Strategic Sourceror

OCTOBER 27, 2022

Caused by a variety of factors that prevent stores from selling their merchandise — such as employee theft, return activity, shoplifting and more — shrinkage costs retailers a combined $94.5 But with return fraud becoming more common place, you may need to be more selective with regard to money back guarantees.

Strategic sourcing 57

Strategic sourcing Strategic sourcing Purchasing Procurement 57

Planergy

MAY 30, 2023

In this blog post, we will discuss some of the basics of travel and expense management and some best practices to make your life a little bit easier. The goal of T&E management is to ensure that employees only spend money on essential expenses while on business trips. What Is Travel and Expense Management?

Real-time Visibility 52

Real-time Visibility Management Purchase orders Purchasing 52

ivalua

MAY 21, 2020

This article was originally posted on the SIG blog. During our interview, she shared with us her thoughts about how leaders must draw on different skills and traits when unexpected circumstances arise, and how the COVID-19 pandemic is inspiring them to employ different leadership styles to unite and motivate employees.

Leadership 130

Leadership Eprocurement supply chain software solutions Supply Chain Efficiency 130

Supply Chain Game Changer

APRIL 22, 2021

While there are not so many global payment systems, they all do their best to avoid fraud and other crimes that always tend to happen where the money is. One of the most popular ways of criminals using legal breaches in the system is chargeback fraud. Play fair with your employees. PCI DSS and Other Strange Letters.

Supply Chain Efficiency 97

Supply Chain Efficiency Data Purchasing Supply chain 97

Planergy

JULY 14, 2023

In this blog, we’ll explore what P-Cards are, how they work, and their pros and cons. They are designed to enable employees to make purchases using a single credit card instead of going through the traditional procurement process – submitting purchase requisitions , receiving a purchase order , and processing payments.

Purchasing 52

Purchasing Purchase orders Strategic sourcing Strategic sourcing 52

IBM Supply Chain Blog

FEBRUARY 13, 2024

In addition, Well-developed prompts and inputs direct generative models to output creative content for emails, blogs, social media posts and websites. Business and employee management : In customer service, generative AI can be used throughout the call center. Existing content can be reimagined and edited using AI tools.

Data 127

Data Ethics Quality Project management 127

Barkers Procurement

SEPTEMBER 11, 2023

Automation can free up employees to perform other tasks instead or use the technology to complete tasks quicker than before. Not only this, but the use of technologies to liberate employees from tasks that might be mundane or laborious will have the benefit of motivating your procurement team and making the employees feel more valued.

Procurement 52

Procurement Procurement team Procurement strategies Budget 52

Empowering CPO

MAY 5, 2023

Objective of the Blog: Exploring Digital Transformation in Procurement This blog aims to delve into the world of digital transformation in procurement, examining how cutting-edge technologies can be leveraged to enhance efficiency, reduce costs, and drive better decision-making.

Supply Chain Efficiency 52

Supply Chain Efficiency supply chain budgeting Procurement Real-time Visibility 52

Supply Chain Game Changer

AUGUST 24, 2022

Taxes are not a small problem and individuals that under-file their required taxes or miss out on provisions can become burdened financially and may even suffer from prosecution by the state for willful tax evasion or fraud. Managing Employee Taxes. Social security tax (an employer is liable to pay upwards of 6.2%

Inventory 89

Inventory Supply chain Management Sourcing 89

Supply Chain Game Changer

NOVEMBER 1, 2021

It refers to what a company does to acclimate a new employee when they start working for that business entity. A company conducts offboarding if an employee is no longer going to work there, and that business entity needs to sever ties with that individual as neatly as possible. They don’t want to overburden the new employee.

Supply chain 82

Supply chain Supply 82

Zycus Cognitive Procurement

MARCH 3, 2022

Lack of employee engagement can lead to serious delays or even failure of your initiative. Ensure that the employees involved fully comprehend how beneficial this can be for them and what benefits they’ll gain by participating in the implementation process. #2 No longer is it enough to simply detect fraud in a reactive fashion.

Data 40

Data Risk Import Quality 40

Zycus Cognitive Procurement

NOVEMBER 11, 2021

But recently, the pandemic added to these woes and proved that, the ways in which many Accounts Payable teams still operate are not just dated and costly, but may also put the health and safety of employees at risk. But implementing fraud controls is difficult to accomplish in a manual AP department.

