Know Your Vendor overview and best practices Modern businesses face quite a few risks associated with an overwhelming number of financial transactions, where every single one of them presents a potential risk. So, what’s the best way to identify suspicious transactions on time, when you have to deal with the large number on a daily basis?...
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Basic Tips for Supply Chain Optimization. Keeping a track of your orders from the moment you initially contacted the suppliers through the point of delivery can be quite a challenge for any organization. It comes without saying that creating purchase orders and sharing them with the suppliers from one centralized place directly and efficiency is essential for managing a successful Procure-to-pay operation....
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t doesn’t mean that you will inevitably face it, but it is always better to be aware of the dangers that are out there. Businesses that are new to dealing with Chinese Suppliers and those that perform their buying or selling activities in China from a distance, without a real presence in the Chinese market, are most vulnerable to fraudulent practices....
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Using a vendor Portal to de-risk your supply chain. A supply chain is a living business organism, which inevitably has to go through periods of intense disruptions or high risks, every now and then. According to the findings of the Zurich Global Insurance Group in 2011, more than 85% of companies, which took part in the survey, experienced the consequences associated with the supply chain...
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