Home > Knowledge > Topics and Skills > Risk / Mitigation > Risk Analysis and Management > Supply Chain Fraud in the 21st Century

Supply Chain Fraud in the 21st Century

Fraud is the obtaining of financial advantage or causing loss by deception; the mechanism through which the fraudster gains an unlawful advantage or causes unlawful loss.

Information about Supply Chain Fraud in the 21st Century

Fraud is commonplace, wide-ranging, costly, and clearly affects the supply chain, as well as all other areas of corporate business. Fraud is also on the increase, especially with the development of IT systems and ever more sophisticated methods of perpetrating fraud.

Return to Risk / Mitigation topic.

Related concepts

Supply Chain Risk Resilience

Whilst there are a number of BSI and ISO standards developed for business continuity, risk management and organisational resilience there is no global benchmark that can be used to test...

Find out more

Supply Chain Vulnerability

Examining the vulnerability of an organisation’s supply chain network can be used to identify such risks and weaknesses and produce mitigation strategies and corrective action plans...

Find out more

Risk Management in Purchasing and Supply Management

Minimizing risk is crucial for anyone in charge of a complex system, and traditional approaches aren’t good enough (Sargut and McGrath)

Find out more