Supplier Risk Analysis is a process of assessing the risk to an organization posed by its suppliers or vendors. It involves identifying, analyzing and managing the risks associated with vendor-related activities such as purchasing, contracting, sourcing, production, and other activities. The goal of supplier risk analysis is to identify potential risks and take proactive measures to reduce their effect on the organization’s operations and financial performance. This includes ensuring that vendors meet legal requirements, are reliable in delivering goods, provide necessary services promptly and effectively, and do not pose any reputational risk.