Answer the following questions, 1-2 paragraphs for each.
1 – What is the difference between ‘out-sourcing’ and ‘off-shoring’? Why do firms ‘out-source’? What are some of the specific issues this raises? Pick one and describe more fully why this is a challenge?
2 – What is blockchain? Why is it a potentially transformative technology for supply chain management?
3 – How does blockchain technology improve supply chain visibility? How would we use that visibility to better manage supply chains using synchronous management and throughput accounting?
4 – How does blockchain technology improve supply chain contract management? How would you use your understanding of transaction cost economics to develop better ‘smart contracts’?
5 – Where are there opportunities in your team’s supply chain to use blockchain technology? Be specific. Make it realistic and viable.