Wednesday, May 17, 2006

Impact of Sarbanes-Oxley on Supply Chain Management

When the Sarbanes-Oxley act (SOX) was signed into law on July 30, 2002, it changed the way executives at nearly every public company thought about their business. While SOX gained attention in 2003 and 2004 for its focus on financial and accounting issues, the focus in 2005 has shifted to other functional areas such as Supply Chain, Human Resources and Information Technology. Looking toward 2006, it is clear that this trend will continue, and for supply chain leaders, the time is right to establish an active role in your company's corporate governance strategies.

While there are clear SOX implications throughout all areas of Supply Chain Management (SCM), the law does not mandate how a company must address them. SOX also doesn't determine what is or is not material, as it leaves each individual company to identify independently what material events or actions will have an impact on the organization. So what does all this mean for us in Supply Chain Management?

Impact of Sarbanes-Oxley on Supply Chain Management

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