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Vendor Risk Assessment Template
A vendor risk assessment template is a structured spreadsheet for scoring the risks a supplier poses — continuity, financial, quality, delivery, price, compliance, data security and dependency. You rate each risk on likelihood and impact (1-5), multiply to get a risk score, and record a mitigation and owner. This free CSV template makes supplier risk visible, ranked and actionable.
Supplier risk is easy to ignore until a key supplier fails and takes your operation with it. A risk assessment forces the question early: what could go wrong with this supplier, how likely, how bad, and what will we do about it? This template scores each risk and pins a mitigation to an owner.
Download the Vendor Risk Assessment Template (CSV)
What's inside
- Standard supplier risk areas: continuity, financial, quality, delivery, price, compliance, data, dependency.
- Likelihood (1-5) and impact (1-5) columns with an automatic risk score.
- A high/medium/low banding guide for prioritising action.
- Mitigation and owner columns plus a review-frequency field.
How to use it
- Rate each risk area on likelihood and impact from 1 to 5.
- Read the risk score (likelihood × impact) and band it high/medium/low.
- Record a mitigation and an owner for every high and medium risk.
- Set a review frequency and re-assess as circumstances change.
Frequently Asked Questions
How do I score supplier risk?
Rate each risk on how likely it is (1-5) and how damaging it would be (1-5), then multiply the two for a risk score out of 25. Higher scores demand action first. This likelihood × impact method is simple, consistent and easy to explain to stakeholders.
Which supplier risks should I assess?
The common ones are supply continuity (single-source dependency), financial instability, quality failure, delivery/lead-time risk, price volatility, compliance/regulatory risk, data security and over-dependency. The template lists each so none is overlooked, and you can add category-specific risks.
How does buying through Lapasar Mall reduce risk?
A marketplace with many verified suppliers reduces single-source dependency, gives you alternatives if one supplier fails, and provides competitive pricing that dampens price-volatility risk — all of which lower the scores in an assessment like this.
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