Planport | Advantages of The Supply chain Protocol

Planport is a Supply Chain Protocol that mainly use in Procurement processes. Procurement is buying goods and services to car you day to today activity of an organization. There are some obstacles in the current supply chain management process such as,

It is costly for all businesses from small companies to big companies

Legacy systems with inefficient and closed networks that are expensive

Riskiness and time consuming

Cash flow problems that takes weeks or months

Contractual nightmares

Poor supplier management

Closed and centralized access to goods and services

No unified system for tracking their existing relationship with suppliers

Lack of communication

Disorganized ecosystem

Lack of verifiable track records

Lack of adoption for reverse auction

Costly payment systems

Reconciliation challenges

Security problems

Difficulties in finding right sourcing partners and keeping them in a long term

In the creation of the contract there are some problems embedded to it like, inconsistence and email intensive process, long negotiations and approval life cycle, lack of tight control for cases of non-standard contracts or those in a different language, legal risk of proofy written contracts.

In related to the contract visibility, embedded problems can be identified as organizationally dispersed contracts, no visibility into commitment from a financial and legal perspective and inability to track regulatory compliance.

The problems associated with contract performance management and analysis can be identified as poor contract compliance, Poor renewal management pushing companies for legal risk with un-renewed contracts and lack of performance hinders resourcing and resale effort.

There is a closed system for supply chain experts

A complex customer creditworthiness testing

Issuing invoices exceeding the credit lines

Frustration of invoice verification

Omissions due to human error

For these kinds of problems Planport has provided the best suited solutions as follows.

Adding planport RFX – It allows buyers to issue RFX perform the end to end sourcing in one place, manage easily the Sourcing decisions and updates with RFX building and provides team collaboration.

Planport Supplier Manager – It facilitates for Supplier on-boarding and engagement, communication with suppliers and analyzing suppliers.

Planport Auctions – It help to reduce the purchasing cost, enhance procurement process, increase the efficiency in the market and access to the global suppliers base

Introduced Planport B2B payment – It provides B2Bdecentralized payment system, remits complete information

Introducing internet currency called PORT Token

Freeing up working capital and managing cash flows- It helps to reduce the time and cost associated with invoices

Planport contract – It is a smart contract that delivers fully integrated contract management solutions. Further, it provides a rating system.

Introduce a on demand expert network – It is transparent and it offers price on value and covers different geographies. Moreover experts can access to it whenever it is needed.

Provides invoice factoring service

Planport invoice market place- It has been built up based on bloackchain technology and it ensures the speedy process of transactions, elimination of fraudulent activities and intermediaries for holding money.

Issuing a utility Token of PORT- It can be used in the cases like paying incentives, decentralizing firm based consultancy, security deposits and staking, network transactions, proofing quality and reputation system.

The key customers of this project is identified as enterprises, suppliers, supply chain experts, developers, investors, trade assets issues and bank and non- bank enterprises.

The total supply of PORT token is distributed as follows,

Crowdsale – 30%

Public pre sale- 14%

Pre-sale- 10%

Bounty -4%

Team – 18%

Advisory - 6%

Reserves – 18%

So raised fund will be allocated as follows,

Product development- 60%

Marketing – 10%

Legal – 10%

Research and development -20%

Planport plan to achieve followings in its near future,

Designing token economics

Introducing the smart contracts

Identifying the circumstances where it can use the utility Token

Hiring more engineers

Building more robust products

Introducing APIs for Supply Chain Users

On boarding the first paying customer

Scaling the Planport’s Network

Planport is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in technology, Management, Software Development, graphic designing, Marketing and Finance, BlockChain Technology, Supply Chain and Manufacturing, International Business Development, Strategic Planning, ERP, public relationship, and legal matters and so on.

Planport Team