Supplier risk definition

Supplier risk means the probability that an award may subject the procurement to the risk of unsuccessful performance or to supply chain risk (see Defense Federal Acquisition Regulation Supplement 239.7301).
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Supplier risk means the potential that a supplier will fail to deliver a commitment resulting in Crescent Point suffering a loss.
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Supplier risk means the probability that an award made to a supplier may subject the procurement to the risk of unsuccessful performance or to supply chain risk (see 239.7301).
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Examples of Supplier risk in a sentence

  • Such Supplier risk assessments may include requests for Customer’s custom questionnaires, or industry questionnaires.

  • The scope of this Service includes (but is not limited to): Implement Supplier risk management policies and procedures.

  • Notwithstanding that title shall not pass until payment is duly received by the Supplier risk in goods materials and components shall pass upon delivery to the Customer of such goods materials and components.

  • Supplier acknowledges that Customer will conduct ongoing Supplier risk assessments as part of its right to audit, which will occur no more than annually.

  • Irrespective of whether title to the Products remains vested in Supplier, risk in the Products shall pass to Customer upon delivery.


More Definitions of Supplier risk

Supplier risk means the potential that a supplier will fail to deliver a commitment resulting in
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Related to Supplier risk

  • Supplier/Contractor means the individual, firm or company with whom the contract has been concluded for supplying the Goods and Services under the Contract. The Supplier/Contractor shall be deemed to include its successors (approved by the purchaser), representatives, heirs, executors, administrators and permitted;

  • Supplier System the information and communications technology system used by the Supplier in performing the Services including any software, the Equipment and related cabling (but excluding the Commissioner System);

  • Supplier Equipment means the Supplier's hardware, computer and telecoms devices, equipment, plant, materials and such other items supplied and used by the Supplier (but not hired, leased or loaned from the Customer) in the performance of its obligations under this Call Off Contract;

  • Supplier Operations means all assets, processes and systems (including information systems), data (including Customer data), personnel, and sites, used or processed by Supplier from time to time in the performance of this Agreement.

  • Customer Equipment means hardware, software, systems, cabling and facilities provided by you and used in conjunction with the Equipment that we supply to you in order to receive the Services;