Shared Order Platform Using Tokenized Links for Supply Chain
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Solution Overview
Problem
Current supply chain management is labor-intensive and prone to errors due to manual processes and inconsistencies in document handling, with existing ERP and CRM systems being expensive and often limited to one side of the supply chain.
Innovation Solution
A shared order management and catalog management system utilizing a tokenized link-based platform in a communications cloud, allowing access to shared order and catalog documents, enabling real-time collaboration and data aggregation across suppliers and buyers without requiring registration, with features like inventory tracking and two-way communication.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If manual document handling and personal communication methods are used, then flexibility and personalization are maintained, but labor intensity and error rates increase significantly
Solution Approach 1:
The system enables automated self-service functionality where the order management system automatically generates documents, tracks inventory, and manages data without requiring manual intervention for each transaction. The system serves itself by automatically reconciling data between buyer and supplier systems, eliminating the need for manual data entry and comparison.
Solution Approach 2:
The patent replaces manual mechanical processes (physical document handling, phone calls, fax transmissions) with an automated electronic system. The mechanical system of manually creating, transmitting, and tracking paper documents is substituted with an electronic platform that automatically generates digital documents, transmits them through the network, and tracks their status.
2Loss of information
If multiple separate documents are generated for each order, then comprehensive order information is captured, but data organization and consistency become difficult to maintain
Solution Approach 1:
The patent merges multiple separate documents (order form, delivery note, invoice, credit note) into a unified electronic order management system. Instead of handling separate physical or digital documents, the system consolidates all order-related information into a single integrated electronic record that can be accessed and managed by both buyer and supplier.
Solution Approach 2:
The electronic order management system performs multiple functions within a single platform: it generates order documents, tracks delivery status, manages invoices, handles credit notes, and maintains inventory records. This multi-functional system replaces the need for separate manual processes for each document type.
3Reliability
If ERP and CRM systems are implemented to organize data, then data management capability is improved, but system cost and configuration complexity increase
Solution Approach 1:
The patent introduces an intermediary electronic order management platform that sits between the buyer's and supplier's existing systems. This intermediary system facilitates data exchange and organization without requiring full implementation of complex ERP or CRM systems. It acts as a mediator that enables structured data management through a simpler, specialized platform.
4Reliability
If data is manually entered into supplier/retailer systems, then data can be organized in existing systems, but time consumption and resource requirements increase
Solution Approach 1:
The patent replaces the manual mechanical process of data entry with automated electronic data transmission. The system automatically transmits order data, delivery information, and invoice details between buyer and supplier systems through the electronic platform, eliminating the need for manual data typing and transcription.
Solution Approach 2:
The system enables automated self-service data synchronization where the electronic order management system automatically updates both buyer and supplier records without human intervention. The system self-manages the data consistency by automatically reconciling information across different systems.
Data Source
AI summary
There is provided, in accordance with an embodiment of the present invention, a system, platform and method to provide shared order management based on a shared order platform used by buyers and suppliers. In some embodiments the order management platform includes an order server in a communications cloud, coupled to an order database; a shared order platform adapted to facilitate usage by one or more authorized buyers and/or suppliers, wherein the shared order platform includes a shared structured document with order related data layers; and a tokenized link with an address linking to the shared order platform, where the tokenized link is adapted to allow entry into the shared order platform via entering a page defined within the tokenized link.