There are three different platforms to sourcing products. Buying organisations need to define what their business model is and how their process operates, never expect the supplier will understand your business model and process.
Limiting transparency and creating silos due to distrust is a standard management approach when been protective. But is this doing more harm than good?
Is placing a penalty on a vendor for late shipment a necessity that ensures the product reaches the customer on time or something draconian and unnecessary?
Managing the purchase order process through raising, delivery receipt and invoice processing is critical to reducing fraud. Fraud is a supply chain related category that should not be ignored, as reported in the Kroll Global Fraud Report 2013, and has affected 70% of all companies surveyed. Procurement fraud is a key contributor in those companies affected.