| Pub. Date | : Dec' 2021 |
|---|---|
| Product Name | : The IUP Journal of Business Strategy |
| Product Type | : Article |
| Product Code | : IJBS11221 |
| Author Name | : Pankaj M Madhani* |
| Availability | : YES |
| Subject/Domain | : Strategic Journals |
| Download Format | : PDF Format |
| No. of Pages | : 25 |
Blockchain has been widely acknowledged as a disruptive technology to improve supply chain performance. For achieving operational efficiency and quality excellence, organizations need the underlying supply chain capabilities. Supply chain capability is considered a higher-level capability to reconfigure various capabilities to achieve excellence in supply chain operations. Blockchain deployment in supply chains enhances operational and strategic capabilities that ultimately lead to better supply chain performance. The study investigates the blockchain from Resource-Based View (RBV) perspectives as an enabler of various capabilities that disrupt supply chain operations. RBV theory explains how a firm can achieve a competitive advantage by transforming its unique resources into capabilities. The prime focus of the study is to demonstrate the capabilities and benefits of blockchain deployment in the supply chain based on RBV perspectives and provide various frameworks to emphasize supply chain transformations on blockchain deployment.
Business analytics has emerged as an effective tool for designing business strategies and making an
Today's organizations are consistently searching for innovative ways to integrate Information and Communication Technology (ICT) into their business process to acquire sustainable benefits (Centobelli et al., 2020). The use of ICT has often been recognized as an important resource that can provide distinctive capabilities for a firm and its supply chain (Wu et al., 2006). As ICT increases supply chain integration, it helps in handling a substantial increase in volume and complexities of information between various supply chain partners. The use of ICT in supply chain processes plays a key role in developing supply chain capabilities (Prajogo and Olhager, 2012) as it is a promising approach to make the supply chain processes more efficient (Queiroz and Wamba, 2019).
Different supply chain capabilities enabled by various ICT resources, such as e-business, electronic data interchange, and Radio-Frequency Identification (RFID) systems, have been studied in prior research (Devraj et al., 2007; Angeles, 2009; and Bi et al., 2013). However, even after deploying ICT, some big companies (e.g., Chipotle Mexican Grill) still suffered from a lack of sufficient supply chain capabilities to monitor their suppliers in real-time (Casey and Wong, 2017). This lack of supply chain capabilities is largely attributed to fragmented supply chain processes and ICT systems deployment along with data security issues (Yee and Oh, 2013).