Welcome Friday, September 03, 2010
Governance
Procurement needs good governance. In the early 2000s a number of scandals hit the headlines, the culmination of which led to increased shareholder and governmental interest in corporate governance and the passing of the Sarbanes-Oxley Act (SOX) in 2002.
SOX affects US public companies and non-US companies with a US presence. It has a direct effect on procurement departments as it mandates that organisations comply with a wide range of financial management and reporting requirements. Companies need visibility into their spend management processes, an ability to track performance, as well as full oversight of financial records.
Good governance across procurement can be costly in terms of resources, but procurement leaders will view it as an important basis to increase business performance, reduce risk and make headway in combating the perennial problem of dissident spending..
GOVERNANCE NEWS
- Spotlight: Apple fraud case highlights growing problem for procurement
Thu, 02 Sep 2010 10:33:57 - Deregulated electricity offers US firms 'substantial savings'
Thu, 02 Sep 2010 09:33:25 - HP pays $55 million to end procurement fraud probe
Tue, 31 Aug 2010 09:49:13 - Apple suppliers hit back at kickback payment allegations
Tue, 17 Aug 2010 09:17:58 - Apple procurement manager arrested on corruption charges
Mon, 16 Aug 2010 15:10:43
GOVERNANCE COMMENT
GOVERNANCE ARTICLES
- Case Study: BASF’s management of the impact of recession
Tue, 29 Jun 2010 09:13:57 - Procurement identified as key instrument for beating UK deficit
Fri, 25 Jun 2010 13:26:30 - Roundtable: Linking process to outcome, New York
Mon, 14 Jun 2010 10:34:34 - Eliminating complexity in Whirlpool’s supply chain
Thu, 11 Feb 2010 15:04:50 - Roundtable: Business alignment, London
Thu, 11 Feb 2010 10:35:14
GOVERNANCE PRESENTATIONS
How Corus Group created value through cross-functional collaboration
In this case study Kees will highlight how Corus Group captured £200M of TCO savings through excellent cross-functional collaboration creating a significant impact on the company’s bottom line.
How cross-functional collaboration can help you to deliver year-over-year efficiencies and achieve Procurement Excellence
In C-level suites and boardrooms around the world, procurement is increasingly viewed as a strategic function. As CEOs and CFOs are coming to understand supply chain’s impact not only on the bottom line but in addition on the top line, cross-functional collaboration has never been more important.
GOVERNANCE OPINIONS
- Inside View: Is bribery wrong, or just part of doing business?
Tue, 29 Jun 2010 09:26:02 - Network View: Facilitating cost savings
Wed, 10 Feb 2010 14:52:50 - Economic view: Emerging markets key to post-recession progress
Wed, 10 Feb 2010 12:16:33 - Economic View: Europe faces grim reality
Fri, 18 Dec 2009 15:47:11 - Inside View: The psychology of procurement
Fri, 18 Dec 2009 14:37:13
GOVERNANCE RESEARCH
- Called to the front - Driving procurement success by leveraging the economic downturn
Mon, 05 Jan 2009 14:28:16 - Moving Forward: The evolving role of procurement
Sat, 02 Dec 2006 12:42:48
