Welcome Saturday, July 04, 2009
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
- Procurement concerns core to mining deal
Thu, 02 Jul 2009 09:20:57 - Just over half of businesses consider import duties
Fri, 19 Jun 2009 07:57:53 - China thinks local
Thu, 18 Jun 2009 07:57:30 - China slashes export taxes
Wed, 10 Jun 2009 08:52:03 - Chinese authorities boost car sales by a third
Wed, 10 Jun 2009 08:39:03
GOVERNANCE COMMENT
GOVERNANCE ARTICLES
- Will the green shoots of recovery wither?
Thu, 11 Jun 2009 17:19:10 - Exclusive research: Procurement at board level
Fri, 17 Apr 2009 15:32:10 - US anti-terrorist inspired trade regulations up and running
Wed, 25 Feb 2009 11:18:22 - BA's Tim Richardson saves £500m
Mon, 16 Feb 2009 10:53:00 - NXP CPO Peter Carlsson on restructuring
Mon, 16 Feb 2009 10:47:00
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: Morals – what morals?
Wed, 16 Apr 2008 15:33:00 - Opinion: Marketing isn’t a no-go area
Wed, 24 Oct 2007 08:54:25 - Opinion: In the driving seat
Wed, 02 May 2007 07:55:29 - Opinion: Big ideas are not enough
Wed, 01 Feb 2006 21:54:46 - Opinion: Groaning under the paperwork
Thu, 03 Nov 2005 22:21:00
