Procurement professionals must consider multiple factors to protect their enterprise risks — from performance and quality problems, compliance issues, changing regulations to cybersecurity, environmental and geopolitical problems, and social responsibility.
As supply chains become more complex, external risks like natural disasters and geopolitical risks can be difficult to prepare for, whereas risks like quality control issues or operational failures can be easier to predict.
Leverage this checklist to assess supplier risks prepared based on key components of a “World-Class Supplier Risk Assessment Program.” With this checklist, Aavenir recommends that companies be diligent in document verification by validating all documents mentioned. Continuous monitoring of these supplier risks is also suggested to enable companies to maintain real-time, third-party verification of supplier information.
Download this Supplier Management Risk Assessment Checklist to evaluate risk exposure in vendor contract management.
Access this checklist by completing the form on the right and clicking “Download Now.”