This slide pack summaries the key findings of the survey into the Importance of Supplier Compliance Management carried out by Strytex during May 2010. The results are based on 227 respondents from a range of industries, seniority and regions.
- The key findings are:
- 30% of organisations don’t know how often they audit supplier compliance or don’t measure it
- 79.6% of organisation either have no system or just a manual system for managing thousands of compliance documents
- 44% of organisations are trying to manage over 5,000 compliance documents, each with different expiry dates and
- almost 50% of companies responded that they did not remove suppliers for non-compliance because they could not track it well enough