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Procurement Gone Wild! Fry’s Exec Takes Advantage of Sloppy Process

Spend management is known to prevent wasteful expenditures, but it’s rarely credited with being able to prevent crimes. However, the indictment of a Fry’s Electronic’s VP for defrauding the company and it’s suppliers of $65 million could have been avoided if the company had a procurement process in place based on managing spend visibility and [...]

This entry was posted on Friday, January 9th, 2009 at 11:16 am and is filed under Best Practices, Contract Management, Procurement, Sourcing, Supplier Management, Supply Management, legal, spend visibility, supply risk. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.