Supply Chain Solutions No.41 – Reducing Procurement Fraud

Supply Chain Solutions No.41 – Reducing Procurement Fraud

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.

Supply Chain Solutions No.35 – Procurement Fraud

Supply Chain Solutions No.35 – Procurement Fraud

Sourcing from Asian suppliers generally leads to various ways to incentivise the sale which some believe is a regular part of business, but others may say fraud. Greasing palms to garnish a business deal is an age-old affair globally, is it ethical no, but it happens regularly

Supply Chain Solutions No.33 – Employee Bribery

Supply Chain Solutions No.33 – Employee Bribery

Organisations engaged in direct and indirect procurement, there is always a chance an employee will engage in some form of inappropriate behavior that is not in the interest to the business.