Hello Everyone,
I want to conduct Risk Assessment while selecting the supplier, I am not sure of what all parameters to be evaluated, kindly give me some example of it.
Thanks in advance

Bhavya
Hi Bhavya.
The gaps that you see between your evaluation and selection criteria and the suppliers response to your criteria are the risks.
Supply chain management must be an other big risk assessment consideration when you talk about suppliers. Supply chain visibility will be your risk mitigation.
Some examples:
Is the supplier a single source ? You are at risk if he is effected due to any reason. Decide when and what you intend to do
Is the supplier getting some critical raw material from say Japan? You are at risk if Japan is hit by an other major quake / tsunami. You may want the supplier to look for an alternate when times are good.
Is your supplier an ISO9001 company ? Yes, still you are at risk of good customer response if his CB seems to be rather an unrecognized one. You may want to audit him as a customer.
an on and on and on ....
I can give you dozens more. But you have to assess your supplier yourself on these risk lines first by having a good evaluation and selection criteria established.