Procurement Excellence in Global Sourcing

Venue: Grand Copthorne Waterfront Hotel

Location: Singapore, Singapore

Event Date/Time: Jul 06, 2012
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With rapid globalization, companies with worldwide operations seek opportunities to cut down overheads by sourcing globally. Procurement department is no longer just a functional operating department that procures goods and services, but serves as a driver for organizational excellence.

With a growing number of companies using suppliers across the border, it is essential to establish robust procurement procedures and also understand the legal aspects of global sourcing.

While cost savings can be attractive, the financial risks may be greater and a company’s reputation and brand name may be put at stake. What companies may not realize is managing procurement fraud and corruption risks in Asia may require a distinctly different approach.

With more countries stepping up enforcement on local anti-corruption laws; U.K. enforcement of The Bribery Act 2010 and U.S. enforcement of the Foreign Corrupt Practices Act, which lead to record fines and penalties, the risk of significant financial and reputational damage from procurement fraud and corruption may now be greater than ever.

Procurement Excellence in Global Sourcing is a one-day conference which will provide you with a succinct view of global sourcing best practices, legal issues and fraud risk management with an Asian perspective. Be sure to catch Asia’s leading practitioners as they reveal successful case studies in overcoming procurement challenges today.