Figure 3
The supply chain workflow is shown in a circular format and begins with a text box labeled “1. Need identification”. Moving clockwise, the next text boxes are labeled “2. Early stages planning”, “3. Determine the method of procurement”, “4. Prepare to approach the market”, “5. Market and tendering process”, “6. Evaluation and selection”, “7. Contract signing”, and “8. Goods or service transfer”. These eight stages form the circular path of the procurement process. Below “1. Need identification”, a description box is attached and labeled “Identifies a need or requirement that is not currently being met by their organisation”. The description box below “2. Early stages planning” is labeled “Setting objectives, outlining the specific requirements”. Below “3. Determine the method of procurement”, a description box is attached and labeled “Define the method of procurement”. Below “4. Prepare to approach the market”, a description box is attached and labeled “Engage a specialist consulting firm, publish an announcement”. The description box for “5. Market and tendering process” is labeled “Supplier responds to the tender advertised”. The description box for “6. Evaluation and selection” states “Evaluates the bids based on the criteria”. From “8. Goods or service transfer”, a line extends leftward and connects to a box labeled “Monitoring the good or service delivery”. From this box, a line extends downward and connects to the box labeled “Blockchain private chain internal supply management”. From “Blockchain private chain internal supply management”, a line continues downward and connects to a descriptive box labeled “Private chain internal supply management”. From “4. Prepare to approach the market”, “5. Market and tendering process”, and “6. Evaluation and selection”, a line extends downward and connects to a text box labeled “Public chain bidding (the opportunity is publicly available)”. From “Public chain bidding (the opportunity is publicly available)”, a line extends rightward and connects to a box labeled “Public chain”. Each of the main process boxes contains a corresponding icon that visually represents the action described.Blockchain application to achieve twelve functions of just-in-time