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. In terms of supply chain fraud, supplier metrics and the vendor scorecard are useful tools in determining suppliers that may be putting the organization “at risk�. An Introduction to Supply Chain Fraud.

Budgeting For the Repercussions of Supply Chain Fraud

Supply Chain Network

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. The ramifications and costs of supply chain fraud can leave your organization left hanging for dear life. Other articles in this series: An Introduction to Supply Chain Fraud.

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Dreaded Shrinkage: Bottomless Pit or Grave?

Supply Chain Network

Other articles in this series: An Introduction to Supply Chain Fraud. Supply Chain Fraud and Sarbanes-Oxley. COSO – Sarbanes-Oxley and Supply Chain Fraud. Definition of Supply Chain. Who’s Involved in Supply Chain Fraud? What Are the Causes of Supply Chain Fraud? Where Does Supply Chain Fraud Happen? Assessing the Impacts of Supply Chain Fraud.

Staples and its partners get full visibility with RFID

Supply Chain Network

Together with its supply chain partners, this retailer of office equipment and supplies has embarked on a unique RFID pilot project. Falling in are other members of the SCN, including Unisource, UPS Supply Chain Solutions, ACCO Canada Inc., From Purchasing b2b: One thing is for certain, RFID has been talked about enough—in the media, at trade shows and industry conferences.

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

EcoVadis

At the same time, there are important “performance gaps” in implementation, as highlighted by a complementary survey of chief executives participating in the Global Compact: 59 per cent of CEOs said corporate responsibility should be embedded into global supply chains, but only 27 per cent think they are doing so.

Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

As I shopped at Best Buy for office supplies, I struggled to not think about the massive disruption of electronics supply chain. The Sam’s Club and Costco shortages of water, toilet paper and laundry products signals one thing for me: the spread of the virus will disrupt every supply chain. As markets shift, supply chains struggle to adjust. The order is a poor proxy for demand and few supply chains have access to consumption data.

Supply Chain Graphic of the Week on US Manufacturing Output still Below 2007 Levels

Supply Chain Digest

Index from Federal Reserve Shows US Production also Below Baseline 2012 Numbers Since March

VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

Financial balance sheet improvements cannot be driven by traditional supply chain processes. In the words of a supply chain leader yesterday, “Lora, please give me stories of success. I will write the case studies here, and share the dialogue with the supply chain leaders in our podcast series, Straight Talk with Supply Chain Insights. When I first met Nick, he was driving a supply chain transformation at VTech Communications.

Horsemeat Supply Chains

SCM Research

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. However, the horsemeat scandal is just another example to reveal that food supply chains got out of control. The more complex supply chain systems become, the less controllable they seem to be.

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Frequency of “Supply Chain” in Books

SCM Research

The following Google Ngram Viewer graph shows the frequency of the terms “supply chain”, “logistics” and “procurement” in books published between 1975 and 2008. It turns out that the use of the term “supply chain” accelerated in the late 1990s and took over “logistics” in 2007. Practice Research Logistics Procurement Supply Chain Management

3 Ways Crowdsourcing Is Revolutionizing Supply Chain Management

Kinaxis

Here are three ways that crowdsourcing is revolutionizing supply chain management today—and in the future. Amazon consistently ranks on or near the top of lists touting the best supply chains—and for good reason. Amazon’s achievements in supply chain management have led consumers to establish an incredibly high bar for timely and accurate product delivery. Where else do you see crowdsourcing having an impact on supply chain management?

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

Cerasis

However, one thing that should come to mind is the prowess of the retail giant’s supply chain excellence. million employees without a focus on good supply chain management. Not only has Walmart excelled over the decades in traditional supply chain management but with recent news as of late, Walmart is also focused on continuous improvement by investing more into emerging technologies to capture more of the e-commerce market as well as a focus on sustainability.

Staying Ahead of Supply Chain Paradigms – LogiSYM September 2020

The Logistics & Supply Chain Management Society

What are areas that are relevant to supply chains where new paradigms are possible? Covid-19 has demonstrated the power of integrated, intelligent and interactive supply chain networks. Companies can create digital supply chains and digital supply chain services, and, hence, advantage. Today’s supply chains are complex networks geared towards highest efficiency and the production of highly sophisticated products.

Top 25 Supply Chains Pt. 1: Masters category

Kinaxis

by CJ Wehlage On May 29, 2014, I posted a blog about the Top 25 Supply Chains predictions for 2015. The 2015 Top Supply Chains were #1 Amazon , #2 McDonald’s, #3 Unilever. As it is explained in the Gartner report , a “Master” is a supply chain that “consistently had top five composite scores for at least seven out of the last 10 years”. As quickly as Apple rose up the ranks to #2 in 2007, there could be changes that force the rankings to adjust.

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

Kinaxis

Often, unexpected events such as suppliers failing to deliver, software glitches and even Mother Nature can wreak havoc with even the best supply chains. On average “supply chain disruptions can reduce shareholder value by 7%, with disruptions affecting stock prices even before formal announcements or coverage of impacts.”. By 2007, after various delays and issues – Walmart changed its RFID strategy. Have you got scary supply chain stories to share?

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

Supply Chain Leadership Driving Industry 4.0 & Resilience During Crisis – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Whilst the COVID-19 pandemic spreads across the world, it is vital for organisations to ensure a reliable supply of products and services. Lockdown of cities and manufacturing plants have significantly impacted many industries’ supply chains. Leadership in Supply Chain.

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

Kinaxis

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. So, the supply chain version of Last Kiss would go something like this…. “Oh Oh where, oh where, can my supply chain be? So I can get my supply chain back to reality”.

