Scorecard Delivery Methods
How are you keeping score of your suppliers? In a recent survey, 73 percent of responding organizations use scorecards; 88 percent are delivering them to suppliers in face-to-face meetings, most commonly on a monthly basis.
Anti-Corruption Due Diligence
Of the companies we surveyed, 67 percent have a formal procedure for evaluating corruption risk with foreign suppliers and contractors. On average, organizations report 13 percent of their suppliers are categorized as a potential high risk for corruption. Characteristics that place suppliers in the high-risk category include geographic location, governmental ties, and funding sources.
More Companies Going Digital with POs
As companies continue to move toward digitization, 47 percent report using enterprise resource planning (ERP) to auto-create purchase orders (PO). Paper and manual POs are still used at 17 percent of companies. What steps are you taking to automate the PO process?