I want to consolidate my supplier database
To identify consolidation opportunities in your supplier database, you need additional information and knowledge about your suppliers. As a result, you can make savings and can reduce the number of suppliers.
Discover saving opportunities
You can use D&B's comprehensive international database 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 Nacebel) could therefore reveal opportunities for consolidation. You may also have closed an agreement with several sister companies. In such cases the obvious step is to negotiate 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. D&B'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. As a result, 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.
Discovering that you use several suppliers for the same products or services offers opportunities to consolidate and benefit from economies of scale.
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.
Dun & Bradstreet can help you with these products
DNBi is not just a better way to manage credit risk, it's a whole new approach for obtaining, using and sharing information to reach an even higher level of accuracy.Read about DNBi
With D&B's integration solutions you are able to make use of D&B data in a simple, flexible and efficient manner, whenever you want and within the system of your choice.Read about Data Integration
Portfolio Manager Supply
Know who you are doing business with. D&B's Portfolio Manager Supply provides you with a direct insight into your most risky and your best suppliers!Read about Portfolio Manager Supply
Data Manager is a secure online portal enabling you to own the whole process of cleansing, identifying, enhancing, updating and analysing all your master data projects on customers, suppliers and business partners independent of volume.Read about Data Manager
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Other possible situations
- I want to have insight in the risks involved when selecting new suppliers
- I would like to clarify and monitor the risks in the entire supply chain
- I want to cleanse the data in my supplier database
- I want to have more insight and analysis options in my supplier portfolio
- I would like to optimise my tendering process