Other result show that 29,3% of the same respondents use analytics to mitigate supply chain fraud and financial risks and 67,1% are confident that employees will report any schemes they see in the coming year.
Life sciences and health care respondents report an increase to 35% in 2016 compared to 31% in 2014, and energy and resources was 34% in 2016, compared to 27% in 2014. Technology, media and telecommunications reported a drop to 27% in 2016, from 2014’s 33%.
Additional poll results show that project managers and invoice approvers (26%) and procurement professionals (24,7%) present the largest risk of supply chain fraud, waste and abuse in respondents’ organizations. While 13,7% have analytics software, but do not use it, another 19,3% do not use analytics for supply chain financial risk management at all.
Analysis of invoices for fraud prior to payment is low. Only 27% of respondents’ organizations analyse unpaid invoices for evidence of supply chain fraud, waste and abuse prior to payment.
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