A Produce Industry Credit Rating Guide
Since 2005, Blue Book Services has been the most trusted source of credit and trading information in the produce industry. Our proprietary Credit Scores help companies across the produce supply chain make better-informed decisions. Ratings are designed to act as predictive indicators, estimating the likelihood of negative credit events, such as payment defaults or delinquencies, over a 12-month period. Produce Blue Book Credit Scores complement a company’s rating and comprehensive business report. Our Credit Scores are exclusively available to our members, consider joining today to gain access to this invaluable information.
Check out a sample business report, featuring our Blue Book Credit Score.
Where Does a Blue Book Credit Score Come From?
The Produce Blue Book Credit Score is computed using a proprietary statistical credit score model. Blue Book Credit Scores are based on data and statistics related to the creditworthiness of a produce business, with the primary attribute being pay information received on the company.
Factors contributing to a business’ Blue Book Credit Score:
- Number of prompt pay responses
- Changes in the number of pay responses over time
- Consistency of the pay information
Pay information data comes from survey responses and accounts receivable aging data. Produce Blue Book also receives tens of thousands of surveys annually and $2 billion worth of real-time pay data monthly. This mountain of data is then translated into a score.
Scores range between 500 and 1000, with 1000 being the highest score. Higher scores represent a less likely credit event – delinquent or default on payment — will occur. The lower the score, the more likely a company will be delinquent or default on payment.
Benefits of Blue Book Credit Scores
Blue Book members can feel confident making business decisions using our credit scores. More than 5,000 produce and transportation companies have profiles available to view. Produce Blue Book Members also get access to unlimited searches, making it simple to locate a company by name, Blue Book Number, or location. Searching for qualified businesses becomes even easier with access to our mobile app.
Ways to Access Blue Book Credit Scores:
- Membership portal,
- Search database,
- The produce company’s profile page,
- Produce Blue Book business reports,
- Email a customer service representative,
- Call a customer service representative.
Enjoy Blue Book Membership Benefits
Our membership program can aid you in increasing profitability, resolving trading disputes, managing risk using our real-time data, and more. Explore how Blue Book membership can benefit your business and discover all the advantages of Blue Book Credit Scores today!
Reach out to a Blue Book Services representative with questions or to join today!
Learn how this transportation company relies on ratings to do business confidently.