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Dictionary by pitch.dog
Procurement evaluation & award · Core

Supplier risk assessment

Also called: vendor risk assessment

ELI5

Evaluation of operational, financial, compliance, security and concentration risks of a supplier.

Used in conversation

“Keep supplier risk assessment on the dashboard, but show the definition and reporting period beside it.”

Pitch context

You will see “Supplier risk assessment” in operating plans, procurement packs, supplier reviews and supply-chain reports when the discussion reaches procurement evaluation & award.

Why it matters: In procurement evaluation & award, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

When the words have to travel

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Sources & evidence · 3

Direct term-level sources and supporting source families.