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

Secondly, even though internal integration can be achieved through executive command, external supply chain partners – customers, suppliers and service providers – have their own way of doing business and won’t change their processes. Supply Chain Operating Networks offer a level of sophistication missing in EDI and typical B2B networks. Supply chain operating networks are real game changers.

2020 Requires Big Wings and Feet

Supply Chain Shaman

After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The focus is on the role of supply chain finance in driving supply chain excellence. They are attempting to learn the supply chain; but to most, it is an enigma. The supply chain is a complex non-linear system.

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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Sales and Operations Alignment: Often The Missing Link

Supply Chain Shaman

I first met Shane in 2007 at the beginning of his work with Syngenta’s value chain. Seldom do I see a commercial leader transition to supply chain, and I wanted to gain his insights. In 2007, Shane Emms was asked to take a Global Supply Chain leadership assignment at Syngenta. With a career in marketing, and very little understanding of supply chain, he was afraid that his new team would ask, “What does this guy know?”

We Need Supply Chain Immunity, not Resiliency: A Position Paper

NC State SCRC

The paper is an attempt to create some logic in the fact of the chaotic healthcare supply chain events currently underway. Resilience is often one of the first things to emerge in any debate on how we arrived at the point we are today in the COVID-19 pandemic, especially as it applies to supply chain management. Supply chain resilience generally means the ability to manage risk and be best positioned to respond and even gain advantage from disruptions (Sheffi, 2007).

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

Talking Logistics

As supply chains extend globally, they become more complex. The flow of supplies, finished goods, and information are widely distributed, presenting significant challenges across a manufacturer’s entire supply chain network of customers, suppliers, and logistics providers. For success, companies need to gain visibility into this complex supply chain network to collectively sense and properly respond to changes in supply and demand.

Using Supply Chain Systems Specialists to Complete Your Project

Veridian Solutions

Supply chain systems specialists help supply chain leaders select, implement, and complete supply chain technology projects faster. Supply chain leaders faced with a new software implementation process need to know why supply chain systems specialists are valuable and how they add to ROI through better optimization efforts and use of system functions. Supply Chain System Upgrades or Implementations May Come With Steep Problems.

Segmenting Supply Chain using Portfolio Matrix (2x2 Matrix)

Supply Chain Opz

Segmenting Supply Chain using Portfolio Matrix (2x2 Matrix). Supply Chain Segmentation is the planning process that links a corporate strategy to the executions. This article will show you how to use a simple 2x2 matrix system to segment supply chain with examples across various functions. In 1983, Peter Kraljic wrote the article " Purchasing Must Become Supply Management " for Harvard Business Review. Fisher Supply Chain Matrix.

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Major Trends Impacting the Pharmaceutical Supply Chain Ecosystem

Supply Chain View from the Field

The issues supply chain executives face in this environment are significant, but also represent opportunities for those who know and think about how to embrace this complexity. Looking at global figures, growth in the consumption of drugs has increased 32 percent from $735 billion in 2007 to $965 billion in 2012, and consumption is projected to reach about $1.2 Supply chains have gone from local to global.

Global Cargo Monitoring / Cargo Tracking: Greater Globalization.

Global Trade Management

Monday, 19 November 2007. This trend raises critical challenges for international supply chain, quality control, traceability and logistics management. At the same time, considerations on these advantages have to be balanced against higher logistics costs, supply chain fulfilment and supplier management risks. I am a big supporter of supply chain management, particularly when it comes to security. Wednesday, November 21, 2007 2:44:00 pm.

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Global Cargo Monitoring / Cargo Tracking: Compliance with.

Global Trade Management

Thursday, 22 November 2007. Compliance with these regulations requires end-to-end visibility, accurate and timely data capture, custody audit trails and effective control of traders’ global supply chain. ▼ 2007. (4). Networked Supply Chains Require Better Visibility. Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990.

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Global Cargo Monitoring / Cargo Tracking: The Inspection Chimera

Global Trade Management

Wednesday, 28 November 2007. ▼ 2007. (4). Networked Supply Chains Require Better Visibility. 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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Why Hasn’t the Music Industry Supply Chain Responded to the Vinyl Resurgence?

Kinaxis

However, one thing that we need to really think about is this: If people want to buy LPs, what is the established supply chain to get the LPs produced, packaged, and shipped to these listeners? And also, if more and more people want to buy these new LPs, how can the supply chain change to accommodate the increased demand? In the United States of America, in 2015, 12,000,000 new LPs were sold, up from 1,000,000 in 2007 (Source: Wikipedia ).

Have You Given Your Planner Love Today?

Supply Chain Shaman

The most unloved employees in the back office are supply chain planners. As supply chain leaders, I would encourage you to send each of them some love for Valentine’s Day. Each year, when we complete our annual talent survey, we note greater and greater dissatisfaction within the role of supply chain planners. Some Thoughts: Supply chain management is heady stuff. Characteristics of High-Performing Supply Chains.

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. Supply chain executives were under pressure to develop more efficient, customer-centric supply chains while finding innovative ways to reduce costs and enable growth. Strategy 5: Embed sustainability into supply chain operations.

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

Friends with Fitbits: Fitness Tracking and Taking Supply Chain Planning to the Next Level

Talking Logistics

What does this have to do with supply chain planning? In supply chain planning, we are driven by metrics. We appreciate the motivation and performance-enhancing aspects of direct and immediate feedback in our personal lives like the fitness tracker on my wrist, so why should we expect any less from our planning in our supply chain? Ron joined Quintiq in 2007 and leads a marketing team that focuses on global campaigns, partners, and analyst relations.