How Many Inactive Vendors Are in Your VMF?

A benchmarking survey by IOFM indicates that overall, more than half of the vendors in respondents’ vendor master files are inactive.  While organizations with better vendor master file hygiene were able to whittle this down to a mere 24 percent, bottom-performing organizations reached 69 percent, almost three times as many.  Cleaning the vendor master file is not just a matter of housekeeping—maintaining inactive vendors in your file can cause serious problems. The more there are, the greater…