COSO – Sarbanes-Oxley and Supply Chain Fraud

Supply Chain Network

COSO – SARBOX – SUPPLY CHAIN FRAUD. The Committee Of Sponsoring Organizations (COSO) internal controls framework highlights the following 5 key components which are a useful guide for the detection and reduction of supply chain fraud. Control Environment, Risk Assessment, Control Activities, Information & Communication and last but not least, Monitoring. In summary: CONTROL ENVIRONMENT. The “tone� of the organization as set by example and action of senior management.

Budgeting For the Repercussions of Supply Chain Fraud

Supply Chain Network

ARE YOU BUDGETED FOR FRAUD REPERCUSSIONS? If your organization is not budgeting for fraud detection, prevention, and reduction, then you better be budgeting for fraud repercussions. In much the same way as supply chain fraud cuts across the operations of the enterprise, the repercussions from supply chain fraud are just as far-reaching, (if not actually more so), and much more damaging and costly: - Manufacturing Downtime. Machinery Flush / Clean / Repair. Sourcing Replacement Suppliers.

Trending Sources

Dreaded Shrinkage: Bottomless Pit or Grave?

Supply Chain Network

SHRINKAGE: BOTTOMLESS PIT OR GRAVE? Many organizations just write off losses – especially raw materials and finished goods – to shrinkage: a general ledger bucket of seemingly endless depth and widespread use for all sorts of ills that may plague an organization. As long as shrinkage is within some acceptable percentage range, no one typically gives it too much thought or care. If the “acceptable�

Global Cargo Monitoring / Cargo Tracking: Networked Supply.

Global Trade Management

Sunday, 25 November 2007. Monday, December 03, 2007 8:01:00 am. ▼ 2007. (4). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990. The healthy growth continues as world merchandise trade continues to grow with an average of 10% per year.

Newer Tech Drives Strong Demand for 2007 and Later Pre-Owned Trucks

Ryder Exchange

That means the average truck comes from the 2007 time frame. 2007 is a key year. What’s so significant about 2007? Today, pre-owned clean-tech inventory from 2007, 2008 and later is increasingly seen as highly desirable late-model equipment.

7 Trending Transportation Updates: November 2016

PLS Logistics

Busiest Thanksgiving Since 2007. increase over 2015, and the most Thanksgiving travelers since 2007. Little Change in Economy, but Rate Increase Coming. Next year, the US economy won’t change much, growth expected to be about 2%.

Urbanization: Delivering Unique Perishables Around The Globe

Supply Chain Link

It is expected that the urban population of the world will nearly double between 2007 and 2050, leading to roughly an additional three billion people living in cities 1.

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Citations of Excellence Awards 2014

SCM Research

The results of the study show “that Internet consumers’ trust and perceived risk have strong impacts on their purchasing decisions” The second paper by Locke, Qin & Brause (2007) asks: “ Does monitoring improve labor standards? 2007). Like every year ( see my previous post ), Emerald rewards authors of exceptional papers covered in its extensive Emerald Management Reviews database with a Citation of Excellence Award (full list).

Global Cargo Monitoring / Cargo Tracking: Greater Globalization.

Global Trade Management

Monday, 19 November 2007. Wednesday, November 21, 2007 2:44:00 pm. ▼ 2007. (4). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990. The healthy growth continues as world merchandise trade continues to grow with an average of 10% per year.

Global Cargo Monitoring / Cargo Tracking: Compliance with.

Global Trade Management

Thursday, 22 November 2007. ▼ 2007. (4). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990. The healthy growth continues as world merchandise trade continues to grow with an average of 10% per year. By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high.

Global Cargo Monitoring / Cargo Tracking: The Inspection Chimera

Global Trade Management

Wednesday, 28 November 2007. ▼ 2007. (4). Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990. The healthy growth continues as world merchandise trade continues to grow with an average of 10% per year. By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high.

