How to Use Business Credit Scores to
Reduce Supply Chain Risk

What it is about?

Many people use credit scores on an everyday basis for personal purposes, so it is natural that they make a read-across between their understanding of personal scores and business scores.

However, SpendQube’s research has suggested that the understanding within the procurement and supplier management community of the differences between the two categories is limited.

SpendQube’s aim is to shed light on this topic and answer some of the key questions on credit scoring, and so, in this white paper we will:

• Walk you through the scoring process in detail
• Help you understand how agencies approach scoring and assess risk, and provide useful examples at each stage
• Establish why a business credit score can be a beneficial tool for supply chain risk management
• Put the business credit score into context against the rest of the elements involved in supply chain risk management