Supply Chain Fraud

According to the Australian Research Council, fraud costs the Australian economy at least $3 billion per year; and the number of fraud incidences within the Australian economy is increasing.

Information about Supply Chain Fraud

The ARC reports that Australian entities are ill-prepared to detect and prevent fraud against their businesses with very few developing or implementing any form of fraud control strategy. The growing use of the Internet by organisations for electronic commerce increases their exposure to fraudulent activities. Inevitably much of the cost of fraud is passed on to the customers and the community at large.

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