A pressing issue
Procurement teams across the globe remain under persistent pressure to search and onboard authentic vendors to ensure operational efficiency. An oversight on the procurement front can severely disrupt an organization’s supply chain and dent its reputation on a global scale.
Owing to unreliable data sources, emerging markets are marred by hurdles related to data-driven decision-making, attaining cost efficiency, and management of procurement risk. Adding to the woes of companies, supplier verification and necessary due diligence pose daunting challenges and hinder smooth procurement management.
Companies experience roadblocks while ascertaining end-to-end efficiency in procurement operations and optimizing supplier relationships.
Another major challenge that companies face pertains to vendor screening, prior to their onboarding process.
A visible difference
These gaps can be effectively resolved by availing Vend-R, an exclusive solution of Dun & Bradstreet South Asia Middle East. Ikeja Electric, Nigeria’s largest power distribution company, has been a user of the Vend-R platform for several years. The company said:
We started using the service of Dun & Bradstreet in 2017 and it has been of immense support to our procurement department to date. Many of our vendors have been verified through Dun & Bradstreet’s Vend-R.
The company has always responded promptly to our requests and we would recommend their services to other organizations. Our partnership with Dun & Bradstreet has been nothing short of exceptional, as the company continues to play a crucial role in supporting our business endeavours through its comprehensive suite of services that have helped promote efficiency and reliability in our operations.
Dun & Bradstreet’s innovative tools and analytics have been instrumental in optimizing our supplier relationships through adequate vendor prequalification and registration services while streamlining our procurement processes for effective vendor selection.
Integrating technology in procurement operations
- Vend-R assists companies with an online tool that enables procurement teams to search and onboard verified suppliers, view current vendor information, and alleviate the risk of supply chain disruption.
- A gateway to a comprehensive pool of verified vendors, companies can easily surf and filter out relevant alternate suppliers from a wide range of data points by using the Vend-R portal.
- Vend-R accelerates due diligence of prospective vendors through the provision of transparent and authentic information to the company.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower costs, mitigate risk, and transform their businesses.
Since 1841 companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity.
Dun & Bradstreet South Asia Middle East Ltd. is responsible for the Dun & Bradstreet business in countries across the Middle East, South Asia, and Africa
Our services are utilized extensively by banks, financial institutions, government departments, multinationals, corporate entities, and small and medium-sized enterprises for seamless operations. We have offices in UAE, Bahrain, Qatar, Saudi Arabia, Bangladesh, Nigeria, Ghana, Tanzania and Pakistan.
To learn more about Dun & Bradstreet South Asia Middle East Limited, visit DNBSAME.com
A pressing issue
Procurement teams across the globe remain under persistent pressure to search and onboard authentic vendors to ensure operational efficiency. An oversight on the procurement front can severely disrupt an organization’s supply chain and dent its reputation on a global scale.
Owing to unreliable data sources, emerging markets are marred by hurdles related to data-driven decision-making, attaining cost efficiency, and management of procurement risk. Adding to the woes of companies, supplier verification and necessary due diligence pose daunting challenges and hinder smooth procurement management.
Companies experience roadblocks while ascertaining end-to-end efficiency in procurement operations and optimizing supplier relationships.
Another major challenge that companies face pertains to vendor screening, prior to their onboarding process.
A visible difference
These gaps can be effectively resolved by availing Vend-R, an exclusive solution of Dun & Bradstreet South Asia Middle East. Ikeja Electric, Nigeria’s largest power distribution company, has been a user of the Vend-R platform for several years. The company said:
We started using the service of Dun & Bradstreet in 2017 and it has
been of immense support to our procurement department to date. Many of our vendors have been verified through Dun & Bradstreet’s Vend-R.
The company has always responded promptly to our requests and we would recommend their services to other organizations. Our partnership with Dun & Bradstreet has been nothing short of exceptional, as the company continues to
play a crucial role in supporting our business endeavours through its comprehensive suite of services that have helped promote efficiency and reliability in our operations.Dun & Bradstreet’s innovative tools and analytics have been instrumental in optimizing our supplier relationships through adequate vendor prequalification and registration services while streamlining our procurement processes for effective vendor selection.
Integrating technology in procurement operations
- Vend-R assists companies with an online tool that enables procurement teams to search and onboard verified suppliers, view current vendor information, and alleviate the risk of supply chain disruption.
- A gateway to a comprehensive pool of verified vendors, companies can easily surf and filter out relevant alternate suppliers from a wide range of data points by using the Vend-R portal.
- Vend-R accelerates due diligence of prospective vendors through the provision of transparent and authentic information to the company.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet’s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower costs, mitigate risk, and transform their businesses.
Since 1841 companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity.
Dun & Bradstreet South Asia Middle East Ltd. is responsible for the Dun & Bradstreet business in countries across the Middle East, South Asia, and Africa
Our services are utilized extensively by banks, financial institutions, government departments, multinationals, corporate entities, and small and medium-sized enterprises for seamless operations. We have offices in UAE, Bahrain, Qatar, Saudi Arabia, Bangladesh, Nigeria, Ghana, Tanzania and Pakistan.
To learn more about Dun & Bradstreet South Asia Middle East Limited, visit DNBSAME.com