A Supplier Risk Assessment Tool is an automated system designed to help organizations quickly and accurately assess the risks associated with their suppliers. The tool utilizes comprehensive data to measure a variety of criteria including financial stability, industry-specific regulatory compliance issues, customer service metrics, quality assurance reviews and more. By utilizing such data, organizations can evaluate how their suppliers may impact their supply chain activities and make proactive decisions to mitigate risk. This type of tool helps businesses identify areas of risk, prioritize their efforts, and develop action plans that minimize potential losses due to supplier negligence or inadequate performance.