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Supplier benchmarking data
June 15, 2023
Q. I am looking for benchmarking on supplier onboarding. What is the average number of active vendors for a midsize software company? How many new vendors is too many?
A.
(Answered by Debra Richardson, IOFM's third-party vendor master file advisor: https://www.debrarrichardson.com)
On one hand, I don’t know of any benchmarking data that is available that reports a number of active vendors based on anything let alone company size. However, you touched on a subject that has always been a…
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