Fraud Detection Techniques for Safeguarding Supply Chains
Employing effective fraud detection techniques is crucial for organizations to safeguard their supply chains. Techniques such as data analytics, machine learning, supplier screening, invoice verification, whistleblower hotlines, audits, collaboration, and continuous monitoring enable the early detection of fraudulent activities. By implementing these techniques, businesses can mitigate financial losses, protect their reputation, and maintain the trust of their stakeholders in an increasingly complex and interconnected business landscape.