Welcome back to another installment of Whitepaper Wednesday here on the Purchasing Certification Blog. Yes, I know it\u2019s Thursday, but I just had to take a second look at today\u2019s whitepaper before I released this review. You\u2019ll know why shortly.<\/p>\n
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Today, I\u2019ll be reviewing a \u201cresearch snapshot\u201d (which, for the sake of the occasion, I\u2019ll refer to as a whitepaper) entitled \u201cInsurance Requirements and Certificates for Suppliers\u201d 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.<\/p>\n
After reading the whitepaper, I don\u2019t feel confident that I learned what I wanted to learn.<\/p>\n
There were 24 percentages listed in the whitepaper. Twenty of them were calculated incorrectly!<\/p>\n
For example, the whitepaper says that it received responses from 51 manufacturing organizations. In calculating the \u201cpercent 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,\u201d 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.<\/p>\n
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.<\/p>\n
If you would like to download this whitepaper for yourself \u2013 maybe, after reading this post, CAPS will fix their math \u2013 you can do so from the CAPS Research website (registration required).<\/p>\n","protected":false},"excerpt":{"rendered":"
Welcome back to another installment of Whitepaper Wednesday here on […]<\/p>\n","protected":false},"author":12,"featured_media":4088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-procurement"],"yoast_head":"\n