Product information is constantly in flux. Product specifications, variations, and certifications can change on an almost daily basis. Making sure that the appropriate product information is updated and communicated to the various people in the company and to all the appropriate outsiders is a major organizational challenge. Considering that each organization deals in a multitude of products, the challenge is exacerbated.
With Inxeption, we have created the product ledger to keep everyone inside the company and outside the company on the same page. Using the product ledger blockchain, each change to the product is stored in a block and chained together with previous transactions to present a complete and accurate product history.
In all organizations, the price list is a living document. As such, it is not always communicated effectively in a timely manner to all interested parties, including distributors, resellers, and end buyers. Pricing may fluctuate for a wide variety of reasons, including updates to terms, changing manufacturing costs, shipping rates, and competitive discounts. It's vital that the most accurate and up-to-date pricing information is disseminated across appropriate constituencies.
With Inxeption, pricing is confirmed, agreed upon, and stored in a blockchain. That process creates a positive record of who received the pricing and when the new pricing was received. This, in turn, removes errors and confusion caused by incorrect pricing.
Inxeption protects special pricing from unauthorized users, which maintains the integrity of contractual agreements.