Sarbanes Oxley Impact on Supply Chain Management
Robert J. Engel, C.P.M.
Robert J. Engel, C.P.M., National Director of Client Service, Resources Global Professionals-SCM Practice, 713-403-1979: Bob.Engel@Resources-us.com
91st Annual International Conference Proceedings - 2006 - Minneapolis, MN
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 and 2006 has shifted to other functional areas such as Supply Chain, Human Resources, and Information Technology. 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.
The SOX legislation brought the need to have transparency in financial statements to the forefront of corporate issues. And though many companies continue to look at SOX as a "Financial Department Issue", we will explore how our supply chain activities are directly involved and the impact that these have with our company’s pursuit for SOX compliance.