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Fraud Detection in Supply Chain using Excel Sheet

by T N Varma, D A Khan
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 80 - Number 2
Year of Publication: 2013
Authors: T N Varma, D A Khan
10.5120/13833-0585

T N Varma, D A Khan . Fraud Detection in Supply Chain using Excel Sheet. International Journal of Computer Applications. 80, 2 ( October 2013), 20-25. DOI=10.5120/13833-0585

@article{ 10.5120/13833-0585,
author = { T N Varma, D A Khan },
title = { Fraud Detection in Supply Chain using Excel Sheet },
journal = { International Journal of Computer Applications },
issue_date = { October 2013 },
volume = { 80 },
number = { 2 },
month = { October },
year = { 2013 },
issn = { 0975-8887 },
pages = { 20-25 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume80/number2/13833-0585/ },
doi = { 10.5120/13833-0585 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T21:53:30.371138+05:30
%A T N Varma
%A D A Khan
%T Fraud Detection in Supply Chain using Excel Sheet
%J International Journal of Computer Applications
%@ 0975-8887
%V 80
%N 2
%P 20-25
%D 2013
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Fraud occurs due to intentionally manipulated data in complex and dynamic supply chains cyberspace being a complicated task for detecting or auditing agencies. However, prevention from vulnerable manipulation is the best way to reduce frauds. The application of Excel sheet as decision supporting tools, leads to identify abnormally mismatch or hidden pattern of data, and its depth analysis helps agencies to scientifically examine the feasibility of implementing one 'trust-but-verify' method in supply chain network using a probability distribution called Benford's distribution within a short span of time to detect and prevent fraudulent transactions. This paper demonstrates how to use Excel Sheet to perform Benford distribution statistical test as an effective tool for locating red flags in suspected data from decision-making data-set of supply chain network.

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Index Terms

Computer Science
Information Sciences

Keywords

Benford Distribution Excel sheet Fraud Supply Chain Management

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