|
Abstract
The Sarbanes Oxley (SOX) Act calls for accuracy and
speed in reporting of financial figures. It mandates
control over the internal systems which are the origins
of these figures. The act requires reporting and analysis
of events which could have financial impact on the organization.
Sarbanes Oxley Act demands considerable effort from
retail supply chains which are characterized by multi-point
inventories, high supplier base and fragmented information
systems. SOX is just one of the several events which
has the potential to severely affect the way the current
supply chain processes work.
This white paper analyzes the supply chain risk areas
where the act can have significant impact. Supply chain
risk points are identified and a framework is suggested
to eliminate these risks. The paper proposes a supply
chain which could adapt itself to regulatory demands
like SOX and disruptions which occur with increasing
frequency.
Authors
Kannan Natarajan,
Satish Panchapakesan
To know more about Wipro in retail and logistics, go
to www.wipro.com/retail
|
