Recently liquidated suppliers

Datanovel report highlights suppliers that recently went out of business or is under strike-off. Deactivation of such suppliers can prevent supply delays and reduce unnecessary workload for the vendor management team and P2P operations.

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.