Abstract: The supply chain process described herein offers a business-ready original equipment manufacturer (OEM) blockchain supply chain and part procurement platform, with modular ERP value added solutions. This process is designed to resolve a multitude of longstanding inefficiencies for procurement and IT departments in the manufacturing and supply chain process, allowing procurement departments get precision parts faster and cheaper, suppliers to stay busy and profitable, and OEM IT teams to gain a powerful new tool to assist with digital transformation in the part supply chain lifecycle from procurement to recall while procuring from Tier-agnostic suppliers. This process merges the industrial manufacturing industry best practices workflow, to deliver the functionality and benefits of commercialized blockchain technology to large manufacturers and OEMs.

Abstract: The manufacturing procurement process described herein allows for the entire manufacturing production process and components to be encoded onto a live distributed manufacturing network platform that combines distributed ledger technology to permit verification, tracking and storage on a specialized blockchain tailored to the protocol and standards of industrial manufacturing. This process also assigns a unique digital blockchain-based “token” that corresponds with each specific Purchase Order, Part, and End Product, and encompasses the specific details relating to that Purchase Order, Part, or End Product, including the original order specifications and production requirements. The use of cryptographically-secured blockchain technology in this process improves the efficiency and traceability of the supply chain, enhancing the audit, traceability, recall and anti-fraud capabilities of manufacturers, and saving significant costs to suppliers, buyers, and ultimately, end users.