Supply Chain News on US Still not Back to 2007 Manufacturing Levels Eight Years Later

Supply Chain Digest

Revisions to Federal Researve Data in 2015 Now Show US Output Still a Couple of Percentage Points Below the Peak

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

I remember September 2007 very well. In April 2007, new housing starts collapsed. In August 2007, we discussed this with our senior executives and developed a very conservative forecasting and inventory model.

10 Years Today Steve Jobs Introduced the iPhone

Supply Chain 24/7

On January 9th, 2007, Steve Jobs stood on a stage and introduced an Apple device that would come to define the biggest technology company in the world - the iPhone

Supply Chain News on Federal Reserve Changes Baseline Year on US Industrial Production from 2007 to 2012

Supply Chain Digest

Move Actually Make Current Numbers Look a Little Better in Comparison

RFID, AIDC and IoT News on Looking Back at 2007 Prediction that RFID Would not Replace Bar Coding in the Supply Chain

Supply Chain Digest

Noteworthy Blog Post by Ronan Clinton of Heavey RF is More Right than Wrong 10 Years Later

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

The 21st Century Supply Chain

Dell has received more than 16,000 ideas through the site since 2007, and has implemented nearly 500 of those. by Kirsten Watson The term crowdsourcing—the process of obtaining ideas, services or information by soliciting feedback from a large group of people—has existed since 2005.

How Prepared Are You Really? Supply Chain Black Swans

The 21st Century Supply Chain

In it, Sheffi talks about the concept of a ‘black swan’, no not the risk of slightly unstable ballerinas invading your supply chain, but rather a term popularized in 2007 by Nassim Taleb that’s used to describe occurrences that are thought to be impossible. by Alexa Cheater Supply chain risk.

Supply Chain Graphic of the Week nf US Manufacturing Recovery by Sector

Supply Chain Digest

While Overall US Output is Back over 2007 Peak, There are Big Winners and Losers Across Different Industries

The Ultimate List of Top Logistics Startups – Blog

Freightos

Enough to go through every single article published in the top tech blogs – Techcrunch, Verge, Mashable and Recode – since 2007 to count how often articles about logistics startups, freight or cargo were published.

Becoming a High Performing Sense and Respond Enterprise: End-to-End Supply Chain Visibility is Key

Talking Logistics

Since November 2007, Ed’s contributions in the advancement of technology and business networks are delivering many impactful outcomes for clients. As supply chains extend globally, they become more complex.

And I thought last year’s Top 25 Supply Chain was a surprise

The 21st Century Supply Chain

by CJ Wehlage On the bus ride back to the McDowell Marriott after the 2016 Gartner Top 25 Supply Chain event, I plugged my ear phones into my cell and listened to some Pearl Jam. Their classic hit, Last Kiss, the song summed up my thoughts about the 2016 rankings.

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

Since November 2007, Ed’s contributions in the advancement of technology and business networks are delivering many impactful outcomes for clients.

10 Books Logistics And Supply Chain Experts Need To Read

Freightos

2007). There are tens of thousands of books about logistics and supply chains. Literally. Amazon has 31,817 books about supply chain and 24,934 about logistics. That’s 56,751 supply chain and logistics books.

A Fireside Chat with John Sculley, Apple’s former CEO

NC State SCRC

Let’s imagine we are back in 2007 – and Kodak was focused on a project which sought how to compete with Wal Mart in a single use camera taking market share away from their camera. In 2007, Apple launched the I-Phone.

Why Hasn’t the Music Industry Supply Chain Responded to the Vinyl Resurgence?

The 21st Century Supply Chain

In the United States of America, in 2015, 12,000,000 new LPs were sold, up from 1,000,000 in 2007 (Source: Wikipedia ).

Loser of Q2 2014: Aston Martin

Supply Chain Movement

The manufacturer of luxury sports cars which is often associated with James Bond is recalling three quarters of all the models built since November 2007 because the plastic used by one of its suppliers does not meet quality standards.

