensures that all transaction data is recorded properly and produces information that anyone can see so that the blockchain system becomes transparent, ensures security, data integrity, and makes tracking production information easier.

scholarly journals Shifting trust in construction supply chains through blockchain technology

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Xiaoning (Alice) Qian ◽  
Eleni Papadonikolaki
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Original Data ◽  
Structured Interviews ◽  
Data Set ◽  
Chain Management ◽  
Content Type ◽  
Contractual Arrangements ◽  
Blockchain Technology ◽  
The Impact

PurposeBlockchain technology is booming in many industries. Its application in supply chain management is also gradually increasing. Supply chain management (SCM) has long been committed to reducing costs and increasing efficiency and is trying to optimise resources and reduce the sector's fragmentation. Trust has always been an important factor in managing supply chain relationships, and it also affects the efficiency of supply chain operations. To this end, this study aims to examine how trust is affected by the introduction of blockchain technology in construction supply chain management.Design/methodology/approachThis study is based on semi-structured interviews and publicly available information from experts in blockchain and construction supply chain management. Through content analysis, the data are analysed thematically to explore how various types of trust, such as system-based, cognition-based and relation-based, are affected by blockchain technology.FindingsBlockchain technology provides solutions for data tracking, contracting and transferring resources in supply chain management. These applications help enhance the various sources of trust in SCM and provide supply chain partners with protection mechanisms to avoid the risks and costs of opportunistic behaviour in collaboration, shifting trust from relational to system-based and cognition-based.Research limitations/implicationsThis study focuses only on inter-organisational rather than interpersonal trust and empirical data from experts whose knowledge and cognition could be subjective.Practical implicationsLeveraging the potential of digitalisation to manage trust requires that leaders and managers actively try to improve contractual arrangements, information sharing and being open to new innovative technologies like blockchain.Social implicationsFrom a relational view of supply chain management, the extent to which blockchain technology can develop and spread depends on the readiness of the social capital to accept decentralised governance structures.Originality/valueThis study builds upon an original data set and discusses features and applications of blockchain technology, explores the sources and dimensions of trust in supply chain management and explains the impact of blockchain technology on trust.

scholarly journals Internet of Things Based Blockchain for Temperature Monitoring and Counterfeit Pharmaceutical Prevention

Sensors ◽  
2020 ◽  
Vol 20 (14) ◽  
pp. 3951 ◽  
Author(s):  
Rajani Singh ◽  
Ashutosh Dhar Dwivedi ◽  
Gautam Srivastava
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Internet Of Things ◽  
New Technologies ◽  
Temperature Monitoring ◽  
Drug Prevention ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Counterfeit Drug ◽  
Smart Healthcare

The top priority of today’s healthcare system is delivering medicine directly from the manufacturer to end-user. The pharmaceutical supply chain involves some level of commingling of a collection of stakeholders such as distributors, manufacturers, wholesalers, and customers. The biggest challenge associated with this supply chain is temperature monitoring as well as counterfeit drug prevention. Many drugs and vaccines remain viable within a specific range of temperatures. If exposed beyond this temperature range, the medicine no longer works as intended. In this paper, an Internet of Things (IoT) sensor-based blockchain framework is proposed that tracks and traces drugs as they pass slowly through the entire supply chain. On the one hand, these new technologies of blockchain and IoT sensors play an essential role in supply chain management. On the other hand, they also pose new challenges of security for resource-constrained IoT devices and blockchain scalability issues to handle this IoT sensor-based information. In this paper, our primary focus is on improving classic blockchain systems to make it suitable for IoT based supply chain management, and as a secondary focus, applying these new promising technologies to enable a viable smart healthcare ecosystem through a drug supply chain.

scholarly journals Influence of Supply Chain Management Strategies on Performance of Medical Supply Chain Organisations in Kenya

2021 ◽  
Vol 3 (3) ◽  
pp. 32-51
Author(s):  
Peter Mwangi Njuguna ◽  
Wycliffe Arani ◽  
Viginia Onyara
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Information Integration ◽  
Management Strategies ◽  
Negative Influence ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Medical Supply ◽  
The Impact ◽  
Lean Supply Chain

Institutions within the medical supply sector have consistently faced substandard supply chain results because of failure of timely deliveries on the part of suppliers failing to quickly respond to deliver medical shipments. This indicates the procurement role having inadequacies as a key component of an organization since it does not deliver on maximized effectiveness and a reduction of costs based on poor supply chain management plans. A critical purpose of the study was the intention to identify influence of supply chain management strategies on performance of medical supply chain organisations in Kenya. More so, the analysis deals with the degree information integration impacts on Organization performance; to evaluate the impact of warehousing on performance; to examine the impact of outsourcing on performance; and to evaluate the influence of lean supply chain on performance of medical supply entities across Kenya. Direction will through be relying on the resource-based theory as well as the supply chain constraints principle. The analysis will adopt a descriptive study approach; with the targeted size comprising of 30 medical supply entities. The study participants included 2,529 staff of pharmaceutical supply chain entities within Kenya. Determination of the sample group was by Yamane’s concept that led to to a group of 345 participants. Accessing the participants was by stratified and simple random sampling approaches. Towards indicating dispersion and central tendency, standard deviation and respectively, with the inferential statistics being analysed by multiple regression and correlation analysis. The study findings reveal that performance of medical supply organizations in Kenya was significantly related with supply chain information integration (p < 0.05), warehousing (p < 0.05) and outsourcing. Despite this, the association among differentiation strategy and performance was insignificant at p > 0.05 but only significant at p <0.1). It was also found that while lean supply chain had a negative influence on performance (t = -.528, p >0.5) information integration, warehousing and outsourcing had positive influence on performance (information integration: t = 16.461, p <0.05; warehousing: t = 19.671, p <0.05; outsourcing: t = 15.528, p <0.05). The result of these outcomes is that the leadership across medical supply organizations in Kenya need to adopt information integration, warehousing, and outsourcing, which would   positively contribute to performance. Medical supply organizations in Kenya should continue emphasizing on supply chain strategies. The outcomes of the study may assist organisations in drawing plans or improving existing strategies governing supply chain management across institutions.

Pharmaceutical and Life Sciences Supply Chain Management

2019 ◽  
pp. 206-227
Author(s):  
Anbalagan Saravanan
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Pharmaceutical Industry ◽  
Life Sciences ◽  
Pharmaceutical Products ◽  
Key Factors ◽  
Pharmaceutical Supply Chain ◽  
Chain Management ◽  
Pharmaceutical Supply Chains ◽  
Insight Into

The pharmaceutical industry quite broadly encompasses a large and varied number of logistics and supply chain activities. The industry, as a whole, relies on some standard benchmarking indicators such as months of on-hand inventory and inventory turns; however, the existing metrics do not allow for idiosyncrasies of the industry or provide adequately detailed insight into the key factors that make a pharmaceutical supply chain excellence. Over 75% of the markup on pharmaceutical products takes place at the manufacturer. This causes inventory-carrying costs to increase dramatically once the distribution segments of the supply chain purchase the product. Wholesalers and large pharmacy chains suffer high carrying costs on the final product. Inside pharmaceutical supply chains, companies must also face issues of product expiration and limited shelf lives. Seasonal and short shelf life products such as flu vaccines leave companies without the opportunity to redistribute or reallocate product in order to meet demand.

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