Managing Products Within an Enterprise Supply Chain System Discussion & Responses
question 1
What role do you feel that VR/AR will play in the future in managing products within an enterprise supply chain system?
question 2
Remember to review the syllabus expectations for initial discussion posts and peer replies.
Discuss the following: 1. What are Smart Contracts and how might they be applied in human resource management? You are required to cite this week’s assigned readings in your paper. You may also cite prior week's reading assignments and external sources if you wish.
Use the following headings to organize your paper: Introduction, Question 1, Conclusion, References.
Submit your paper as a Word attachment in the discussion forum. I provide feedback within the paper and will not grade your post unless you submit it as an attachment. Your response to the discussion prompt should contain a minimum of 500 words and it should be submitted no later than Wednesday before 11:59 pm EST. Your response should be formatted in APA style and reference this week's readings.
Also, two peer replies should contain a minimum of 150 words each and should be submitted no later than Sunday before 11:59 pm EST. The initial post is worth 20 points and the peer replies are worth 2 points each (4 points).
Follow the following writing requirements for all of your discussion prompt responses (note that these writing requirements DO NOT apply to your responses to other students):
Writing Requirements for all Assignments:
References MUST be cited within your paper in APA format. Your reference page and in-text citations must match 100%. Papers without in-text citations will earn failing grades.
Always include a cover page and reference page with all submissions
Your paper must have headings in it. For discussion posts Introduction, Prompt/Question, and Conclusion will suffice as headings.
Provide the EXACT web link for all online sources – do not provide just the home page, but the EXACT LINK – I check all sources
No abbreviations, no contractions – write formally
Write in the third person formal voice (no first or second person pronouns)
Write MORE than the minimum requirement of the word count assigned
As always, the word count is ONLY for the BODY of the paper – the cover page, reference page, and / or Appendix (if included) do not count towards the word count for the paper
Indent the first line of each new paragraph five spaces
Refer to the example APA paper in the getting started folder under the content tab if you need an example. Also, a power is provided under the information tab that addresses APA format.
Use double-spacing / zero point line spacing, a running header, page numbers, and left justify the margins.
Reading material for question 2
READING ASSIGNMENT
From the UC Library: Access the Library at http://www.ucumberlands.edu/library/ and Search by Title
1. Druck, J. A. (2018, October). Smart Contracts are neither smart nor contracts. Discuss. Banking & Financial Services Policy Report, 37(10), 5-9.
POST
Question 1 student post 1VR/AR Enterprise Supply Chain SystemSupply chain improvements over the last decade have been incremental at best. Augmented Reality explains a high new profile in Supply Chain with the new technologies in the market. Transforming old and traditional retail experience in the market to new, more user friendly, and more effective enterprise supply chain management Augmented Reality plays a critical role. Augmented Reality works on adding an additional layer of digital information to the top of the visual information base layer. Visual information from a camera says in an iPad, or smartphone, or from a device like the defunct Google Glass. Adding a layer to the top acts as brick and mortar shopping feel like online shopping, and vise versa. This process provides an additional benefit to supply chain management with integrated new technologies.A VR supply chain allows manufacturers to design and architect in 3-D. VR works on evaluate designs and make critical decisions about new products and customer buying decisions. Customers have the flexibility to make changes to there designs in real-time using VR. Generally, they use iPad, laptop, or other technology for making changes. They can also walk through their digitalized room and experience the VR look and feel of their choices. For design organizations, CAD functionality is used to engineer employee engagement leveraging the latest technology. The VR-enhanced designs allow for visualization capabilities previously unavailable. This allows product engineers, architects, and designers to rapidly shift through multiple models and evaluate them on the spot. ReferencesLardinois, Frederic, “Google Expands Its VR Program for Students to More U.S. Schools,” TechCrunch, November 9, 2015, http://techcrunch.com/2015/11/09/google -expands-its-vr-program-for-students-to-more-u-s-schools.“IKEA Launches Pilot Virtual Reality (VR) Kitchen Experience for HTC Vive on Steam,” IKEA, April 4, 2016, www.ikea.com/us/en/about_ikea/newsitem/040516 _Virtual-Reality.Hart, Brian, “Microsoft Targets Enterprise Virtual Reality with Business Oriented VR Headset,” Road to VR, April 1, 2014, www.roadtovr.com/microsoft-enterprise-virtual-real...Question 1 student post 2IntroductionAn acquisition strategy is an important process used by organizations in sourcing resources, either human resources or the inputs to guarantee safety and quality outcomes. Historically, organizations have focused on buying or outsourcing systems that can operate in a stand-alone model or have interactions with other systems. An Enterprise system is a system that promotes advancement or growth in multiple roles of an enterprise through the integration process. An example of the enterprise system is enterprise resource management (ERM). The Computer technology that helps in modifying vision and recognition by applying an algorithm that augments both video, graphic, and sound is what is described as Augmented Reality (AR) (Bastian Solutions, 2020). Virtual Reality (VR) is