Dun & Bradstreet (NYSE: DNB) together with THOMASNET.com today announced a partnership to provide B2B businesses new tools to help prevent disruption in their supply chain. Available exclusively on THOMASNET.com, Supplier Evaluation & Risk Reports provide B2B procurement professionals detailed credit risk data and company capability information.
Designed to aid companies seeking to minimize risk of supply chain disruption - especially when engaging in strategic, long-term supplier partnerships - these reports incorporate data from Dun & Bradstreet and THOMASNET.com to help B2B buyers assess a potential partner’s business stability, as well as their abilities and qualifications, early in the supplier evaluation process, saving valuable time and resources.
“THOMASNET.com has become the central platform for industrial buyers, providing them the actionable information, product discovery and supplier selection tools that they need to do their jobs," said Tony Uphoff, President and CEO, Thomas Publishing Company. “Combining Dun & Bradstreet's financial and business risk data with our suppliers' company and capabilities content, increases THOMASNET.com’s value as the go-to source for finding, evaluating and comparing North American suppliers.”
“For businesses managing multiple third-party relationships, having a data-informed line of sight into their potential suppliers is a business imperative,” said Brian Alster, global head of Supply and Compliance, Dun & Bradstreet. “Supplier Evaluation & Risk Reports will help procurement professionals surface the must-have information quickly to assess partners, mitigate supply chain disruption, and get back to business.”
Both procurement and supply chain professionals rely on data in making business decisions. In a survey of 582 B2B buyers conducted by THOMASNET.com, they revealed:
- 84 percent assess a supplier’s financial stability before narrowing their shortlist of potential partners down to one supplier
- 63 percent have eliminated a potential supplier from consideration due to a poor business credit profile
- 47 percent have had a supplier go out of business unexpectedly
What’s Included in the Report?
The reports combine actionable and insightful information from Dun & Bradstreet and THOMASNET.com to deliver a unique and powerful tool for buyers to leverage during the supplier evaluation and selection process.
This information includes:
Dun & Bradstreet
· Supplier Evaluation & Risk Rating
· NAICS and SIC classifications
· Public filings such as lawsuits, liens and judgments
· Financial risk indicators
· Other relevant business details
· Company capabilities matched to our robust taxonomy of product and service categories
· Quality certifications and registrations
· Diversity certificates
Available exclusively for purchase on THOMASNET.com, procurement professionals and suppliers can get more information on Supplier Evaluation & Risk Reports at THOMASNET.com/riskreports.
Note to Editors
THOMASNET.com conducted an online study of 582 B2B buyers from June 29 through July 21, 2016. Those surveyed included procurement professionals, engineers and supply chain managers.
THOMASNET.com is industry’s leading platform for Actionable Information, Product Sourcing and Supplier Selection. By providing in-depth information on over 500,000 North American suppliers, and over 4 million industrial products, we help buyers and engineers connect with the right suppliers for their needs. Our legacy includes the “big green books” of the Thomas Register, and a commitment to facilitating better B2B relationships since 1896. Visit THOMASNET.com. Twitter: @THOMASNET
About Dun & Bradstreet
Dun & Bradstreet (NYSE: DNB) grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect our customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500, and companies of every size around the world, rely on our data, insights and analytics. For more about Dun & Bradstreet, visit DNB.com. Twitter: @DnBUS
Rita Lieberman, THOMASNET.com
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Deborah McBride, Dun & Bradstreet
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