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Benchmarking for vendor maintenance accuracy
December 19, 2023
Q. Does this site track a benchmark or KPI for vendor maintenance accuracy percentage? If so, where can I find it?
A.
(Answered by IOFM Executive Editor Jess Scheer)
While we don’t track VMF “accuracy” specifically, we do track the share of “active” vendors – those whose data we know is accurate because we’ve paid them recently – vs. “inactives”, for whom one hasn’t done business together in a while and the data may be old or inaccurate.On average, inactives account for 55% of the typical…
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