Administration Supplier Risk Assessment

Administration Supplier
Risk Assessment

Instructions: Complete all sections of this document to assess and document the potential risks associated with each of our suppliers. Accurate and thoughtful assessment is critical to our risk management strategy. Submit this document to the risk management team for further analysis and action planning.

Supplier Information

Supplier Name		Length of Relationship
Type of Service/ Product Provided		Annual Spend

Risk Assessment Criteria

Financial Stability: Evaluates the supplier's financial health to sustain long-term partnerships.
Supply Chain Reliability: Assesses the supplier's ability to deliver goods/services on time and handle disruptions.
Quality Compliance: Measures the supplier's adherence to quality standards and regulations.
Geopolitical Factors: Considers the impact of geopolitical risks where the supplier operates.
Technological Capabilities: Evaluates the supplier's technological advancement and its adaptability to change.

Risk Evaluation

Risk Category	Assessment	Comments
Financial Stability	Medium	Stable but faces competition
Supply Chain Reliability	High	Minor delays experienced last quarter
Quality Compliance	Low	Consistently meets quality standards
Geopolitical Factors	Medium	Operates in a region with political unrest
Technological Capabilities	Low	Lacks investment in new technologies

Overall Risk Rating & Justification

Medium. While Supplier demonstrates strong quality compliance, concerns about their supply chain reliability and the impact of geopolitical factors raise the overall risk rating to medium. Technological stagnation also suggests potential future risks in innovation and adaptation capabilities.

Risk Mitigation Strategies

Strategy	Implementation Plan
Diversify Suppliers	Begin sourcing similar components from an additional supplier to reduce dependency on Supplier.

Approval Signatures

Assessed by:

[Name]

[Position]

[Date]

Reviewed by:

[Name]

[Position]

[Date]