Document background
The Supplier Risk Assessment document serves as a critical tool for organizations operating in Austria to evaluate and monitor risks associated with their supplier relationships. This document becomes necessary when establishing new supplier relationships or conducting periodic reviews of existing suppliers, particularly in light of stringent EU and Austrian regulatory requirements. It incorporates comprehensive risk evaluation criteria covering financial, operational, compliance, and data protection aspects, aligned with Austrian commercial law (UGB) and EU regulations. The assessment framework is designed to help organizations identify, assess, and mitigate supplier-related risks while ensuring compliance with relevant legislation. It includes specific sections addressing Austrian data protection requirements, environmental regulations, and industry-specific compliance standards, making it an essential tool for risk management and due diligence processes.
