The Hypersmart Retail Platform integrates A.I. & Blockchain technologies for retail supply chain optimisation
The use of Hypersmart Contracts in the reverse auction case in supply chain
KEY FEATURES & BENEFITS
- The reverse (procurement) auction process allows the producer to seek new suppliers through a dynamic bidding process thus reducing the price of goods and services.
- Multi-facet parameters considered including quality of bidder services, capacity constraints, terms and conditions of the offer, risk of non-fulfilment, delays and others.
- Blockchain mining process guaranteeing the integrity of data provided by producers and suppliers.
- Our Hypersmart solution presents the buyer with the optimised bidder proposal based on algorithmic calculation.
- Ensures a broader set of suppliers for the producer due to the distributed nature of the bidding process.
- Fully automated auction.