Lunch and Learn – 22 February: Introduction to Should-Cost Analysis

The team at Acquire believe that Should-Cost Models are one of the most underutilised tools in getting the most from your supply arrangements. Whether it be used as a tool for negotiating a new service arrangement with a supplier, or as a way to validate that the price your organisation is paying for an existing arrangement is fair, having the skills and know how to develop a Should-Cost Model is extremely important where capacity and capability is often sourced from suppliers.

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Event 27 Oct: Fraud in Procurement (Remember Joel Barlow?)

Last week I was discussing fraud and corruption in business in Australia with a friend who works in Kordamentha’s Forensic division.  I was staggered to find out that even in today’s world with systems with checks and balances, most businesses over $1B in revenue lose almost 10% of that amount ($100M) each year to theft.  This “theft” includes fraudulent activities, corruption, and simple theft of goods. PWC’s Global Economic Crime Survey/ Australia Report identified Procurement Fraud in the top 5 of all economic crimes, with 30% of Australian respondents experiencing this type of fraud in the 24 months leading up to the survey, 7 % above the global average.

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