Tier-N Supply Chain Transparency
Supply chains are complex. The growing interconnectivity and limited visibility of the global supply chain presents new and evolving risks. With four of six areas of supply chain vulnerability related to visibility into complex networks – and with the severity and frequency of supply chain disruptions increasing, it becomes imperative to gain insights beyond Tier 1 suppliers.
Gaining visibility and understanding into the level of vulnerability includes uncovering:
- Financial stability
- Political risk
- Supplier risk
- Country risk
- Convergence exposure
Reduced Risk and Increased Oversight
The public sector is expected to comply with regulations that establish fundamental procurement rules while addressing contemporary supply chain concerns such as forced labor and beneficial ownership transparency.
Dun & Bradstreet's procurement best practices strengthen accountability, reduce risk, and drive better outcomes throughout the entire acquisition management process:
- Establish a standardized decision framework for increased transparency of your Tier N supplier network
- Validate potential contractors with a rigorous due diligence system during the pre-award phase and monitor risk during the post-award phase
- Adopt a dashboard view that manages the collective risk of contractors across your agency
- Use automated reporting tools that provide a visual risk continuum including at-a-glance predictive scores, watch lists, and monitored suppliers
Reduced Fraud, Waste, and Abuse
By shifting the fraud paradigm from detection to prevention, agencies can actively protect the government and taxpayers from fraud, waste, and abuse through verification, authentication, and risk assessment. Dun & Bradstreet helps agencies implement a disciplined approach to upfront vetting and due diligence that can be applied to reduce or prevent contractor fraud.
The approach requires a combination of new technologies and methodologies, including:
- New sources of information about business customers, partners, and suppliers
- Anticipatory analytics to uncover red flag patterns or fraud signals
- Innovative technologies such as device fingerprinting to cast a light on fraudsters hiding in the shadows
- Public-private partnerships to encourage collaboration of tools and techniques that reduce fraud
Other Federal Government Solutions
Almost 40% of reported supply chain disruptions originated with “Tier 2” and “Tier 3” suppliers.