Spend Matters Afternoon Coffee

Jason is speaking in Rearden's "Beyond the Basics of Supplier Connectivity and Enablement" webinar.
Rearden Webinar on Wednesday! -- This information-rich webinar will tackle topics relevant to purchase-to-pay (P2P), eProcurement and supply chain management, including: -- The pros and cons of various business models related to supplier enablement and networks -- Tricks of the trade for maximizing spend under management -- Tips for driving internal buying and supplier compliance -- Potential supplier enablement potholes to avoid during supplier on-boarding and vendor management. Wednesday, June 22, 11am PDT. Click here to register!

New study from KPMG on corporate fraud.
Fraud a major risk in senior procurement roles -- Procurement fraud and embezzlement account for more than half of all instances of corporate fraud, with senior executives the more likely to commit offences, a new study by KPMG claims. The accountancy and advisory firm's report into corporate, white-collar crime, published today, paints a picture of the typical corporate fraudster, being aged between 36 and 45, working in a finance or finance-related role and having worked at a company for at least 10 years, usually in a senior management or board role.

...risk mitigation?
Eight million gallons of water drained from reservoir after man urinates in it -- The operation is costing the state's taxpayers $36,000 (£22,000) and was ordered after Joshua Seater, 21, was caught on a security camera relieving himself in the pristine lake. Health experts said the incident would not have caused any harm to people in the city of Portland, who are supplied with drinking water from the reservoir.

Not a good start.
Paris Air Show: Accidents blight Airbus -- The wing tip of its demonstration A380 superjumbo struck a building at Le Bourguet airport venue during taxiing. Gearbox problems have stopped its A400M military transporter from performing a scheduled aerial display, although it will still take part in a fly-past.

Charitable Giving Rose Last Year, Still Below Peak -- As the economy regained some momentum in 2010, Americans responded in kind by increasing their charitable giving. Philanthropic donations from individuals, foundations and corporations increased 3.8% to $290.89 billion in 2010, up from $280.3 billion in 2009, according to the latest Giving USA survey, released Monday.

- Sheena Moore

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