e-Procurement: A cure for corruption?

e-Procurement: A cure for corruption?

Procurement is one area of business operations which is traditionally known to be most vulnerable to corruption. Suppliers typically offer lucrative incentives and opportunities to procurement officials for getting their contract approved. In the case of public procurement, the deception runs even deeper because of the huge amounts of funds involved. According to the Organization…
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November 24, 2017 1
A cashless future for India

A cashless future for India

Have a simple meal in China at any of the popular chain restaurants, and chances are your wait staff will come up to you with a QR scanner to settle the tab. No, there won’t be any standard questions like: “Cash or card?” After all, who carries paper money these days, right? Now, China may…
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November 21, 2017 1
Vending Machine Problem

How Japan can solve its vending machine problem

The Japanese love their vending machines. So much so, it’s a part of their culture. With more than 5 million vending machines in the country, Japan boasts the highest world ratio of machine to people – one for every 23 persons. And since the crime rate in the nation is one of the lowest in…
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November 13, 2017 2
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