Procurement Supplier Risk Assessment Template (.xls)
When choosing a supplier or service provider, especially in the current upcoming web3 network, you need more than surface-level assurance. You need confidence that your vendors meet the highest standards of security, compliance, and reliability. That’s where our Procurement Supplier Risk Assessment Template comes in. This template is a practical Excel document set up by our CISO’s to help you assess the security posture, compliance readiness, and overall reliability of your vendors. Whether you’re evaluating a cloud supplier, a third-party IT service, or a potential long-term partner, this template gives you tools to make informed and confident decisions.
A Vendor Risk Assessment Tool
Our Supplier Risk Assessment Checklist covers important areas:
- Cybersecurity Practices: Evaluate encryption, access control, and vulnerability management.
- Compliance: Ensure your vendors align with ISO 27001 standards, GDPR, and other key regulations.
- Business Continuity: Assess their disaster recovery and operational reliability plans to protect your organization.
Easy-to-Use Vendor Security Questionnaire
The Vendor Security Questionnaire Template portion of this .xls template makes it simple to gather and evaluate details from suppliers. Sections include:
- Data Retention Policies: Know how long and why vendors store sensitive information.
- Audit Trails: Ensure transparency in their operations.
- DPIA Support: Identify if a Data Protection Impact Assessment (DPIA) is required or has been completed.
Features of the Supplier Risk Assessment Template
- Customizable and Flexible
Delivered in an editable Excel format, this Cloud Supplier Risk Assessment Template adapts to your specific needs. - Clear Risk Ratings and Visualizations
Each question includes a risk rating, and the results are displayed in an intuitive, color-coded risk map. - Actionable Insights and Recommendations
Receive clear recommendations based on your findings, helping you decide whether to proceed with a vendor confidently. - Holistic Coverage
With sections on cybersecurity, compliance, and business continuity.
Who Should Use This Template?
This tool is perfect for:
- Procurement Teams: Streamline your evaluations with a robust supplier risk assessment checklist.
- Compliance Officers: Stay aligned with ISO 27001 third-party risk assessment requirements.
- IT and Security Leaders: Ensure vendors meet cybersecurity standards.
Why Choose This Template?
We understand the challenges of vendor evaluations because we’ve been there. With this Vendor Risk Assessment Template, you get:
- Expert-Designed Frameworks: Aligned with ISO 27001 and industry best practices.
- Practical Tools: Ready-to-use formats that save time while delivering professional results.
- A Strategic Edge: Gain confidence in your procurement decisions with thorough insights.
Compliance for ISO 27001
The third-party risk assessment is for alignment with the ISO 27001 requirements, such as:
- Control 5.19: Information Security in Supplier Relationships
- Control 5.20: Addressing Information Security Within Supplier Agreements
- Control 5.21: Managing Information Security in the ICT Supply Chain
- Control 5.22: Monitoring, Review, and Change Management of Supplier Services
- Control 5.23: Information Security for Use of Cloud Services
Take Control of your Vendor Selection Process
The Procurement Supplier Risk Assessment Template is your document for vetting and managing vendor risks.
