To identify consolidation opportunities within your supplier base, additional information and knowledge about your suppliers is needed. This will give you insight into where you can make savings and how you can reduce the number of suppliers.
insight into suppliers
Using the extensive international Dun & Bradstreet Data Cloud, you can enrich your supplier database with valuable additional information. This makes it clear which suppliers you are doing business with. It could be that you use several suppliers (worldwide) to purchase the same products or services.
Understanding the activity codes (SIC or SBI) of your suppliers can therefore reveal consolidation opportunities. It may also happen that you have entered into an agreement with several sister companies. In such cases, the obvious solution is to conclude a framework agreement to reduce the number of suppliers and to benefit from economies of scale. Insight into group structures makes it clear what your spend is within the total family structure (group-wide). With the Altares Dun & Bradstreet information you will discover opportunities to save on your total spend and create a single central purchasing (preferred supplier) file.
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Know who you are doing business with and get a handle on the risks.
Understanding your contractors and who they hire to do work helps you identify risks on the entire procurement project.
Are you looking for new suppliers? With our data, you identify suppliers and, based on criteria such as financial stability, you can make a selection that allows you to choose a new supplier that matches the risks you are willing to take.
Include information such as financial stability and creditworthiness in the pre-qualification of your tender process. This way you avoid awarding a project to a high-risk party.
Is your database getting polluted by incomplete data? Our data is monitored daily and updated automatically, so you can link it to your own systems, such as CRM or ERP, with confidence.
Does your supplier have subsidiaries? Expose corporate linkages and find out who the directors, shareholders and other financials of these companies are and check them against sanction and PEP lists.
By enriching your data with information about the asset code or group structures, you gain more insight into your supplier base and discover consolidation opportunities.
Insight into the payment behavior and financial situation of 400+ million companies worldwide including their subsidiaries and thereof the directors and shareholders.
Clear management of your supplier portfolio. All your supplier insights and risks from one environment and in real time.
Real-time business intelligence for due diligence. Screen your suppliers and partners for UBOs, PEPs, sanctions lists and more and know who you are doing business with.
Do you want to make a selection based on the tenders during the pre-qualification of your tendering process? Then information about the financial situation and the possible risks of the parties is very important in order to make a well-informed choice about who you do or do not want to do business with. The Dun & Bradstreet Data Cloud gives you insight into the financial situation of 400+ million companies worldwide. Read more.
Using the extensive international Dun & Bradstreet Data Cloud, you can enrich your supplier database with valuable additional information. This will provide insight into which suppliers you do business with, and you may discover, for example, that you use multiple suppliers to purchase the same products or services. Read more.
Reliable and up-to-date information is essential in the selection process of new suppliers. The interests and risks are simply too great to trust parties 'with their blue eyes'. You can use the information in the D&B database to identify suppliers (who exactly am I doing business with). You can then map out the associated commercial risks and assess the creditworthiness. Furthermore, the mutual dependence can be mapped out. Read more.
An initial check when selecting a supplier is not sufficient. It is then important to make all changes in risks transparent and to monitor them. This keeps you informed exactly how the risks in your total supply chain are developing. Only with this information can you correctly assess all risks within your portfolio. Read more.
Insight into your supplier portfolio gives you control over the logistics chain and makes it clear where your risks and opportunities lie. You strengthen your negotiating position and identify consolidation opportunities. It gives you the information you need to manage your supply chain effectively and to guarantee the continuity of your processes. The combination of your own data with that of D&B offers you handles for making valuable analyses and management reports, such as a spend analysis, spend cube and spend control. Read more.
Altares Dun & Bradstreet
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