A D-U-N-S quantity, quick for Information Common Numbering System, is a novel 9-digit identifier assigned to companies by Dun & Bradstreet. It serves as an ordinary method to establish and monitor companies for credit score reporting, threat evaluation, and different functions. As an example, an organization searching for to ascertain credit score with a vendor could also be requested to offer its D-U-N-S quantity.
D-U-N-S numbers are helpful as a result of they supply a constant and dependable method to establish companies, no matter their dimension or location. They assist cut back errors and enhance effectivity in enterprise transactions. The system was initially developed within the Sixties as a method to monitor authorities contractors, however it has since been adopted by companies worldwide.
