The Supply Chain Protocol | Web 3.0

anuicoreviews (47)in #business • 6 years ago

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Planport is a Supply Chain Protocol that mainly use in Procurement processes. Procurement is buying goods and services to car you day to today activity of an organization. There are some obstacles in the current supply chain management process such as,

It is costly for all businesses from small companies to big companies
Legacy systems with inefficient and closed networks that are expensive
Riskiness and time consuming
Cash flow problems that takes weeks or months
Contractual nightmares
Poor supplier management
Closed and centralized access to goods and services
No unified system for tracking their existing relationship with suppliers
Lack of communication
Disorganized ecosystem
Lack of verifiable track records
Lack of adoption for reverse auction
Costly payment systems
Reconciliation challenges
Security problems
Difficulties in finding right sourcing partners and keeping them in a long term
In the creation of the contract there are some problems embedded to it like, inconsistence and email intensive process, long negotiations and approval life cycle, lack of tight control for cases of non-standard contracts or those in a different language, legal risk of proofy written contracts.
In related to the contract visibility, embedded problems can be identified as organizationally dispersed contracts, no visibility into commitment from a financial and legal perspective and inability to track regulatory compliance.
The problems associated with contract performance management and analysis can be identified as poor contract compliance, Poor renewal management pushing companies for legal risk with un-renewed contracts and lack of performance hinders resourcing and resale effort.
There is a closed system for supply chain experts
A complex customer creditworthiness testing
Issuing invoices exceeding the credit lines
Frustration of invoice verification
Omissions due to human error

For these kinds of problems Planport has provided the best suited solutions as follows.

Adding planport RFX – It allows buyers to issue RFX perform the end to end sourcing in one place, manage easily the Sourcing decisions and updates with RFX building and provides team collaboration.

Planport Supplier Manager – It facilitates for Supplier on-boarding and engagement, communication with suppliers and analyzing suppliers.

Planport Auctions – It help to reduce the purchasing cost, enhance procurement process, increase the efficiency in the market and access to the global suppliers base

Introduced Planport B2B payment – It provides B2Bdecentralized payment system, remits complete information
Introducing internet currency called PORT Token

Freeing up working capital and managing cash flows- It helps to reduce the time and cost associated with invoices
Planport contract – It is a smart contract that delivers fully integrated contract management solutions. Further, it provides a rating system.

Introduce a on demand expert network – It is transparent and it offers price on value and covers different geographies.

Moreover experts can access to it whenever it is needed.

Provides invoice factoring service

Planport invoice market place- It has been built up based on bloackchain technology and it ensures the speedy process of transactions, elimination of fraudulent activities and intermediaries for holding money.

Issuing a utility Token of PORT- It can be used in the cases like paying incentives, decentralizing firm based consultancy, security deposits and staking, network transactions, proofing quality and reputation system.

The key customers of this project is identified as enterprises, suppliers, supply chain experts, developers, investors, trade assets issues and bank and non- bank enterprises.

The total supply of PORT token is distributed as follows,

Crowdsale – 30%
Public pre sale- 14%
Pre-sale- 10%
Bounty -4%
Team – 18%
Advisory - 6%
Reserves – 18%
So raised fund will be allocated as follows,
Product development- 60%
Marketing – 10%
Legal – 10%
Research and development -20%

Planport plan to achieve followings in its near future,

Designing token economics
Introducing the smart contracts
Identifying the circumstances where it can use the utility Token
Hiring more engineers
Building more robust products
Introducing APIs for Supply Chain Users
On boarding the first paying customer
Scaling the Planport’s Network

Planport is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in technology, Management, Software Development, graphic designing, Marketing and Finance, BlockChain Technology, Supply Chain and Manufacturing, International Business Development, Strategic Planning, ERP, public relationship, and legal matters and so on.

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