The Impact of Financial Technology on Inventory Management Efficiency
摘要
The present study aims to investigate the way that inventory management can be revolutionized by FinTech—specifically, once again, the blockchain. FinTech innovations, such as blockchain, data analytics, and AI, provide an opportunity to make traditional inventory management more up-to-date. Since good inventory management is essential to a successful and efficient supply chain, financial cost reduction, and meeting customer needs, we will review the current state of the field. As well as how blockchain technology allows for improvements in the transparency, traceability, and security of our supply chains. This paper uses detailed empirical methods to examine the impact of FinTech adoption on a variety of important inventory management metrics in increasingly realistic settings, such as holding costs and turnover rates, in many businesses. Our results highlight important cost, stockout, and turnover rate reductions for firms utilizing predictive analytics combined with automated tracking systems, with significant implications for businesses looking to improve operations in their supply chain and derive competitive advantage from technological innovation, finding support for the empirical adoption of FinTech solutions in inventory management operations.