Supply Chain Risk Assessment Template

Identify and list the key components of the supply chain that are critical for the business. Consider both internal and external factors that impact the overall supply chain.

Evaluate the performance history of key suppliers to assess their reliability and ability to meet the company's requirements. Consider factors such as on-time delivery, quality of products or services, and customer satisfaction.

Evaluate the political and economic stability of regions where key suppliers are located. Consider factors such as political unrest, government stability, and economic indicators to assess the potential risks associated with the supplier's location.

Assess the potential natural disaster threats in regions where key suppliers are located. Consider factors such as earthquake risk, hurricane risk, and flood risk to evaluate the potential impact on the supply chain.

Evaluate the financial stability of key suppliers to assess their ability to withstand financial challenges and continue to meet the company's needs. Consider factors such as financial statements, credit ratings, and payment history.

Assess the potential for cyber security breaches in the supply chain. Consider factors such as data protection measures, IT infrastructure, and previous security incidents to evaluate the risk of cyber attacks.

Engage in discussions with key suppliers to identify potential supply chain disruptions. Consider factors such as production capacity, transportation challenges, and inventory management to assess the risk of disruptions.

Develop strategies to mitigate the risks identified in the previous tasks. Consider both proactive and reactive measures to minimize the impact of supply chain disruptions.

Develop a comprehensive business continuity plan to ensure the company can continue its operations in the event of a supply chain disruption. Consider factors such as alternative suppliers, inventory management, and communication protocols.

Evaluate the resilience of key suppliers to supply chain disruptions. Consider factors such as business continuity plans, backup suppliers, and crisis management capabilities to assess their ability to recover and maintain operations during disruptions.

Evaluate the legal and regulatory compliance of key suppliers. Consider factors such as licenses, certifications, and adherence to industry standards to assess their compliance with relevant laws and regulations.

Assess the level of interdependency between the company and its key suppliers. Consider factors such as the percentage of total purchases from key suppliers and the availability of alternative sources to evaluate the potential impact of supplier disruptions on the company's operations.

Analyse the potential impact of a supply chain disruption on customers. Consider factors such as customer demand, product availability, and customer satisfaction to evaluate the potential consequences of a disruption on the company's customer base.

Develop a plan to monitor and assess the risks in the supply chain on an ongoing basis. Consider factors such as risk indicators, data collection methods, and frequency of monitoring to ensure timely identification and response to potential risks.

Provide training to staff members on how to implement the supply chain risk monitoring plan and respond to potential disruptions. Consider factors such as training materials, communication channels, and role-specific responsibilities to ensure staff members are equipped to handle risks and disruptions effectively.