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August 2012


 

What Is Fraud?

 
 
According to www.dictionary.com, the definition of "fraud" is:
 
Deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage. 
 
What I find so truthful about this definition is that it speaks of fraud as a "breach of confidence".  Breaches of confidence can exist between people, whether in a personal or professional relationship (e.g. employer-employee, supervisor-subordinate). 

Confidence can be breached between supply chain partners otherwise known as customers, vendors (of sellable goods), and suppliers (of materials and services).  

But breaches of confidence can also occur between software systems and between the connective steps in business operations.
 
Regardles of whether the supply chain activities are limited locally or stretch globally;  no matter whether perpetrated internally or externally by employees, customers, vendors, or suppliers; the ability to detect and reduce supply chain fraud is achievable for many enterprises.  The same supply chain systems used to analyze performance can be used to detect and ultimately reduce fraud.

 

 
 
If there was fraud in your supply chain,
how would you know?
Book Reviews & Videocasts Detecting and reducing supply chain fraud requires collaboration across the enterprise.  Contact me to help you gather your resources and manage this effort.

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