Direct Supply Programme
A Direct Supply Programme (DSP)Facilitated by a Blockchain means that the origin of products in a supply line can be readily ascertained due to the Provenance a Blockchain provides. Blockchain ensures a permission-based data sharing network.
DSP builds on the IBM Blockchains Programme, and creates a digital passport for supplier identity on the blockchain network that allows suppliers to share information with any permissioned buyer on the network. This helps reduce the time and cost associated with qualifying, validating and managing new suppliers.
By helping to disintermediate suppliers who do not add value in the supply chain, DSP can help reduce costs. It can help Buyers build a digitized globalized procurement system that provides a workflow for purchases, a portal for suppliers, and an instantaneous, secure, lower cost, payments processing system.
DSP will help reduce time and cost associated with qualifying, validating, and managing new suppliers. It will also help facilitate a Trade Finance Programme facilitated by the Blockchain. DSP can help bring in a paradigm shift and help create a new model for procurement. It can help Buyers find validated potential new suppliers. It can help create what is effectively a strategic outsourcing resource that acts as a high-performing procurement resource
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