When you do business with new suppliers or want to compile a shortlist, you will want to be able to identify and assess them to make a well-founded strategic selection. This enables you to avoid losses and assures you of continuity in your supply chain/logistics chain.
Know who you are doing business with
Reliable and up-to-date information is essential in the process of selecting new suppliers. The interests and risks are just too great to simply trust other parties. You can use the information in the Dun & Bradstreet datacloud to identify suppliers and determine exactly who you are doing business with. Then you can delineate the associated risks and assess creditworthiness. You can also identify your dependency on each other. This is also important information which you can use in your decision-making when assessing an RFI or RFQ. If you deal with suppliers in other countries, specific country information on economic, socio-political and commercial aspects and the specific risks that are involved in doing business in a country also play a role.
Doing business internationally
Comprehensive trading and country information enables you to evaluate your suppliers properly and thereby clearly delineate all the commercial risks.
Order involving risks
Reliable information on creditworthiness is additionally important when placing an order with an unknown (international) supplier or an order which is crucial for continuity in the logistics chain.
Start of purchase process
To make the right strategic choices at the start of a new purchase process, you will want to identify the possible risks per supplier and for the entire process.
Akzo Nobel
AkzoNobel is the world’s largest producer of paints and coatings and a major producer of…
