What is D-U-N-S® Number？

   

    The D-U-N-S® Number is a unique ,nine-digit global coding system, the equivalent of enterprise identity ( just like a personal ID card), widely use in enterprise identifying  business information management and organization. Can help to identify and quickly recognize information of 240 million enterprises in worldwide.

     

    As an international recognized, commonly be used in company identification symbol in e-commerce, the D-U-N-S® Number has been acknowledged 、recommended or requested to use this coding system among the word`s most influential standard –setting bodies such as International standardization Organization , more than 50 global industries and trading institutions, the US Federal Government, the Australian government and European Commission and so on.

     The D-U-N-S® Number is the key to establish the enterprise family tree successfully. As the same enterprise in the local entities have their own code, a large enterprise family try may contain many different code . Through the D-U-N-S® Number can link 140 million enterprise’s parent firm, subsidiary corporations, headquarters and branch companies to be a family tree.  

     

     The D-U-N-S® Number link and identify the business partner with enterprise family tree .It can help enterprise to easy recognize various of relationships of all kinds of family tree、to distinguish an enterprises in a related member of the whole 、to view the risks and opportunities in the business relation.

Brief

     The code is issued by Dun&Bradstreet , and each number corresponds to a unique business entity and will not be reused. In other words , a number represents a corporate entity. The viewers can quickly get original, abundant and high quality information products and service with the D-U-N-S® Number.

Function

1、International recognition.
As an international recognized, commonly be used in company identification symbol in e-commerce, the D-U-N-S® Number has been acknowledged 、recommended or requested to use this coding system among the word`s most influential standard–setting bodies such as International standardization Organization , more than 50 global industries and trading institutions, the US Federal Government, the Australian government  and European Commission and so on. As a tool for their internal management. In the other words. This number is to establish a cooperative relationship with them or the premise of handling import and export successful. Therefore, the D-U-N-S® Number is a ticket to open overseas trade for domestic enterprise.

2、Management standard.

Some Fortune 500 companies also embed the D-U-N-S® Number into their internal operating systems and process in a variety of ways to manage their business partner`s information. Such as Delphi, General Motors, VeriSign, Fujitsu, Philips, Samsung, Wal-Mart, Dell, ZF, Whirlpool, UPIK, HSBC, etc., these big buyers require their cooperator must have the D-U-N-S® Number before they start to cooperate.

These institutions and enterprises can retrieve corporate credit files (if any) from the DUNS Number global database (about 240 million enterprises information). The record of the D-U-N-S® Number global database is constantly being updated and improved; we can consider that it is the largest enterprise database in the world. Therefore, the enterprise have the D-U-N-S® Number is the primary standard that to meet requirement of cross-border buyers.

3、Identify family affiliated company. 

The D-U-N-S® Number is the key to establish the enterprise family tree successfully. As the same enterprise in the local entities have their own code, a large enterprise family try may contain many different code . Through the D-U-N-S® Number can link 140 million enterprise`s parent firm, subsidiary corporations, headquarters and branch companies to be a family tree. If both of the parent company and subsidiary corporation of business family have their D-U-N-S® Number, it is helpful for the buyer to know whole scale and strength, and willing to cooperate with you , to bring your more order.

4、simplify customs clearance process.

(10 + 2) - Importer Security Filing, which enforced by the US Customs on January 26, 2010, requires importers to declare 10 items within 24 hours before loading , if the supplier have a D-U-N-S® Number ,according to the regulation , the company don`t need to fill the name, address and other information, greatly simplify the declaration process. So the US importers have gradually required the supplier in worldwide, including Chinese suppliers must provide the D-U-N-S® Number,

Applications
1、ou can find more commercial opportunities in the enterprise family tree with the D-U-N-S® Number.

2、To avoid repeating typing, and to set up more valuable database of clients and suppliers.

3、With EDI and bar code ,the trading is easier and the communication is simpler.

4、Identify the relationships among the supplier, manage the supply chains effectively , get more purchase discounts, reduce operation costs.

5、To search new customers and unified information into the customer file , you can find more opportunities to increase income and to service customer.

6、To contact relationship with clients and supplier with the D-U-N-S® Number to fully integrate the enterprise`s internal system.

Features

The difference between the D&B D-U-N-S® Registered™

Since 2009, in order to make the enterprise information which behind the D-U-N-S® Number can better show the status of corporate credit, the D-U-N-S® Number upgrade to become D&B D-U-N-S® Registered™ service ,includes a series of services such as D&B D-U-N-S® defined authorized, D&B D-U-N-S® Registered™  logo, Company Electronic Business Card, Credit Report ,Tracking and Maintenance of Corporate Credit File.

The business opportunities and Value created by the D-U-N-S® Number is only “the tip of the iceberg”; How to maximize the utilization of the D-U-N-S® Number, to explore the huge value like “under the sea iceberg” is an important guarantee for long-term profitability. D&B D-U-N-S® Registered™  abase on the D-U-N-S® Number, and helps enterprise build self-confidence , win the marketing , and promote the long-term sustained developments of the “upgrade accelerator” ,For Chinese companies engaged in international business ,in highly competitive international market, with the D-U-N-S® Number and D&B D-U-N-S® Registered™ double support, with standardized identify label, to effectively respond the demand and challenges in the international market, to win plentiful opportunities.

The D-U-N-S® number is available at the first time to apply the D&B D-U-N-S® Registered™ . The D&B D-U-N-S® Registered™ take the initiative to track and maintain the data in database of the D-U-N-S® Number. To help the company attract concern from the buyers at the initial contact. At the initial stage to show the company is a supplier in line of the international standard; before the overseas buyer have a deep investigation ,the company can take the initiative to announce company information which verified by Dun & Bradstreet, to shortens the audit cycle ,deepen trust , increase the opportunities of the order.

Meanwhile, the purchaser according to The D&B D-U-N-S® number which provide by supply to check the credit file in The D&B D-U-N-S® number database( if the company have applied the D&B D-U-N-S® Registered ™) to evaluate the qualification of supplier ,shorten the audit cycle.

Professional connector agents First Green trading Co., Ltd. Chen engineers pointed out that there are many buyers will require suppliers to provide their the D-U-N-S® Number, so that buyers can have a query with the D-U-N-S® Number database to evaluate the supplier`s qualification, and shorten the assessment of the supplier business cycle. Chen engineers also mentioned that the most of Chinese foreign trade enterprises have applied for their own D-U-N-S® number, and some foreign-owned enterprised have not realized the importance of D-U-N-S® number, hoping to pay more attention ,.after all, the D-U-N-S® number, is a globally common enterprises identity card.