Use our free checklists to easily perform a vendor risk assessment.
This vendor risk assessment template is used to compare and evaluate different vendors. It is categorized according to predefined set of organizational criteria but it is highly customizable to fit your business needs.Download template
The risk assessment of suppliers serves to evaluate third-party suppliers as possible business partners. In this way, risks and hazards associated with the supplier's processes and products can be identified.
With a checklist, you can comprehensively assess the supplier's compliance with legal requirements such as due diligence, data protection and security risks. Keep an eye on product costs, service delivery, etc. to prevent business damage.
A rating of suitable suppliers is crucial. Even small orders can cause enormous damage if they are executed incorrectly.
The following 3 tips will help you with the careful assessment:
With Lumiform's mobile app you can easily perform quality and safety checks, report problems in no time and quickly assign corrective actions to responsible colleagues. Easy communication with all team members and third parties allows you to improve internal processes and resolve incidents up to four times faster.