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Operational Excellence: Streamlining the Warehouse Layout Process

Talking Logistics

Jason Minghini joined Kenco in 2007 as a senior logistics engineer, and served as director of operations. Companies moving into new warehouse space need to take an honest assessment of their current and expected business to maximize their operations.

A Brief Commentary on the Future of Delivery

Talking Logistics

Because Uber didn’t exist in 2007 (the company was founded in 2009) and the original iPhone, which revolutionized the smartphone and ushered in the app economy, was barely three months old. I’m heading back home today from the MercuryGate Velocity 2017 user conference in Las Vegas. I arrived Sunday night, and being on east coast time, I went to bed relatively early. At 12:30 am, a loud alarm went off in my room announcing that the resort (The Cosmopolitan) was being locked down.

Can Co-opetition Save your Company?

Elementum

The difference between BlackBerry in 2007— with a net worth of US $40B and BlackBerry in 2013—willing to be sold for a measly a tenth of its 2007 figure—has a lot to do with a failure to identify and deal with its competitors in the correct way. In 2007, it released the Kindle.

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

A Demand-Driven Value Network as defined by AMR Research in 2007: A network that senses demand with minimal latency to drive a near real-time response to shape and translate demand. It was an early morning. I cradled my cup of tea in my hand. It had been a long night.

Sparking a New Conversation: Let’s Build a Network of Networks

Supply Chain Shaman

When I was an analyst at AMR Research in 2007, I tracked thirty. Today’s supply chain is inside-out. Companies wait and process orders. They cannot sense and respond to demand. It is a struggle. The processes are largely batch and out-of-cadence with the markets they serve.

The Changing Face of Manufacturing: How US Manufacturers are Looking Homeward

Cerasis

In July 2007, the price of natural gas rose to an astronomical $14 per MMBtu. This is the first post in a two part series on the “Changing Face of Manufacturing.”

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The Impact of SOLAS on Ocean Shipping and Data Management

Talking Logistics

Still, the requirement is not new and has been under development for a number of years following a milestone vessel collapse in 2007. The Regulation’s Impact on Ocean Shipping and Data Management.

Another Round of Senior Management Re-Alignment for SAP

Supply Chain Matters

Shai Agassi similarly departed the chief technologist role in 2007 under sudden circumstances. Supply Chain Matters has often pointed out to our readers that bad news from industrial and information technology firms often come on the weekend when readers and interested parties are occupied with mostly personal matters. And so it was this weekend as yesterday, global enterprise software provider SAP AG announced another stunning announcement regarding executive re-alignment.

It Ain’t Easy Being Easy!

Supply Chain Insights

Full collaboration in real time between buyers and reps – We have come a long way from the 2007 “New Ways of Working Together” project between Oracle, Wegman’s and J.M. The level of sophistication in the consumer chain has advanced a thousand-fold in the past decade alone.

Top 25 Supply Chains Pt. 1: Masters category

The 21st Century Supply Chain

As quickly as Apple rose up the ranks to #2 in 2007, there could be changes that force the rankings to adjust. by CJ Wehlage On May 29, 2014, I posted a blog about the Top 25 Supply Chains predictions for 2015.

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Ooh, Scary Stuff, Kids. Tales from the Supply Chain Crypt.

The 21st Century Supply Chain

By 2007, after various delays and issues – Walmart changed its RFID strategy. by Teresa Chiykowski Warning: This blog post isn’t for the faint of heart. In fact, I should include a PG-13 rating on it.

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Larson et al 2007 indicated that, based on a literature review, there are 4 types of interaction as below, Reproduced from Larson et al 2007. (1) NAVIGATE. Basics. Case Studies. Graphics. All Posts. About. Copyright. Privacy. Blogroll. Origin of Logistics & Supply Chain Revealed!

Nine Myths of S&OP Technology Selection

Supply Chain Shaman

When I wrote a summary report at AMR Research in 2007 and 2009, there were two or 6% of the market. Sales and Operations Planning (S&OP) is in a renaissance. The reason? With growth slowing and complexity rising, S&OP is more important than ever.

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