To identify consolidation possibilities in your supplier database you need additional information and knowledge about your suppliers. You can use it as a basis for clarifying where you can make savings and how to reduce the number of suppliers.
Discover saving opportunities
You can use the Dun & Bradstreet datacloud to enhance your supplier database with valuable information and get clarity about the suppliers you are doing business with. For example, globally you may be purchasing the same products or services from various suppliers. An insight into your suppliers’ activities codes (SIC or SBI) could therefore reveal possibilities for consolidation. You may also have concluded an agreement with several sister companies. In such cases the obvious step is to conclude a framework agreement to reduce the number of suppliers and profit from economies of scale. Having an insight into corporate group structures provides a clear overview of what you spend in the entire family structure, throughout the corporate group. Dun & Bradstreet’s information will enable you to discover possible savings on your total spend and to create a central preferred-supplier purchasing database.
The quality of data files in which several employees make changes soon deteriorates. Double entries occur or incomplete data are entered. You soon lose the overview.
Corporate group structure
You can save on purchasing expenditure and reduce the number of suppliers by concluding framework agreements with parent companies.
Enhancing your data with information on the activities codes or corporate group structures provides you with a better insight into your supplier database and enables you to discover consolidation possibilities.
Other possible challenges
Schedule a phone call
Would you like advice on how to use our data for your company’s objectives? Or are you interested in a demonstration? Make an appointment directly with one of our specialists.