Risk 40

Risk Data Suppliers Management 40

IBM Supply Chain Blog

FEBRUARY 6, 2024

Having sound disaster recovery plans in place helps reassure customers, employees, business leaders and investors that your enterprise is being run soundly and is prepared for whatever it faces. appeared first on IBM Blog. Data breaches, a common result of cyberattacks, can be especially damaging.

Data 99

Data Strategy Risk Networking 99

Planergy

FEBRUARY 9, 2023

To travel for work-related purposes, employees often need to submit a travel expense report detailing their costs. In this blog post, we will discuss what a travel and expense policy is, provide an example template, and outline some best practices. Fraud prevention. What percentage of employees travel?

Purchasing 52

Purchasing Purchase orders Management Budget 52

Barkers Procurement

JULY 25, 2023

By not monitoring how employees, suppliers and other relevant parties are complying with the rules for spend management and with the terms and conditions of agreements, organisations are exposing themselves to a host of risks. Compliance protects organisations from fraud, corruption and rogue spending.

Procurement 52

Procurement Procurement team Spend management Supply Chain Efficiency 52

Supply Chain Game Changer

AUGUST 30, 2022

You want your company to develop, so you’ll focus on improving your market strategy and training your employees so that you can receive maximum success rates. It helps you steer clear from fraud and is also vital in complying with the laws. It also works faster and helps employees get to the bottom of the issue faster.

Supply Chain Efficiency 87

Supply Chain Efficiency supply chain software solutions supply chain budgeting Supply Chain Optimization 87

Supply Chain Game Changer

MARCH 12, 2021

If you’re not the only one using the credit card in your company and your employees have their own issued business credit cards, it’s always smart to keep track of every purchase. It also categorizes spending and organizes it by employee usage. Credit card fraud is a common issue among credit card users. Pay your bills on time.

Purchasing 71

Purchasing Supply Chain Efficiency Management Supply chain 71

IBM Supply Chain Blog

JULY 7, 2023

But the loss of personal information in a data breach can also have significant consequences on an individual, including financial loss, identity theft, other fraud, emotional distress and even damage to reputation. Insider threats include current and former employees, customers or partners, and accidental breaches by employees.

Data 40

Data Real-time Visibility Risk Import 40

IBM Supply Chain Blog

FEBRUARY 23, 2024

HR and internal processes: Conversational AI applications streamline HR operations by addressing FAQs quickly, facilitating smooth and personalized employee onboarding, and enhancing employee training programs. Experience the power of watsonx Assistant The post Conversational AI use cases for enterprises appeared first on IBM Blog.

Ethics 107

Ethics Data Management Inventory 107

IBM Supply Chain Blog

JULY 12, 2023

During an integration process, data can be in transit in multiple places, ultimately making it vulnerable to fraud and other sophisticated cybersecurity schemes. The post CaixaBank CIO Pere Nebot discusses modernizing business operations for an enhanced, customer-centric experience appeared first on IBM Blog.

Sustainability 53

Sustainability Innovation Data Strategy 53

IBM Supply Chain Blog

OCTOBER 16, 2023

At Slack, ML powers video processing, transcription and live captioning that’s easily searchable by keyword and even helps predict potential employee turnover. ML classification algorithms are also used to label events as fraud, classify phishing attacks and more.

Data 51

Data Innovation Product development Risk 51

Supply Chain Game Changer

MAY 4, 2022

Easy detection of fraud: Fraudulent actions can be easily spotted with a continuous close. This process usually requires all hands on deck, causing employees to take on extra hours and get a higher workload. Better compliance: Employees are more eager to engage when the workload is light.

Purchase orders 93

Purchase orders Supply Chain Efficiency supply chain software solutions Purchasing 93

IBM Supply Chain Blog

JULY 11, 2023

AI and automation can perform many of those mundane tasks, freeing up employee time for other activities. Fraud prevention: Fraud in the healthcare industry is enormous, at $380 billion/year, and raises the cost of consumers’ medical premiums and out-of-pocket expenses.

Ethics 60

Ethics Data Risk Sustainability 60

Procurify

MAY 31, 2022

The UK is losing more than £137 billion to fraud each year. While these figures are alarming, the good news is that fraud is preventable. . Examples are general and administrative expenses like travel expenses, rent, insurance and employee salaries. . Track fraudulent activities . Ready to manage your records better?

