Supplier Risk Assessment Services is a professional process for evaluating the potential financial and operational risks associated with the procurement of goods or services from suppliers. This assessment process helps organizations identify areas of exposure to risk, make informed decisions about supplier-related processes, and take proactive steps to mitigate those risks. Supplier risk assessments involve the review of internal controls, risk management protocols, supply chain contracts, payment terms and audit histories. The goal is to enable organizations to confidently choose the right suppliers, based on an understanding of their financial and operational risks.