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.

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�

Staples and its partners get full visibility with RFID

Supply Chain Network

From Purchasing b2b: One thing is for certain, RFID has been talked about enough—in the media, at trade shows and industry conferences. Like a parachute jumper receiving endless instruction in the plane, there comes a time when you just have to jump. Staples Business Depot is already in the air. Together with its supply chain partners, this retailer of office equipment and supplies has embarked on a unique RFID pilot project.

A new report published by the United Nations highlights the importance of sustainable supply management for CEO’s

EcoVadis

Three groundbreaking studies by organizations such as the UN Global Compact, Mc Kinsey and Goldman Sachs presented today at the Global Compact Leaders Summit show that an increasing number of business leaders see corporate responsibility as a way to compete successfully and to build trust with stakeholders – and that sustainability front-runners in a range of industries can generate higher stock prices.

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.

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Supply Chain News on MAPI Projects US will Finally Surpass Peak 2007 Manufacturing Output in 2019

Supply Chain Digest

MAPI Nearly Doubles its Forecast of Manufacturing Growth through 2021, with Even the Apparel Sector Seeing Some Goods News

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.

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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.

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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.

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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

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Controversial 2007 Prediction that RFID Would not Replace Bar Coding in the Supply Chain Still Proving Accurate More than 10 Years Later

Supply Chain Digest

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

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

Using the Right Technology For Your Inventory Management

Supply Chain 24/7

In this article, we share five insights to answer the question of why are inventory levels in the supply chain higher post-recession than before 2007 and offer guidance to better manage inventories in a complex supply chain world

Frequency of “Supply Chain” in Books

SCM Research

It turns out that the use of the term “supply chain” accelerated in the late 1990s and took over “logistics” in 2007.

Supply Chain Graphic of the Wee on US Manufacturing Growth Finally Accelerating

Supply Chain Digest

MAPI Says US will at last Reach Peak 2007 Levels in 2019

Spring Back into Career Management - Parker CMC Networking

The UCLA Anderson Global Supply Chain Blog

It was 2007, and 50 of us traveled to Beijing and Shanghai to meet with startups, view real estate development projects, meet with Olympics officials and sing karaoke with Kenny G.  Parker CMC Networking. About UCLA Parker CMC.

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%.

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Using the Right Technology For Your Inventory Management

Supply Chain 24/7

In this article, we share five insights to answer the question of why are inventory levels in the supply chain higher post-recession than before 2007 and offer guidance to better manage inventories in a complex supply chain world

Supply Chain News on Number of Warehouse Workers Continues Significant Rise, Finally Starting to Put Upward Pressure on Wages

Supply Chain Digest

300,000 More Warehouse Jobs Since 2007, but Wages have Been Slow to Rise Until Recently

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

Out with the Old, In with the New: Technology Logistics

Supply Chain Link

The very first Apple iPhone™ was released eight years ago on June 29, 2007 1. Since then, Apple has worked tirelessly to keep the latest. Read more. 06/23/2015. Distribution. Global. Supply Chain. Transportation. Distribution, Global , Supply Chain, Transportation.

Out with the Old, In with the New: Technology Logistics

Supply Chain Link

The very first Apple iPhone™ was released eight years ago on June 29, 2007 1. Since then, Apple has worked tirelessly to keep the latest technology in the palm of their customers’ hands which included nine hardware updates and numerous software updates.

Citation of Excellence Awards 2012

SCM Research

2008): Unraveling the food supply chain: Strategic insights from China and the 2007 recalls. 2007): The severity of supply chain disruptions: Design characteristics and mitigation capabilities , and Holweg et al. Unraveling the food supply chain: Strategic insights from China and the 2007 recalls.

Supply Chain News on Recent Data Revisions from the Federal Reserve Cut US Manufacturing Growth Since 2012 in Half

Supply Chain Digest

US Manufacturing Output Still well below Peak Year 2007 LevelsNew Numbers Now Say Growth Up Just 3 Percent Since 2012, not the 6 Percent We Thought.

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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).

The State of Globalization in a Fragile World

SCM Research

In spite of growing anti-globalization tensions in many countries, the report indicates that globalization hits a new record high, as the aforementioned flows all intensified significantly for the first time since 2007. DHL has recently released the fifth edition of their Global Connectedness Index , which provides an analysis of globalization, measured by international flows of capital, trade, information and people.

How Bonobos went from DNVB startup to $310m acquisition success

TradeGecko

It was 2007 and Stanford Business School students Andy Dunn and Brian Spaly had one thing on their minds: pants. eCommerce Case studies How to

Egocentric Network vs. Whole Network Level of Analysis

SCM Research

2007), Interorganizational networks at the network level: A review of the empirical literature on whole networks , makes clear that two different views on interorganizational networks need to be distinguished: (1) the view from the organizational level of analysis (also referred to as actor level, micro-level or egocentric network level) and (2) the view from the network level of analysis (also referred to as macro-level or whole network level). 2007).

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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The Supply Chain Talent Drought

3PL Insights

The Supply Chain Talent Drought by Matt Magpantay, Evans Distribution Systems When the recession of 2007 hit the United States, it hit hard.

Horsemeat Supply Chains

SCM Research

Unraveling the food supply chain: Strategic insights from China and the 2007 recalls The Journal of Supply Chain Management, 44 (1), 22-39 DOI: 10.1111/j.1745-493X.2008.00043.x. Food supply chains are affected by supply chain trends such as globalization, consolidation, and commoditization. Supply chain managers have eagerly sought to apply textbook knowledge to these supply chains.

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Kimberly-Clark Makes Sense of Demand

E2open

For years, Kimberly-Clark relied on historical data to guide forecasts, but that changed in 2007 when the company began a complete end-to-end overhaul of its supply chain and invested.

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.

Have You Given Your Planner Love Today?

Supply Chain Shaman

It took six months for supply chain executives to sense the market downturn of 2007 and make adjustments to their supply chain. As I write this blog, Valentine cards scatter my desk. This is the week for love: a time to send cards and letters to those that we appreciate.