Dun & Bradstreet can help agencies uncover risks and relationships among suppliers in their procurement process through improved oversight into the vendor selection process, responsibility determinations, pre- and post-award monitoring, and standardized reporting.
Tier-N Supply Chain Transparency
Supply chains are complex. The growing interconnectivity and limited visibility of the global supply chain present 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 instability
Political risk
Supplier risk
Violations
Country risk
Convergence exposure
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Reduce Risk and Increase 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.
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Reduce 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
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Better Mission Outcomes
Through the world's largest database of global businesses – public and private, small and large – agencies can access the deep insights needed to understand the qualifications and risks in vendor relationships. Dun & Bradstreet improves procurement and supplier management oversight and adds precision to vendor selection, responsibility determinations, pre- and post-award monitoring, and standardized reporting.
Locate suppliers based on industry, location, or diversity.
Improve responsibility determinations on all new and existing contractors.
Execute rigorous eligibility determinations and risk assessments for all vendor applications.
Confidently monitor suppliers post-award.
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Our consultants can partner with you to provide tailored data, analyses, business process reviews, and recommendations to help you achieve your unique mission objectives.
