The Two Supplier Economies: 10% of Suppliers, 80% of Spend

Oct 9, 2026

Carlos Faria

Strategist

Newsletter

The Trust Index for September 2026: 1,531,915 documents exchanged across the network, 45,299 pages processed by our AI with 85%+ going straight through, and what our network data shows about the two supplier economies in mining and industrial procurement.

September 2026

  • Connect businesses.
  • Remove friction.
  • Power growth.

01 · Our performance in September

Net Promoter Score

9 / 10

Customer advocacy

Documents exchanged

1,531,915

Across the network, R20.3bn total value

AI straight-through rate

85%+

Across 45,299 pages processed by AI

The 1,531,915 figure is every trade document that moved across the network in September. Of those, our AI platform processed 45,299 pages, and more than 85% went straight through with no manual handling.

See the network figures

Mining & industrial sector: your two supplier economies

When we analysed transaction data from Southern African mines and factories on the M2North network, one pattern stood out: every business runs two distinct supplier economies — two completely different groups of vendors that need to be managed differently.

The high-value economy

A small group of core suppliers, such as heavy machinery and fuel, where almost all of your spend goes.

The high-admin economy

Hundreds of smaller, everyday suppliers of parts, safety gear and consumables. They take very little of the budget, but create almost all of the daily paperwork and order management.

  • What we measured
  • The data
  • What it means for your business
  • Major vendor spend
  • 10% of suppliers
  • Account for 80% of your total budget
  • Order and paperwork volume
  • 13% of suppliers
  • Generate 80% of all order volume
  • Everyday small suppliers
  • 90% of suppliers
  • Account for only 20% of total spend
  • Top 10 vendor dependence
  • Top 10 suppliers
  • Receive about 31% of total company spend

Why this matters

Companies in these sectors often depend on a relatively small group of suppliers for much of their procurement spend. Yet hundreds of smaller suppliers still generate substantial administrative work through contract and compliance management, purchase orders, invoices, delivery documentation and payment queries.

The challenge is not simply managing supplier spend. It is managing the transactions and documentation behind every supplier relationship, whatever its size.

A question worth asking: how much of your procurement team's time is spent processing transactions from suppliers who represent only a small percentage of your total spend?

What our clients say

When there are any issues, we receive proper, timeous feedback and the whole team is extremely helpful. Everyone is eager to assist and resolve queries.

Mining group

The M2North team is extremely responsive, informative and flexible. M2North takes care of all the technical complexities behind the scenes and explains them in layman's terms.

Industrial manufacturer

Trust begins with listening

Technology matters, but real trust is built between people. Meet James and Gail — two team members focused on helping businesses remove friction and work better together across the mining and industrial sectors.

James

Rather than leading with technology or a sales pitch, I focus on understanding how a business works, the people behind it and the challenges that matter most. I believe technology works best when it strengthens relationships, improves how businesses work together and solves real operational problems. At M2North, we build industry trust one conversation at a time.

Johannesburg · Southern African mining & mining supply

Gail

I've always believed that a meaningful business relationship begins with genuine curiosity. Before approaching a company, I want to understand who they are, what they do and what matters to them. Sometimes one thoughtful question can open a conversation that leads to something valuable for both businesses. For me, that's what building trust is all about.

Swakopmund, Namibia · M2North Sales & Marketing

Next month: Agriculture

Where supply chain efficiency begins. From producers and suppliers to distributors and retailers, we'll explore the transaction challenges behind one of Southern Africa's most important industries.

Trust, one conversation at a time.

Thank you for being part of our journey.

Do you trust AI? 95%+ AI Processing Accuracy

Sep 10, 2026

Brett Misselhorn

General Manager

Newsletter

The Trust Update for August 2026: an NPS of 9.0 from 268 independent client reviews, 1,222,731 documents exchanged across the network, 39,300 pages processed by our AI at 95%+ extraction accuracy, ISO 27001 certification and a CyberVadis Silver medal.

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Aug 10, 2025

Carlos Faria

Strategist

Supply Chain

In today's fast-paced world, customers expect instant gratification. Slow confirmations and delayed processing create friction that costs revenue.

Case Study: 55% to 75% AP Automation at a National Building-Materials Retailer

Aug 7, 2026

Ivan Jenkins

Co-Founder

Case Study

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Book a demo

See how M2North turns these ideas into practical workflows.