I want to understand the risks in selecting new suppliers
When you start doing business with new suppliers or want to compile a short list, you want to be able to identify and assess these suppliers in order to make an informed strategic selection. This will prevent damage and ensure continuity in your supply chain.
grip on risk
Know who you are doing business with
Reliable and up-to-date information is essential in the selection process of new suppliers. The stakes and risks are simply too high to trust parties 'on their blue eyes'. With the Dun & Bradstreet Data Cloud you can identify suppliers (who exactly am I doing business with). You can then identify the associated commercial risks and assess creditworthiness.
Furthermore, mutual dependencies can be mapped out. This is also important information that you can include in your decision-making process when assessing an RFI or RFQ. When dealing with suppliers abroad, specific country information (economic, social-political, commercial) and the specific risks involved in doing business in a country also play a role.
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The benefits of truly knowing your business relationships
Know who you are doing business with and get a handle on the risks.
Our products for procurement
Insight into the payment behavior and financial situation of 400+ million companies worldwide including their subsidiaries and thereof the directors and shareholders.
D&B Supplier Risk Manager
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.
What can we help you 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.