Supplier Risk Scorecard Definition
A supplier risk scorecard is a tool used by organizations to evaluate and track the risks associated with their suppliers. The scorecard typically includes a range of factors that are used to assess supplier risk, including financial stability, quality control, delivery performance, and compliance with regulations.
Organizations use supplier risk scorecards to identify potential risks early on and take steps to mitigate them. By tracking supplier risk over time, organizations can also spot trends and develop strategies to further reduce their exposure.
