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          Finally! The trick to securing greater T&E compliance
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          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
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Are you too dependent on key suppliers?

Jared Bilski
by Jared Bilski
July 28, 2010
  • Policy and culture
1 minute read
  • SHARE ON

It makes sense to give your best suppliers a good chunk of your business. But if you rely too heavily on a small number of suppliers, you can really paint yourself into a corner.

Many of peers appear to be doing just that. A new benchmark report from CAPS Research revealed some troubling findings about supplier dependency.

Here’s what the report discovered:

  • Only 18% of companies have a formal policy that limits how much business they can give to one supplier, and
  • Less than 50% of companies track supplier dependency.

To avoid becoming too dependent on a single supplier, experts suggest that companies draft a policy which limits the amount of business you can give one supplier to around 35%.

Readers, does your company have a limit on how much business you can give a single supplier?

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