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Procurement Espresso

Battery Shock:

Lithium shortage alters
consumption pattern

Thanks to explosive growth of electric vehicles and other gadgets,
the share of batteries will continue to increase in the coming years
leaving less room for other end uses, especially Glass.

View the Infographic

What
WORRIES Procurement
PROFESSIONALS

35% of procurement professionals are worried about automation and job losses. Download the report to know what worries them the most

Download the report

Fighting fraud:

Yet another battle for travel managers

Global business travel spend, valued at $1.3 trillion in 2016,
is expected to touch $1.6 trillion by 2020

Fraudsters typically use company e-mail domains to book tickets through corporate accounts at agencies. Such transactions could lead to disputes and affect business relationships

However, only about 4 percent of large companies intend to implement advanced fraud detection tools

Business travel spend is susceptible to fraud. Travel managers who engage with external agencies need to be more vigilant

Companies that fail to make use of fraud detection techniques become easy targets for fraudsters

Corporate travel managers can make use of techniques such as fraud score modeling,negative list and positive lists to detect fraudulent transactions

To mitigate risk, corporate travel managers need to be proactive
and maintain a structural fraud prevention program.
Key focus areas include:

Reviewing suspicious bookings manually

Monitoring activities on company’s website

Prioritizing screening of high-risk and short-notice bookings

Employing comprehensive reporting processes

Traditional CONSULTING
goes the crowdsourcing way

Crowdsourcing is beginning to play a
key role in the consulting industry.

READ THE ARTICLE

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