Third-Party & Supply Chain Risk Glossary

Clear definitions for risk, procurement, and compliance teams managing vendor and supply chain exposure.

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20 terms in Assessment and Due Diligence

B

C

D

F

Financial Condition Review

Financial Viability

Financial Viability Review

G

Going Concern Assessment

I

Insolvency Risk Assessment

L

Likelihood Assessment

P

Pre-Contractual Assessment

Pre-Outsourcing Risk Evaluation

R

Reputational Screening

S

Security Questionnaire

Standardized Control Assessment

Substitutability Assessment

Supplier Compliance Audit

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