the application of computer technology in the process of creating a simulated environment. The VR & AR technologies are applied in different fields, and the enterprise supply chain system is one of them.Role of VR/AR in Enterprise Supply Chain SystemThe VR/AR plays an essential function in revolutionizing the supply chain of enterprises and the following roles in managing products are expected in the future,AR Improves order picking processThe technology enables employees to trace the location of products in the store by using smart classes because they are fast and has minimal errors. The glass lenses help employees move around the warehouse because it provides the most efficient route. The technology will replace the order pickers or hand scanners in selecting the required products and placing them on carts (Clear Spider, 2019). The technology minimizes much training to understand the store arrangement because of its efficiency.VR Makes Delivery Process Safer and More EfficientDelivery drivers have the responsibility of ensuring that products make up to the offices, stores, and distribution centers on the scheduled time without any damage to the products. The existing process manages the transport and logistics process by using the navigation system and manual checks on products, but temperature-controlled products bring more complex challenges. The VR technology is expected to provide valuable information on the windshield directly. The report includes the provision of alternative routes, blocked roads, and traffic snags (Arnold, 2018). The information on the state of the product load is also displayed in the windshield without climbing and check. A thermostat monitors Temperature-sensitive product. The packaged product can also have scannable images of drivers and unloaders and also gives the unloading instructions and weight.Improved Secured Delivery OptionsThe objective of a supply chain system of an organization is to deliver products to the right person where VR makes the confirmation of product receiver easier (Arnold, 2018). The company scans the customer's picture and store in the database and during delivery, the VR and facial recognition technology are employed to confirm with the records in the database.Customer BenefitsVR technology allows customers to view all products in the store to be capable of selecting and ordering the products of choice. Ikea place is a company that recently applied the technology by developing an app that gives customers to locate furniture in different sections.ConclusionThe AR/VR technologies are known to bring future transformation in a different field, but the supply chain is a sector that also will benefit best with the technology. Efficiency in ordering and delivery of products will be achieved when the technology is adopted. The safety of the products during the transportation is also guaranteed when AR/VR technologies are used.ReferencesArnold A, (2018). How AR/VR is Revolutionizing the Supply Chain. Retrieved from: https://www.forbes.com/sites/andrewarnold/2018/01/29/how-ar-and-vr-are-revolutionizing-the-supply-chain/#4a23ceba4cbfBastian Solutions (2020). Augmented Reality (AR): The Future of Supply Chains? Retrieved from: https://www.bastiansolutions.com/blog/augmented-reality-ar-the-future-of-supply-chains/Clear Spider (2019). New Technologies Changing the Supply Chain. Retrieved from: https://clearspider.net/blog/ar-and-vr-technologies-changing-the-supply-chain/Question 2 student post 1 IntroductionHuman Resources department has to handle contracts constantly.This is mostly for Employees during the hiring process, and HR has to renew the contract of an actual employee. Also, there are cases where Human Resources handle also contracts from Vendors or Customers. This process could become time-consuming for HR as well as to the employees. Also, there are cases where the contract gets lost, making a whole confusion for the company or the employee. Blockchain Technology provides the HR department the opportunity of using Smart Contracts. This is more efficient contracts that avoid the issues listed above.Literature ReviewQuestion oneSmart Contracts are a self-executed contract between both parties. For example, between Organization and new hire employee. Where they agree for a determined salary and benefits. These contracts will be stored in the distributed ledger. Providing access only to the parties involved in the contracts. This situation will guarantee security to the information used in the contract. The contracts will be always available avoiding getting a lot and cause an issue for either party. All the content from the contract will be written into lines of code. Providing all the information to be encrypted, and avoiding the possibility of getting the contract corrupted, or stolen by a hacker.Smart Contracts have the potential to be used for not the only employee to customer. They also can be used when the company agrees to buy a certain product for a vendor. In the smart contract, they will set the payment terms, quantity between others. As happens with the contracts to hire, the contract will be available for the involved parties. On the other hand, the organization can create smart contracts when selling a service or product to a certain customer. This will be very beneficial because in the case that the contracts are not being respected by either party, the affected party will have the proof in the decentralized network about the terms that were set for this transaction.This form of contract provides different aspects to improve to benefit the HR department. First, The avoidance of a third party provides autonomy to the parties involved in the agreement. Second, the trust that the information is safe, and can’t be corrupted. Third, the cost of smart contracts is lower since there is not a necessary sign for notaries or another entity. The last aspect and probably the most important is efficiency since with smart contracts it will be an important time reduction since there is not needed to send and receive