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Image via Flickr by Global Panorama The Apple Watch hasn’t made its debut yet, but many believe it has already cornered the market on smart watches. Why? Because everyone anticipates that the Apple Watch will be more functional and fashionable than any other smart watch already on the market. Everyone is eagerly awaiting for the…
Image via Flickr by Rubber Dragon PetroSA, South Africa’s national oil company, has fallen under investigation by its parent company, Central Security Fund and South Africa’s department of energy for a series of ongoing inappropriate procurement procedures. Though a full investigation is underway and few details have been released to date about the indiscretions, here’s…
Image via Flickr by Eva Renaldi Celebrity and Live Music Photographer ASOS.com is an online fashion retailer, offering 60,000 products, including womenswear, menswear, footwear, accessories, jewellery and beauty. They offer both brand names and own label merchandise. The retailer rolls out about 1,500 new product lines per week. They service 6.5 million active customers, with about…
Image via Flickr by Los Amigos Del Fuego It’s unclear whether global instances of procurement fraud are actually on the rise or if law enforcement has just become more vigilant in catching and prosecuting these criminals. Whatever the answer, there have already been many significant cases of procurement fraud identified worldwide in 2013. Here is…
Image via Flickr by Gene Hunt In supply chain management, shortages and disruptions are typically the biggest concerns. A surplus in the supply chain is just as risky in most industries, however, and can create instability throughout the market. Sustainable supply chain management strategies can combat surplus risks while also improving the standard of living.Oops!…
Image via Flickr by Marcin Wichary While a company is small, procurement is simple. As the organization grows, however, the process gets muddled and becomes less efficient. For example, the federal government has grown to the point of inefficiency at which it spends $800 per American per year on goods and services! If your procurement…