This vendor risk assessment template is used to compare and evaluate different vendors. It is categorized according to a predefined set of organizational criteria but it is highly customizable to fit your business needs.
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The vendor risk assessment template supports detecting and evaluating any risks or hazards connected with a vendor’s operations and products, as well as their potential influence on your organization.
A vendor assessment checklist template is essential because it allows an organization to articulate the risks posed by its third-party vendor relationships. A third party’s risk is also the organization’s risk. Third-party vendors are often associated with financial, cybersecurity, information security, operational, reputational, and compliance risks.
Using vendor risk assessment checklist templates you can thoroughly evaluate the supplier’s adherence to legal obligations including due diligence, data protection, and security threats. You can download Lumiform’s free vendor risk assessment template or sign in with one of our packages for access to plenty of features with unlimited queries, custom functions, and many more to adapt the form to your needs. Above you can find our checklist article with tips and benefits around our third-party risk assessment template.
