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I am working on a POC where I have to store some data e.g. ID of an object, price, owner and things like that. Is it possible to store such things on Blockchain using smart contracts. And if not what are the ways to use Blockchain to achieve it. (I did some research, and people are using Blockchain in SCM industry. They must have stored these kind of data).

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If you are using Ethereum smart contracts, you can define your contract and store it with transactions. But, you need to make sure that the data you are storing is encrypted; otherwise, it will be accessible by public users. 

Refer to this link: https://www.ethereum.org/greeter

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