papers. Everything will be in the distributed ledger, ready to be approve.” they assure complete trans- parency and security, as the blockchain’s public listing removes the fear of theft, misappropriation, or tamper- ing; and they make the entire contractual process move quickly (if not instantaneously), without need to wait for third-parties to chime in, confirm terms, or assure compliance (Druck, 2018, p.1). All of this benefits will provide a higher level of efficiency of these processes.ConclusionBlockchain technology has great potential to improve many duties in the Human Resources area. A smart contract will be one of the main improvements as far as it is being expected. This will improve from speeding up the hiring process to secure all the contracts from the rent of the offices around the globe. Smart Contracts show to adapt to different tasks of HR.Probably in the future will find more application for this function.ReferencesDruck, J. A. (2018). “Smart Contracts” Are Neither Smart Nor Contracts. Discuss. Banking &Financial Services Policy Report, 37(10), 5–9.Queestion 2 student post 2 Smart ContractIntroductionSmart contracts enable human resource management to create and enforce rights and obligations to all the participants of the system. The technology is used together with the other decentralized technology to increase efficiency and reducing errors. The application of this technology at human resource management together with the other technologies has been seen to be very effective and efficient. This paper will major in describing the smart contracts and how they might be applied in human resource management. Question 1What are Smart Contracts and how might they be applied in human resource management? Smart contracts are the contracts that are self-executing with all the terms and the conditions that are required by the buyer and the sellers written directly in them. These programs are programmed in a way that they execute when certain conditions are met (Druck, 2018). They ensure that the business processes are well verified and executed. It has highly cured the problem with the traditional financial contracts of delays, errors, and fraud among other inefficiencies (Kosba, 2016). Through the smart contracts which are utilized with the Blockchain technology or any other distributed ledger has led to the cue of this problems. The application of smart contracts in human resources is majorly through Blockchain technology. With this, the human resource management is provided with good interoperability in the financial systems which increases the compliance requirements and reduces the risks (Druck, 2018). The smart contracts are applied in the distributed network of human resources for all the participants to acquire their functionalities. Through the distribution of smart contracts, the participants of the smart contracts are well connected to the distributed network and the operations that run the various programs for the contract (Druck, 2018). The distribution assists in keeping the full copies of the information that is regularly updated when the new transactions have been made.Another way through which smart contract is applied in human resource management is under encryption and tokenization in the decentralized ledger (Kosba, 2016). There is a good recording of the processes which are taking place concerning the given transactions made. These transactions are well encrypted and shared when required to increase security. Besides, they are also made immutable depending on the contract agreement. Also, through tokenization of Blockchain, there is more value in the exchange of the contract as it can be performed through a wide variety of assets like the units of data, money, and the identity of the user (Druck, 2018). This enables a good trade of currency to be performed hence smart contracts. ConclusionIn conclusion, smart contracts are very important in the human resource department. This is because they help in the error reduction, and delays while increasing efficiency, effectiveness, and reducing the cost. However, the smart contract technology is used with the combination of other technologies like the Blockchain and other decentralized technologies employed. Human resource departments should work hard to employ this as it is of the great opportunity for the financial services offered. ReferencesKosba, A., Miller, A., Shi, E., Wen, Z., & Papamanthou, C. (2016, May). Hawk: The blockchain model of cryptography and privacy-preserving smart contracts. In 2016 IEEE symposium on security and privacy (SP) (pp. 839-858). IEEE. Retrieved from: https://eprint.iacr.org/2015/675.pdfDruck, J. A. (2018, October). Smart Contracts are neither smart nor contracts. Discuss. Banking & Financial Services Policy Report, 37(10), 5-9. Retrieved from: https://www.capgemini.com/consulting-de/wpcontent/...Below is an Example how you need to make for every post Hi Nandinii, it was a good post. Further, I like to add, Google Augmented Reality (AR) is a new use case for Google Glass that has been building since 2014 when a prototype of the Glass camera was released. This prototype contained a HMD with augmented reality capabilities. It was originally discovered to be quite a challenge to use the camera, but Google released a new developer version that had improved visiualisation. Augmented reality is a combination of the two major methods, video and interactive computer displays, into a single, robust solution. The concepts that apply to the technology include a web interface and text-based interface. The combination of these two technologies has generated many applications, from Internet-based operating systems to smartphone applications. Google AR is the concept of blending the computer in your head with computers in the home monitor what you eat and shop, and can analyze your physical appearance to better tailor your experience. Google's AR is extending beyond simply your living room. AR can combine the technology with your favorite games and applications to make better ones. Thank you.