Resources » Vendor Risk Assessment Template

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.

Other procurement templates

• Procurement Policy Template
• RFQ Template
• Purchase Order Template
• Purchase Requisition Template
• Vendor Scorecard Template
• Supplier Onboarding Checklist
• Procurement Savings Tracker
• Approval Matrix Template
• Budget Request Form Template
• Spend Analysis Spreadsheet
• Procurement KPI Dashboard
• Supplier Audit Checklist
• Contract Register Template
• Supplier Quotation Comparison
• Annual Procurement Plan

All procurement resources | Browse the catalogue | Contact us