SUPPLY CHAIN FRAUD RISK MAPPING
In every organization, there is a critical need to identify fraud risks within the business ecosystem. Supply chain and procurement risk mapping has been developed to address gaps throughout the end-to-end process, and to protect raw materials and finished goods from fraud, theft or adulteration. This safe-guards companies from risks that can impact product quality, financial liability, and ultimately the brand itself.
While most established businesses today have advanced systems and technology in place for delivering a range of business processes, the issue arises when those operating the system are able to manipulate it without detection. Regular audits and monitoring systems can keep some risks at bay, but even these frequently overlook the human connection. The PARALLAXPerspective is an approach derived from years of experience in fraud-mapping and risk assessments.
We focus on the crucial yet frequently overlooked element of human interaction, where possible collusion and manipulation can occur. Through the capture and analysis of extensive meta-data, seemingly meaningless information can yield surprising insights. With in-depth audits of procedure versus actual practices, and the use of powerful tools such as link analysis and SNA, the PARALLAXPerspective shines a spotlight on the human risks for fraud, waste and abuse.