vendor-assessment

To assess vendor risk, classify suppliers using the Kraljic matrix to assign tiers like Strategic or Bottleneck. This evaluates readiness across six dimensions to generate a structured assessment with actionable recommendations for onboarding decisions.

A six-dimension vendor assessment evaluates commercial, operational, financial, compliance, strategic, and geopolitical supplier risk. It requires data on spend, dependency, alternatives, contract status, delivery metrics, financial visibility, certifications, and country risk to output prioritized actions.

Yes, you can use the Kraljic matrix alongside six-dimension risk evaluation to support exit strategies. By analyzing spend, dependency, and alternatives, the assessment outputs red, amber, or green flags to guide contract termination and exit decisions.

Monitor supplier risk during quarterly and annual reviews by applying a structured six-dimension assessment. This tracks commercial, operational, and geopolitical changes, surfacing red or amber flags and generating a prioritized actions list for continuous governance.

The best way to evaluate strategic suppliers is applying a six-dimension assessment using the Kraljic matrix. Analyzing high spend and lack of qualified alternatives classifies the vendor as high-risk, generating a mandatory output header and prioritized mitigation actions.