Skip to content 
A D-U-N-S Number is a unique nine-digit identifier assigned to businesses by Dun & Bradstreet (D&B). It is used to establish a business’s credit profile worldwide and is a recognized standard for business identification in global commerce. The D-U-N-S Number is often used by organizations and governments in evaluating the financial and operational aspects of a business partner.
Key Benefits
– Global Business Identifier: The D-U-N-S Number provides a unique nine-digit identifier for businesses globally. It is used extensively to establish a universal and standardized business indexing. This identifier helps in distinguishing companies clearly and maintaining corporate identity on an international scale.
– Credit Worthiness and Financial Health Verification: Companies often require a D-U-N-S Number to assess a business’s creditworthiness and financial reliability. This identification is crucial for businesses seeking partnerships, loans, or supplier contracts, as it provides valuable financial insights and enhances trust between business entities.
– Regulatory Compliance and Due Diligence: Having a D-U-N-S Number can streamline compliance with various local and international regulations. It supports due diligence processes by offering a standardized reference for assessing compliance aspects concerning business operations and governance.
– Facilitator of Access to Government Contracts and International Markets: Many government entities and international markets require vendors and partners to have a D-U-N-S Number. It serves as a prerequisite for participating in tenders and accessing lucrative market opportunities that require a verifiable business identity.
– Comprehensive Supplier and Partner Evaluation: The D-U-N-S Number enables businesses to perform thorough evaluations of potential suppliers and partners. Its use assists in retrieving comprehensive data and analysis reports, which facilitate informed decision-making in supplier and partner selection processes.
Related Terms
– Global Business Identifier: The D-U-N-S Number provides a unique nine-digit identifier for businesses globally. It is used extensively to establish a universal and standardized business indexing. This identifier helps in distinguishing companies clearly and maintaining corporate identity on an international scale.
– Credit Worthiness and Financial Health Verification: Companies often require a D-U-N-S Number to assess a business’s creditworthiness and financial reliability. This identification is crucial for businesses seeking partnerships, loans, or supplier contracts, as it provides valuable financial insights and enhances trust between business entities.
– Regulatory Compliance and Due Diligence: Having a D-U-N-S Number can streamline compliance with various local and international regulations. It supports due diligence processes by offering a standardized reference for assessing compliance aspects concerning business operations and governance.
– Facilitator of Access to Government Contracts and International Markets: Many government entities and international markets require vendors and partners to have a D-U-N-S Number. It serves as a prerequisite for participating in tenders and accessing lucrative market opportunities that require a verifiable business identity.
– Comprehensive Supplier and Partner Evaluation: The D-U-N-S Number enables businesses to perform thorough evaluations of potential suppliers and partners. Its use assists in retrieving comprehensive data and analysis reports, which facilitate informed decision-making in supplier and partner selection processes.
References
For further insights into these processes, explore Zycus’ dedicated resources related to Duns Number:
- The Procurement Rumble: Challenges with AI Agents Integration in Procurement
- 5 procurement levers to optimize manufacturing supply chain during a pandemic
- Counterintuitive strategies to navigate the recession: Part 3
- A CFO’s Guide to Procurement and Contract Management Benchmarking
- Revolutionize Procurement with Zycus Catalog Solution
White Papers
Master the UK Procurement Act 2023: Ensure Compliance & Drive Procurement Excellence
Filter by
Supplier Lifecycle Management (SLM)
Supplier Lifecycle Management (SLM) — also known as Vendor Lifecycle Management — is the end-to-end, strategic management of a supplier
Purchase Requisition Software
Purchase Requisition Software is a digital solution that standardizes, automates, and governs the process of requesting goods and services before
eSourcing Software
eSourcing software is a digital platform that automates, standardizes, and governs the strategic sourcing process — from supplier discovery and
Invoice Approval Software
Invoice Approval Software automates the review, validation, and authorization of supplier invoices before payment. It ensures that every invoice is
Supplier Management System (SMS)
A Supplier Management System (SMS) is an integrated digital platform that centralizes, governs, and optimizes all activities related to suppliers
Supplier Management Software
Supplier Management Software (SMS) is the digital platform that centralizes supplier information, streamlines onboarding, monitors performance, manages risk and compliance,
