Planport

What is Planport

Planport is building open source solutions for the supply chain 2.0, initially procurement and sourcing solutions. Procurement is one of the core supply chain management functions and vital part of small to large companies, as they can spend over 75% of their revenue on it, therefore success and opportunities for all companies depend on it. It involves sourcing for suitable suppliers and buying goods and services that these businesses and organisation operate on.

The current supply chain industry is a $64 trillion market that employs millions around the world. Planport is building a protocol for the supply chain industry and our initial product focuses on procurement and its components. Procurement is one of the core sectors of the supply chain industry. It involves buying of goods and services that enable organizations to carry out their day-to-day operations. Someone involved in procurement may be responsible for sourcing raw materials from suppliers globally and bringing them into an organization by working with C-level executives, finance and engineering as well as external suppliers. While procurement is a vital aspect of operations, the process has critical problems that are costly for all businesses from small companies to big corporations. The obstacles include legacy systems with inefficient and closed networks that are expensive, risky and time-consuming, cash flow problems that take weeks or months, contractual nightmares, poor supplier management and closed and centralized access to goods and services. A company spends 30 to 70% of its revenue on outsourced goods and services, yet many still underinvest.

The Planport Platform powered by the PORT token aims to solve these problems by unifying the entire procurement process end-to-end and empowering enterprises and suppliers using a decentralized business-to-business network in the supply chain industry. Buyers and sellers can use the platform for procurement, auctions, payments, and contract management. At the end of the supplier and buyer interaction, our invoice marketplace enables suppliers to push invoices to a network of global investors where they can access a diverse range of funders. This marketplace is built on the Blockchain distributed technology allowing participants to have a secure and efficient way to settle trade finance assets in the $3 trillion factoring industry. Planport, as part of Planport Platform, has built and is building the following products: Planport RFX - a procurement product for buyers and sellers. Planport Supplier Manager - a product for enterprises to communicate with and assess suppliers. Planport Auctions - a product for performing reverse auctions with multiple suppliers. Planport Payment Systems - a payment system empowered by the PORT token for business-to-business payments. Planport Contracts - a full contract management product for creation, storage, and discovery of contracts. Planport Experts Networks - an on-demand network of supply chain experts for enterprises. Planport Invoice Marketplace - a trade finance network for suppliers. Planport will revolutionise the supply chain industry by building a platform that streamlines the processes and is built on trust, mutual benefit and user-centric as part of the Web 3.0 by using the Blockchain technology.

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Sourcing for any business with the current state of sourcing systems is not only a logistical nightmare. The whole process also comes with technological challenges that could quickly drive a business owner completely nuts. To source for any product and have it moved from its point of origin to the place where the business intends to put it to use, the procuring department has to go through a harrowing process dotted with numerous disjointed legacy systems. And this accounts for why most procurement heads resort to using spreadsheets, email and other tedious manual processes.

One of the problems that suppliers face today is dealing with fees as high as 20% on their receivables due to third-party organisations, at the same time, there is also a problem of duplication of invoices and fraud within the $3 trillion worth industry of Invoice factoring.

The Solution - The supply chain process has many stages which require concerned parties to use a collaborative approach throughout its lifecycle. Planport simplifies this process by unifying the entire procurement process end-to-end with the power of the blockchain technology. Moreover, Planport intends to create a seamless interaction right from on-boarding, monitoring, issuing and expenditure management, payment processes and performance analysis, among others.

The Planport Supply Chain Protocol

• Planport RFx
• Planport Trade Finance Marketplace
• Planport On-Demand Experts Network
• Planport Auctions
• Planport Payments
• Planport Supplier Manager
• Planport Contracts

Some of the problems PORT token solves

• Fairer Return- Suppliers want to monetise their ideas and their innovations they're bringing to the table for enterprises and get a fair incentive in return.Currently, there is no mechanism to solve this issue, so ideas and improvements are locked away.
• Decentralising Firm based consultancy - One of the features of the Planport network is the On-Demand Consultancy. This means that the current system of having consultants advice enterprises on different aspects of procurement is done within the Planport system on a pay-per-use model instead of months of contracts and huge fees that need be locked in. Procurement heads will easily connect with experts in the different categories, needs, and transact without any hassle common with procurement advising firms. This means there are no large upfront investments or long terms contracts, and users can scale it up or down, or even turn it off as simple as users can turn it on.
• Security Deposit and Staking - The Planport Utility Token(PORT) can be staked for the purpose of proposals issuing, submitting new proposals, Launching an RFP, and contract launching. The amount of token required to stake can be designed dynamically depending on the number of projects, the value of the project and other factors like reputation and rating of the entity

For Information

Website: https://www.planport.io/

Whitepaper: https://www.planport.io/Whitepaper.pdf

Twitter: https://twitter.com/planport

Facebook: https://www.facebook.com/Planport-285622935331805/

Telegram: https://t.me/planportofficial

ANN: https://bitcointalk.org/index.php?topic=4625884.msg41784034#msg41784034