Fraud comes in many forms but can be broken down into three categories: asset misappropriation, corruption, and financial statement fraud. Asset misappropriation, although least costly, made up 90% of all fraud cases studied. These are schemes in which an employee steals or exploits its organization’s resources. Examples of asset misappropriation are stealing cash before or after it has been recorded, making false expense reimbursement claims, and/or taking non-cash assets of the organization.
International shipping opens your business to new markets and exciting growth possibilities. However, you need to make sure you understand the rules and regulations of exporting and importing, and crucially, you need the proper shipping documents.
Healthcare systems need to do a better job in those areas of spending they can control, such as sourcing. Management often succumbs to pressure from physicians and suppliers, but if they take a detailed look at wasteful spending, they can respond to those pressures in a positive, educated way. Two areas ripe with this kind of potential are “physician preference” and “clinical preference” items. Physician and clinical preference items are those high-cost items that often have lower-cost, functional equivalents on the market, but that physicians or clinicians have come to prefer through training, familiarity or habit.
These are internal challenges many of mid-sized and large organizations are facing. And that is not the only thing. At the same time, many external developments are taking place: of course the pandemic with their impact on the economy, restrictive governmental regulations and continuously increasing competition. This means that their market position and revenues are at stake and the team morale is lowering. Mediocre companies cut budgets and initiatives, and lower prices. A few excelling companies use ‘downtime’ to shake things up and choose for a ‘change management’ program to boost the internal drive and productivity.
Most leaders are aware of the importance of Digital Transformation but many organizations struggle to get it right. The success of Digital Transformation lies in defining a coherent strategy (linked to real business outcomes),adapting the right organizational culture (mindset) and execute relentlessly with digital-savvy talents and business partners (skillset).
The objective of this two-day programme is to highlight on how Procurement personnel can help to increase productivity and achieve savings through effective purchasing. Participants will be taught on the basic principles involved in procurement, purchasing, sourcing and evaluation of vendors, control of quality and get the grasp on the techniques involved in negotiation. This course aims to provide all procurement and purchasing personnel with knowledge to make them efficient, effective and ultimately to purchase materials and services at the best price without sacrificing quality and service.