Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Yes, I know it’s Thursday, but I just had to take a second look at today’s whitepaper before I released this review. You’ll know why shortly.

Don’t miss updates on Procurement & Supply Chain, Subscribe here!

Today, I’ll be reviewing a “research snapshot” (which, for the sake of the occasion, I’ll refer to as a whitepaper) entitled “Insurance Requirements and Certificates for Suppliers” from CAPS Research. When reading the teaser for this whitepaper, I hoped that I would get a good feel for how many companies require their suppliers to maintain larger-than-required-by-law amounts of insurance, how many require suppliers to provide certificates of insurance, and how many do not require suppliers to provide certificates of insurance.

After reading the whitepaper, I don’t feel confident that I learned what I wanted to learn.

There were 24 percentages listed in the whitepaper. Twenty of them were calculated incorrectly!

For example, the whitepaper says that it received responses from 51 manufacturing organizations. In calculating the “percent of organizations that require suppliers to maintain additional types and amounts of insurance beyond the requirements of the state or nation where work is being performed,” the whitepaper indicated that 47 organizations did, but listed the percentage as 85.5%. Forty-seven out of 51 is 92.2%. Forty-seven is 85.5% of 55.

I could forgive CAPS if this was an isolated error. But these errors were made throughout, rendering the whitepaper a shoddy piece of research in my eyes and one not to be trusted. Therefore, I will not even bother writing anything else about this abomination of a whitepaper.

If you would like to download this whitepaper for yourself – maybe, after reading this post, CAPS will fix their math – you can do so from the CAPS Research website (registration required).

To Your Career,
Charles Dominick, SPSM
President & Chief Procurement Officer
Next Level Purchasing, Inc.
Struggling To Find More Good Resources For Procurement Leaders?
Check Out Our Web Site’s New Whitepaper Section At
http://www.NextLevelPurchasing.com/WPcharles

Charles Dominick, SPSM, SPSM2, SPSM3

Charles Dominick, SPSM, SPSM2, SPSM3 is an internationally-recognized business expert, legendary procurement thought leader, award-winning entrepreneur, and provocative blogger. Charles founded the Next Level Purchasing Association in 2000, oversaw its incredible growth, and successfully led the organization to its acquisition by the Certitrek Group in 2016. He continues to blog and provide advisory services for the NLPA on a part-time basis as he incubates his upcoming business innovations. Charles is also the co-author of the wildly popular, groundbreaking book, "The Procurement Game Plan: Winning Strategies & Techniques For Supply Management Professionals."

More Posts