According to a recent LinkedIn post from DOSS, the company is drawing attention to operational risks associated with heavy reliance on spreadsheets in operations teams. The post cites survey data indicating that a single significant spreadsheet error costs organizations an average of $4,315 and that 53% of operations teams encounter such errors on a weekly basis.
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The company’s LinkedIn post highlights additional findings, including that 22% of respondents report spreadsheet errors daily and that teams spend an average of 3.6 hours per week fixing mistakes. The post also notes that 60% of surveyed leaders believe their teams are overly dependent on spreadsheets, while only 41% have a formal quality-control process for high-stakes decisions.
The post suggests a substantial governance gap, emphasizing that two in five spreadsheet incidents are quietly corrected without being reported to leadership. According to the summary, these unseen errors may erode margins through missed orders, expedited freight costs, lost revenue, and inventory gaps, with a link provided to the full research report for additional detail.
For investors, the content points to a broader market issue in operations management and supply chain data practices that could create demand for more robust data operations tools. If DOSS offers products that address spreadsheet risk and process control, this emphasis on quantifying error costs may support its value proposition and potentially expand its addressable market among operations and supply chain organizations.