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:
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:
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:
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.