Supplier Warranty Recovery (RealWarranty)
by Real Variable Digital Assetservices Pvt. Ltd.
Supplier Warranty Recovery solution (SAP Bolt-on application) for Manufacturers, Larger Suppliers
REALWARRANTY - Supplier Warranty Recovery (SAP Bolt-on application)
Industry Challenges between OEM / Tier 1 Suppliers and their counterparts
1) Higher Claim volumes & lower claim value
2) Claim Multipliers at Supplier Side leading to complex claim recovery process
3) Complex Part Traceability between parties
4) Claim Litigation Incidents leading to loss of time and money for parties involved
5) Disparate Systems with limited information exchange between parties leading to audit trail issues.
RealWarranty - Blockchain & Smart Contracts Powered Solution:
1) Real Warranty is an aftermarket product which generates automatic debit note recommendations based on claim received by OEM; between the OEM & Tier 1, Tier 1 & Tier 2 Supplier respectively and so on till the nth level supplier based on proof of delivery, proof of part usage and warranty contract conditions between various parties.
2) The Solution would seamlessly complement the existing SAP / Other ERP systems w.r.t Supply Chain Transactions.
3) Warranty entitlement conditions can be easily modeled as Business Rules in Smart contracts in Blockchain.
4) Functionality will be available to Tier 2/3/4 suppliers network who are using legacy / non-ERP systems to interact with the Blockchain network.
Business Benefits
1) Reduced cost of Supplier Warranty Recovery & reduced write offs and claim litigation incidents between parties.
2) Simplified Part traceability across Multi-tier Supplier networks.
3) Reduction in Cost of Poor Quality (CoPQ) and Optimized Cost of Continuous Service (CoCS).
4) Permanent Audit trail, tamper proof evidence resulting in Increased trust among entities due to Blockchain technology.
Value Proposition:
