Identify supplier risks at an early stage and maximize your savings

With an organisations’ supplier strategy becoming even more critical to their strategic success, you need to be confident that you have a complete and timely view of all risks and relationships across your supplier portfolio. You want a single, clean supplier database and it's extremely important for you understand and limit the supply chain risk with regard to supply chain interruptions, critical supplier going bankrupt, and sustainability of suppliers.
Our solutions are based on the following four principles
  • Certify:assess new suppliers and re-look at the existing ones
  • Monitor: check your database pro-actively to avoid exposure to risks.
  • Analyse:Create a ‘spend cube’ to determine how much you purchase and from which companies./ use external data for a better insight into your database
  • Mitigate: build nets by regularly following up suppliers and keeping alternatives in reserve.
Select and manage the most reliable suppliers to protect your business against risk, prevent business disruption, and meet diversity, green, and compliance requirements. Stay on top of all the factors that impact a supplier’s ability to deliver – financial, environmental, and political
250
million businesses globally
Dun & Bradstreet’s Supplier Risk Management Solutions provide you with access to our leading insight and information on over 265 million businesses globally. Integrating this information into your existing processes and supplier management systems can help you to protect your business against risk, prevent business disruption, and meet compliance requirements to ensure complete and timely view of all risks and relationships across your supplier portfolio.

Proactively identify and manage risk across your supplier portfolio

Dun & Bradstreet has developed a range of capabilities and decision ready insights to help you understand the risks across your supplier portfolio. We provide a range of insight and data allowing you to identify and measure risks including:
Segmentation of your supplier portfolio against the criticality to your value chain
Identification of corporate structures and associations with each supplier in your portfolio
Knowing the financial strength and weaknesses of your suppliers and at your portfolio level
Quantify risk groups associated with your supplier portfolio, industry, spend category, country, business failure, payment patterns, etc.
Benchmarking your suppliers performance and risk against their piers
Cleanliness of your core supplier ledger information to ensure the base integrity of your data records is sound

Consolidate your suppliers and find potential alternatives

The key driver to reduce the size of your supplier portfolio is the opportunity to reduce costs. However new drivers and motivations are emerging in today’s business environment to consolidate further.
Identifying economies of scale potential, strategic collaborations within and outside your supplier portfolio and cost sharing initiatives with others in your industry are all examples of new drivers supporting lower scale supplier engagements.
To identify where you can achieve economies of scale or potential collaboration opportunities requires external business insight to supplement your existing supplier information.
Using Dun & Bradstreet’s data on over 265 million businesses worldwide, you get access to the world’s largest business information database allowing you to evaluate the opportunity costs associated with switching to alternatives but to determine the associated risks prior to engagement.
The insight we can provide includes
  • Corporate family trees to identify multiple supplier arrangements within the same corporate structure
  • Supplier due diligence and evaluation prior to any initial engagement for next best alternative assessment
  • Benchmarking your suppliers against other potential alternatives via performance indicators
  • Assessment and reports prompting action to exit existing supplier engagements
  • Spend analysis within your suppliers and overall portfolio at industry level, region/country, supplier count to spend

Onboarding of New Suppliers

You need to ensure that you have a complete view of all the information, including financial and ownership details, to provide you with total confidence that any new suppliers will help you to deliver against your objectives. Once you begin trading with a new supplier and they are integrated into your supply chain and processes, unknown and unforeseen risks may result in having a significant impact.
With up to date, comprehensive information on over 265 million companies worldwide, Dun & Bradstreet can provide you with all the information you need to quickly confirm and verify a supplier’s identity, ownership and financial status – giving you complete confidence that you know exactly who you are dealing with and any potential risks are known and managed.
The information that we provide through our Supplier Management Solutions includes
A complete global view of ownership and any subsidiaries with our corporate linkage powered by our D&B D-U-N-S® Number
Detailed financial records help you with the latest information on an organisations financial status and the likelihood of any deterioration in this status
Access to shareholder and director information to ensure the people who own and run your supplier are fit to run a business
With up to date, comprehensive information on over 265 million companies worldwide, Dun & Bradstreet can provide you with all the information you need to quickly confirm and verify a supplier’s identity, ownership and financial status – giving you complete confidence that you know exactly who you are dealing with and any potential risks are known and managed.
Contact us to discuss how you can take advantage of our wealth of business information to help you achieve your supplier consolidation and identifying next best alternative goals.
To get started,
contact a Dun & Bradstreet Relationship Manager at
or please provide email id & phone number

   

   

Dun & Bradstreet’s Supplier Management Solutions

insight into your supplier file
  • Achieve Savings
  • Set up management reports
  • Reduce the number of suppliers
  • Identify alternate suppliers
  • Optimise a tendering process
  • Integrate and cleanse your databases
  • Obtain an insight into the risks in your portfolio

Resource & Insights

3 Ways to Become a 'World-Class Procurement Organization'
5 Ways to Drive Supplier Compliance
Are Your Suppliers Heading Underground?
Do Your Supply Management Practices Measure Up?
How Much Are Data Gaps in the Supply Chain Costing You?
How to Successfully Diversify Your Supply Chain
Is Your Supply Chain Female-Friendly?
What do Emerging Markets' Supply Chains Need? Technology