Procurement
Defining effective supplier sourcing
With the advent of Corporate Social Responsibility and the strengthening of ethical approaches, supplier sourcing goes well beyond the simple business relationship, deliveries and invoicing. You need to be able to align your supplier line more precisely to define this sourcing as closely in line as possible with your purchasing strategy.
“Profits are made in the buying, not in the selling”, “buy as cheaply as possible and sell at the same price” are now outdated concepts that positioned buyers as contributors to margin only. From now on, and for several years now, supplier sourcing is taking on an ethical, committed, and totally “customer” oriented angle. Especially as these customers are demanding ever greater clarity on their entire production chain, as part of a Responsible Purchasing policy.
It is therefore imperative for purchasing managers to have a full understanding of the production value chain and to identify all the players, at least up to level 3. This can be tricky, especially as the globalisation of production requires knowledge of the existing links between suppliers, from rank 1 to rank 3, especially the guarantee links, which ultimately indicate strong dependence. In addition to these dependency links, by default purchasing managers now require CSR (Corporate Social Responsibility)indicators on their suppliers, whatever their rank, to make their commitment with them reliable.
These checks are all the more necessary as the recent upheavals in raw material prices have led to a real race to source new suppliers, at the risk of not being rigorous in validations. However, it’s necessary to properly check the three pillars of risk, which arecompliance and third party supplier creditworthiness, the financial default risk which can generate a production risk and finally the CSR indicator.
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Altares Data
440M
OF ENTITIES IN THE WORLD
255M
LEADERS
161M
UBOS IN THE WORLD
6M
UBOS IN FRANCE
2.5M
UBOS IN THE NETHERLANDS
1.7M
UBOS IN BELGIUM & LUXEMBOURG
Why Altares can help
Altares supports you in all of your Purchasing procedures, in particular by bringing your portfolio of suppliers into compliance, to ensure that they comply with the legislation in this area, and the principles of Corporate Social Responsibility which are increasingly more related to Data.
The regulatory landscape is becoming an essential issue for companies subject to it, in a global approach to strengthening ethical business practice.
The success of your Purchasing policy goes through several stages of verifying the data of your third parties, protecting your reputation and monitoring compliance with regulations.
Get in touch with one of our expert Purchasing advisors to jointly carry out the risk diagnosis on your supplier portfolio, and discover Altares’ responses to your Purchasing compliance issues.
" To guarantee an effective and universally understood implementation of these provisions, it is necessary to reverse the perception that they constitute a brake on economic activity. These challenges require that compliance, risk and CSR serve the development of the activity and hybridize with the production and value creation processes. "
Laurent Luce, Head of Product Marketing Management - France
The Supply solutions we offer
Altares supports its customers in the analysis and segmentation of their supplier panel.
Platforms
indueD
indueD facilitates your due diligence, for an optimised compliance of your business relations portfolio. Integrating the latest compliance regulations and thanks to dynamic data visualisation, indueD makes your compliance issues a reliable, simple and fast process. indueD is aimed at all sectors of activity exposed to compliance issues: banking & insurance, industry, distribution, etc., and more particularly at resource and purchasing departments.
Platforms
inDoc
Do you need quick access to official company documents ? You need to be sure of the origin of the document? It's easy with inDoc! Simply place your order, via the DUNS Number (or via a manual search) inDoc provides you with official company documents, by email, in less than 1 hour* in a large number of countries, facilitating your due diligence.
Platforms
D&B Onboard
KYC, KYV, KYB, search for beneficial owners, screening of sanction lists: D&B Onboard helps you to cope with the increasing complexity of compliance obligations (including due diligence). D&B Onboard simplifies your compliance procedures and saves you time on your audits in the face of changing regulations and obligations.
Platforms
PPI
The DunTrade member-only payment behaviour analysis platform gives you an exclusive view of the Paydex, an index of your third party's payment behaviour, allowing you to:
Identify customers who pay you late, but who pay other suppliers' invoices on time.
Also identify customers who are all paying their suppliers late and therefore appear to be in difficulty.
Platforms
D&B Hoovers
Online platform dedicated to your business development in France
Identify your prospects by crossing identity criteria, business indicators, web data, geolocation and your own data
Search for a company and get a complete view (capital tree, decision makers, financial data, etc.)
Segment your targets
Export decision makers to carry out your marketing campaigns
API / Connectors
Direct +
D&B Direct+ allows you to integrate D&B data into your CRM, SRM or ERP. This data and its analyses are constantly updated, allowing you to :
make your third-party data repository (customers, prospects, suppliers) more reliable,
have reliable data that is updated with each change,
Save time by integrating your data into your applications,
easily follow the evolution of your third parties in real time.
API / Connectors
Business Add-On
Integrate and optimise the management and reliability of your third parties in SAP® :
Control your data repository with the most reliable and comprehensive data from the D&B database,
get daily updated information,
integrated directly into your business applications.
The Supply solutions we offer
Altares supports its clients in the analysis and segmentation of the French market.
indueD facilitates your due diligence, for an optimised compliance of your business relations portfolio. Integrating the latest compliance regulations and thanks to dynamic data visualisation, indueD makes your compliance issues a reliable, simple and fast process. indueD is aimed at all sectors of activity exposed to compliance issues: banking & insurance, industry, distribution, etc., and more particularly at resource and purchasing departments.
Do you need quick access to official company documents ? You need to be sure of the origin of the document? It’s easy with inDoc!
Simply place your order, via the DUNS Number (or via a manual search) inDoc provides you with official company documents, by email, in less than 1 hour* in a large number of countries, facilitating your due diligence.
KYC, KYV, KYB, search for beneficial owners, screening of sanction lists: D&B Onboard helps you to cope with the increasing complexity of compliance obligations (including due diligence).
D&B Onboard simplifies your compliance procedures and saves you time on your audits in the face of changing regulations and obligations.
The DunTrade member-only payment behaviour analysis platform gives you an exclusive view of the Paydex, an index of your third party’s payment behaviour, allowing you to:
• Identify customers who pay you late, yet pay other vendors’ invoices on time.
• Also identify customers who pay all their suppliers late and who therefore seem to be in difficulty.
• To anticipate these risks well in advance of default, in order to support your customers in difficulty, while securing your outstandings.
Online platform dedicated to your business development in France
• Identify your prospects by crossing identity criteria, business indicators, web data, geolocation and your own data
• Search for a company and get a complete view (capital tree, decision-makers, financial data, etc.)
• Segment your targets
• Export the decision makers to carry out your marketing campaigns
D&B Direct+ allows you to integrate D&B data into your CRM, SRM or ERP. This data and its analyses are constantly updated, allowing you to :
• make your third-party data repository more reliable (customers, prospects, suppliers),
• have reliable and updated data with each change,
• save time by integrating your data into your applications,
• follow easily and in real time the evolutions of your third parties.
Integrate and optimise the management and reliability of your third parties in SAP® :
• control your data repository thanks to the most reliable and exhaustive data from the D&B database,
• get daily updated information,
• integrated directly into your business applications.
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