Hoovers’ Pre-Screening Capabilities

In today’s global business environment, supplier screening is more than a checkbox—it’s a strategic necessity. With supply chain disruptions, compliance risks, and financial instability on the rise, procurement teams need smarter tools for supplier evaluation to assess vendors quickly and accurately.

Enter the streamlined procurement process for efficient supplier evaluation. D&B Hoovers, a leading business intelligence platform enhances supplier performance management and improves procurement efficiency through tracking and analysis, that is transforming how companies approach supplier due diligence. While traditionally used for sales prospecting, Hoovers’ pre-screening capabilities are proving to be a powerful asset for supplier risk management and procurement optimization pre-screening capabilities are proving to be a powerful asset for supplier risk management and procurement optimization.

What is Hoovers Pre-Screening?

D&B Hoovers offers access to detailed data on millions of companies worldwide. Its pre-screening feature allows users to filter and prioritize companies based on:

• Financial health and strong supplier relationships
• Industry classification
• Risk indicators
• Operational insights

For procurement professionals, this means faster, smarter decisions when evaluating potential suppliers.

Why Supplier Screening Is Critical

Poor supplier choices can lead to:

• Operational delays
• Compliance violations
• Reputational damage
• Unexpected costs can disrupt procurement efficiency within the supply chain management process.

Effective supplier screening helps mitigate these risks by ensuring vendors meet your company’s standards for reliability, ethics, and performance, thereby improving procurement efficiency.

5 Ways Hoovers Enhances Supplier Screening

1. Evaluate Financial Stability

Hoovers provides access to important insights into the legitimacy of a business entity. These insights help procurement teams avoid financially unstable suppliers that may pose delivery or performance risks.

2. Identify Compliance and Risk Flags

Quickly screen suppliers for:

• Legal disputes
• Regulatory violations
• ESG concerns
• Sanctions

This ensures compliance with internal policies and global regulations, thereby mitigating risks.

3. Filter by Location and Industry

Need suppliers in a specific region or sector to optimize your procurement process? Hoovers allows filtering by:

• Geographic location
• SIC codes
• Company size which can affect supplier selection and procurement strategies, influencing performance metrics.

This supports supplier management by providing essential insights for decision-making. diverse supplier sourcing and low-risk geographic targeting.

4. Analyze Operational Footprint

Understand a supplier’s:

• Ownership structure
• Subsidiaries
• Recent news and changes

This helps assess long-term viability and strategic alignment.

5. Monitor Suppliers in Real Time

Hoovers offers real-time alerts Our system provides insights on changes in a supplier’s risk profile, enabling proactive risk management and ongoing supplier performance management.

Final Thoughts: Smarter Supplier Screening Starts with Better Data to mitigate risks.

In a world where supply chain resilience is critical, Hoovers’ pre-screening capabilities offer procurement teams a smarter way to evaluate suppliers. By leveraging real-time data, predictive analytics, and customizable filters, businesses can reduce risk, improve compliance, and build stronger supplier relationships.

Whether you’re sourcing locally or globally, Hoovers helps you make informed decisions that protect your operations and reputation.

Ready to Transform Your Supplier Screening Process with a focus on supplier performance?

Discover how Hoovers can help your procurement team make smarter, faster decisions to enhance procurement efficiency.
Contact us today for a free demo or consultation.