One of the oft-mentioned worries for buyers is the financial health of their suppliers. This is not because of altruistic worrywarts occupying procurement, but a concern for delivery.
It's coming to the first anniversary of the UK Bribery Act's introduction. The Act caused a frison of fear throughout the business industry when it was introduced.
There have been many developments in risk mapping and prediction software since a 15-metre wave travelling at 800 miles an hour struck the south of Japan on 11 March 2011.
The preliminary findings of our CPO 2012 Strategy study seem to support the view that it takes few practical measures to build supply chain resilience. Typically, managers tend to rely heavily on the power of documentation and contracts to protect them.
The floods in Thailand earlier this year knocked out much of the world’s hard disk production. Intel announced yesterday that it will miss its profit targets because of the scarcity brought about by this crisis. But what can procurement do about this?
Thought Leaders is a series of regular posts from experts from across industries and regions, looking at the issues procurement faces today. In this post, Procurement Intelligence Unit research analyst Jonathan Webb looks at room for improvement in procurement’s approach to managing risk.
The world’s toughest anti-corruption legislation is to come into force in the UK this July. The law heavily penalises both the payment and receipt of bribes. It also criminalises the failure to prevent a bribe, which can result in an unlimited fine and the imprisonment of senior leadership.
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