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Supplier due diligence checklist

Supplier due diligence checklist

Ensure reliable supply chain partnerships and reduce risks with this due diligence checklist.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
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or Download template as PDF
Supplier due diligence checklist

Ensure reliable supply chain partnerships and reduce risks with this due diligence checklist.

Use this template with Lumiform

The Lumiform application helps frontline teams uphold internal standards effortlessly.
  • Customize this template or build your own
  • Fill out templates via mobile app
  • Assign and track corrective actions
  • Get reports and analyse your data
Prices start from ░░░ per month
Book a demo
Learn more
or Download template as PDF

This supplier due diligence checklist equips you with a starting framework for evaluating potential vendors across essential dimensions, like regulatory compliance, financial health, and track record reliability. These are the highest-risk areas that could impact your supply chain integrity.

Based on research by Gartner, 83% of legal and compliance leaders still found supplier risks after initial due diligence and before recertification. By customizing this template, you can create a consistent evaluation process that helps uncover these hidden risks before they affect your operations.

Related categories

Preview of the template
Compliance
Financial stability
Performance history

Frequently asked questions

How can I customize this supplier due diligence checklist for my industry?

You can adapt this checklist by adding industry-specific compliance requirements, financial stability indicators relevant to your sector, and performance metrics that matter most to your operations. Focus on regulations unique to your industry and critical performance factors that impact your supply chain.

How often should I conduct supplier due diligence using this checklist?

Conduct initial due diligence before contracting with new suppliers, then reassess annually for critical suppliers and every 2-3 years for non-critical ones. Additionally, trigger reassessments after significant changes in the supplier’s business or when performance issues arise.

What are the most important red flags I should look for when completing this checklist?

Watch for inconsistent financial reporting, expired compliance certifications, reluctance to provide requested documentation, and patterns of missed deliveries or quality issues. Also be cautious if suppliers have recent legal troubles or significant management changes.

How can I use this checklist to compare multiple potential suppliers?

Create a scoring system for each section, assigning points based on how well suppliers meet your criteria. This transforms qualitative assessments into quantitative scores, making supplier comparisons more objective and allowing you to rank candidates consistently.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.