D&B Supplier Risk Management Solutions enable companies to identify where they can reduce spend, mitigate risk, achieve supplier spread and improve compliance & management reporting and maximize profitability.
Outsourcing. Globalization. Leaner operations. Economic uncertainty. Demand fluctuations measured in days instead of months or quarters. These realities all add up to one massive challenge - ensuring that your suppliers deliver as promised, when promised. Today, this challenge is more complex than ever. To address the realities of a rapidly-evolving global economy, world-class companies have recognized that the supplier relationship has a lifecycle - and there's risk involved at every point in that lifecycle.
Minimizing supplier risk requires keeping up with the constant changes in the position of the supplier, knowing which of those changes have the potential to affect your ability to meet your customers' needs and trusting the information you use to drive your decisions.
Key benefits of Supplier Risk Management to businesses:
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Identify and verify potential suppliers and vendors
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Keep track of changes within businesses of suppliers
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Consolidate data held on vendors and suppliers
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Show corporate linkage between businesses in customer and supplier base
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Manage the supply base more efficiently and cost-effectively
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