Procurement Supplier Risk Assessment Template
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 cybersecurity consultants 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, confident decisions.
A Vendor Risk Assessment Tool
Built for Real-World Challenges
Our Supplier Risk Assessment Checklist covers every critical area:
- 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.
This is about ensuring every vendor aligns with your security and business needs.
Compliance That Goes the Extra Mile
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
These controls can assists you with your procurement decisions and offer great guidance.
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.
This increases your chances that every vendor you work with meets your security expectations & compliance standard.
Key Features
- 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.
Take control of your vendor selection process today.
The Procurement Supplier Risk Assessment Template is your document for vetting and managing vendor risks.
