SupplyChain Magazine December 2016 | Page 14

DO YOU KNOW exactly what your business is spending money on ? It might seem like a strange question , but according to an AmeriQuest Business Services survey , an alarming amount of companies cannot answer it . They have no purchasing strategy in place , or if they do , they don ’ t have a strict policy that ensures personnel are sticking to it . This leads to what Reggie Peterson , Director of Indirect Supply Programs at AmeriQuest , calls ‘ dark purchasing ’, where there is no real accountability for what employees are buying , which can put corporations at risk of supply chain hacking , as vendors are not going through an approval process .
TECHNOLOGY

DO YOU KNOW exactly what your business is spending money on ? It might seem like a strange question , but according to an AmeriQuest Business Services survey , an alarming amount of companies cannot answer it . They have no purchasing strategy in place , or if they do , they don ’ t have a strict policy that ensures personnel are sticking to it . This leads to what Reggie Peterson , Director of Indirect Supply Programs at AmeriQuest , calls ‘ dark purchasing ’, where there is no real accountability for what employees are buying , which can put corporations at risk of supply chain hacking , as vendors are not going through an approval process .

Although linked to dark purchasing , hacking is a serious issue also caused by other weak points in the supply chain . Data breaches can be a major problem for corporations , as retail giant Target found out back in 2014 when details of over 70 million customers were hacked . And how did the hackers get access to this data ? Via the supply chain , as Peterson
14 December 2016