Procurement teams have full accountability for supplier risk but lack the connected systems or validated, current data needed to get ahead of it. The result is reactive risk resolution that never closes the underlying gaps, a pattern apexanalytix calls “manual triage” mode, as outlined in its new benchmark data.
“Procurement and supplier risk teams are often blamed when supplier delays or disruptions occur,” says Luis Grisales, SVP of supplier risk solutions at apexanalytix. “This new benchmark data shows that they aren’t the roadblock. When it takes weeks of manual effort just to pull a single supplier visibility report, they are forced to react to disruptions instead of preventing them. It’s time to stop chasing data and start commanding it. Our new maturity assessment and the accompanying eBook help leaders identify their own gaps and explore the potential for the future of their program.”
Key takeaways:
· 87% of enterprise procurement teams cannot access data-driven, automated risk scoring at intake, with most relying on buyer judgment.
· Only 13% of enterprise procurement leaders have an automated way to detect supplier information changes post-onboarding, so the supplier data that risk programs rely on goes stale and unvalidated the moment a program moves past intake.
· 60% said risk alerts and vendor master data live in disconnected systems with no shared source of truth; just 27% have a unified supplier profile connecting alerts, ownership, and evidence.
· 40% said compliance reporting only gets created after an incident, audit, or leadership request, a direct result of not having validated data on hand to report on proactively.
