spendmatters
 

February 09, 2012

 

Spend Matters Sponsor
D&B

Spend Matters Analysis: In recent years, D&B has significantly transformed its role in the Spend Management market. Once a vendor known primarily for data enrichment, D&B now delivers a suite of capabilities that include supplier content and intelligence, supplier enablement and registration, supplier information management, supplier lifecycle management and supply risk management. Some of the worlds leading organizations are relying on D&B to manage all their supplier information and supply risk needs. Recently, D&B announced that Wal-Mart has deployed its solutions to reduce financial and operational supply chain risk. As part of this deployment, "Wal-Mart will use D&B's expertise to streamline supplier registration and on-boarding globally and help ensure that its suppliers are financially and operationally sound and comply with government regulations." In addition, "D&B will continuously monitor Wal-Mart's many suppliers for changes that may affect their ability to deliver and alert its supplier management team to those changes before it may cause a merchandise shortage." Spend Matters believes during the economic downturn that more companies will follow Wal-Mart's lead and will begin to work with companies like D&B to systematically manage their supplier base and reduce supplier and supply chain risk.

Sponsor Description: D&B (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence¨ for 167 years. D&B's global commercial database contains more than 140 million business records. The D&B Supplier Lifecycle Risk Management Solution automates the entire process of identifying, qualifying, registering, auditing and managing suppliers. These capabilities are of particular relevance in today's market as companies face a critical need to streamline their supplier implementation processes to reduce costs, embed best practices and transform how they qualify and manage their suppliers to reduce business risk and brand exposure. To help companies achieve these objectives, D&B delivers an integrated set of capabilities and content to help companies more efficiently and effectively manage their supply base, reduce risk and react to changes in the market. With the flexibility to use a supplier self-funded model to reduce costs, D&B solutions can help all companies -- regardless of budgetary restraints -- to get more from their supply base today.

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