Category Archives: News

There is an excellent report titled, ‘Report to the Nations on occupational fraud and abuse’ published by the Association of Certified Fraud Examiners. It is directly relevant to auditing and directing the engagement and management of your suppliers and contractors.  The “corruption scheme” category addresses  activities in which an employee misuses his or her influence in a business transaction […]

This IT procurement involved replacing the existing integrated control system (ICS) and its computer components for the Montreal metro lines. The audit report argues that replacing the computer components was justified by their obsolescence. It would, from a risk point of view, be interesting to know what the supplier’s contractual obligations were for component obsolescence […]

We regularly encounter failures in contract management. The problems are not focused on any type of organisation or what they purchase. A report to the Montana Legislative, “Contract Management- Department of Military Affairs”, reference 11P-06 is enlightening. All contracts designate a contract liaison. This person serves as the department’s representative for the duration of the contract […]

Procurement decisions have the potential to create serious risks for a buying organisation. Allianz, the global business insurer identified supply chain risk as the #1 challenge in 2014 for risk management professionals. Not a surprise with the changes in business structures of the leading Fortune 500 – their businesses are growing through extended supply chains, with plateauing or shrinking […]

Brian Farrington Ltd are proud to announce that we are supporting the International Festival for Business this summer in Liverpool. “This is a great opportunity for all businesses involved to connect with other businesses (potentially clients, partners and suppliers) nationally and internationally. The Brian Farrington team have organised a number of events throughout the festival […]

A recent audit report[1] raises a series of issues for procurement professionals, no matter the country in which they are located. A key issue is the trust placed in suppliers (providers as they are referred to in the report). The report pronounces, ‘DPW’s past practice of trusting the providers to ensure compliance with applicable laws, […]

In a sample of 100 buyers it is probable that >70% will not have heard of the ‘Most Favoured Nations Clause.’ Some will have heard of price matching clauses but are likely to be hazy about the detail. We’ve got for you here – a brief case study that step by step explains the importance […]