Purchase orders 52

Purchase orders Spend management Inventory Import 52

Zycus Cognitive Procurement

APRIL 12, 2021

Digital signatures are like traditional handwritten signatures, except that they are less prone to fraud as compared to handwritten ones. Managing contracts and signatures for doctors, patients, suppliers, partners, and employees is crucial. The global digital signature market is projected to reach USD 14.1 Legal Services. Government.

Procurement 40

Procurement Contract Data Demand 40

IBM Supply Chain Blog

JUNE 23, 2023

With the advent of artificial intelligence (AI) , however, companies are now implementing cognitive process automation that enables self-service options for customers and agents self-service and assists in automating many other functions, such as the IT Help Desk and employee HR capabilities. as required for a “Gig Economy”).

Data 62

Data Innovation Contract Management 62

Supply Chain Game Changer

NOVEMBER 30, 2022

For example, they introduce themselves as employees of banks or government agencies, and then call the subscriber’s full name to give weight to their words. It is difficult to get rid of such calls with a blacklist because spammers use many numbers and may change them. Along with spammers, users can also be attacked by scam calls.

Risk 52

Risk Networking Supply chain Data 52

IBM Supply Chain Blog

FEBRUARY 14, 2024

Manual promotion assessment tasks can be automated, making it easier to gain important HR insights with a clearer view of, for example, employees up for promotion and assessing whether they’ve met key benchmarks. Explore IBM® watsonx.ai™ The post The most valuable AI use cases for business appeared first on IBM Blog.

Real-time Visibility 89

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 89

Supply Chain Game Changer

AUGUST 19, 2021

Phishing is a type of fraud in which a user receives a rogue email that looks like it came from a trusted source to steal personal information such as login credentials or credit card numbers. Tip: In a business setting, ensure you educate employees on cybersecurity to avoid loopholes caused by human error. Have a Backup Plan in Mind?

Import 98

Import supply chain software solutions Data Supply chain 98

Zycus Cognitive Procurement

NOVEMBER 24, 2021

For instance, AP team members may spend time examining invoices of employee purchases that were made without any approved Purchase Orders (POs). Data analysis for any anomalies such as unauthorized purchases, fraud and double payments is easy and can be done within short processing cycles. Manual follow-ups and Exception invoices.

e2e 40

e2e Purchase orders Purchasing Vendor relationships 40

ivalua

JULY 1, 2021

Employees will become suppliers, reducing employment costs on one hand, and creating working flexibility on the other (more on this topic in Part III of this series). In Part II of this blog series on payments, we will unpack how your business can leverage payment processes to become the customer of choice. Looking for your own levee?

Supply Chain Efficiency 26

Supply Chain Efficiency Agile and Lean Supply Chain Suppliers Contract 26

Supply Chain Game Changer

MAY 10, 2021

An exchange employee also commits an armed robbery; they are the most difficult of all crimes to trace. To gain control of Bitcoin, the money itself is usually not enough—one must still have technological skills.

Risk 69

Risk supply chain software solutions Supply Chain Efficiency Purchasing 69

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Reduced errors, fraud and risk. Eliminate overpayment and reduce fraud; prevent payments to unknown suppliers or missing goods: 100% compliance.

e2e 204

e2e Procurement Budget Contract 204

The Procuretech Podcast

NOVEMBER 2, 2021

Spend Matters was founded by Jason Busch in 2004 and was one of the first Procurement and Supply Chain Blogs. We do not include brand new startups with only a few employees and customers who are piloting some “minimum viable products”. We track over a dozen of them right now and are working on highlighting them in the near future.".

supply chain software solutions 40

supply chain software solutions Supply Chain Efficiency Procurement solutions Procurement 40

IBM Supply Chain Blog

SEPTEMBER 20, 2023

In one high-profile spear phishing attack , scammers stole more than USD 100 million from Facebook and Google by posing as legitimate vendors and tricking employees into paying fraudulent invoices. Phishers targeted Twilio employees using fake SMS text messages that appeared to come from the company’s IT department.

Real-time Visibility 108

Real-time Visibility Networking Data Management 108

Planergy

NOVEMBER 24, 2022

In this blog post, we’ll look at invoice reconciliation and how it can help you better handle your invoices. Not only is this time-consuming and full of error potential, which can make or break a small business, but it also makes fraud detection more difficult. You might even outsource it to a third-party provider.

Purchase orders 52

Purchase orders Management Real-time Visibility Purchasing 52

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Reduced errors, fraud and risk. Eliminate overpayment and reduce fraud; prevent payments to unknown suppliers or missing goods: 100% compliance.

e2e 147

e2e Procurement Budget Contract 147