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Supplier risk assessment template

A risk register that rates each supplier on likelihood and impact and records the actions to take.

A supplier risk assessment looks at what could go wrong with each supplier and how much it would hurt. It helps you focus attention on the few suppliers whose failure would stop production, delay customers or damage your reputation.

This template rates financial, operational, geographic, compliance, cyber and ethical risk on likelihood and impact, calculates a score and records mitigating actions with owners.

Free to download. Available as Excel.

What's included

  • Supplier list with spend and criticality
  • Risk categories with guidance
  • Likelihood and impact ratings
  • Automatic risk score and rating
  • Mitigation actions and owners
  • Review date tracking

How to use this template

  1. List your suppliers and mark how critical each one is.
  2. Rate likelihood and impact for each risk category.
  3. Review the highest scoring suppliers first.
  4. Agree actions such as a second supplier, safety stock or an audit.
  5. Review ratings at least yearly or after any major event.

Frequently asked questions

Start with suppliers that are high spend, hard to replace or critical to your products or customers.

A supplier you rely on with no ready alternative. These are usually the highest priority risks.

Common actions include qualifying a second supplier, holding safety stock, tightening contract terms and auditing the supplier.

Need help putting this into practice?

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Last updated 22 October 2026