Datanovel reveals cases that carry risks similar to A supplier was acquired and dissolved but when orders are forwarded to a legal entity that is different from the one in the vendor file. Criteria for raising such concerns are:
- Contact details are relevant to another legal entity.
- VAT number belongs to another legal entity.
- That another legal entity is less than 2 years old.
An unscheduled review is required for such cases, onboarding of new suppliers might be needed.
An extract from Datanovel report (example):
More compliance and supply risks:
Datanovel will not solve all compliance and supply risks but taking simple actions over our finding delivers quick wins that can also be used to back up the necessity of the frequent monitoring of the above issues.