NEW YORK and SHORT HILLS, New Jersey– 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% assess a supplier’s financial stability before narrowing their shortlist of potential partners down to one supplier
- 63% have eliminated a potential supplier from consideration due to a poor business credit profile
- 47% 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.