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SAE AS5553 Supplier Risk Assessment Checklist

This checklist is designed to guide aviation industry professionals through a comprehensive supplier risk assessment process in compliance with SAE AS5553. It covers supplier qualification, performance evaluation, and ongoing monitoring to mitigate risks associated with counterfeit electronic parts.

SAE AS5553 Supplier Risk Assessment Checklist
by: audit-now
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About This Checklist

The SAE AS5553 Supplier Risk Assessment Checklist is an essential tool for aviation industry professionals to evaluate and mitigate risks associated with electronic parts suppliers. This checklist aligns with the SAE AS5553 standard, focusing on supplier qualification, monitoring, and risk management processes. By implementing this checklist, aerospace organizations can enhance their supply chain security, reduce the likelihood of counterfeit part infiltration, and maintain compliance with industry regulations.

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Industry

Aviation

Standard

SAE AS5553

Workspaces

Aerospace Procurement Office

Occupations

Supplier Quality Engineer
Procurement Manager
Supply Chain Analyst
Quality Assurance Specialist
Risk Management Officer

Supplier Risk Assessment Questions

(0 / 4)

1
When was the last audit conducted for the supplier?

Select the date of the last audit.

To keep track of audit frequencies and ensure timely assessments.
2
What measures does the supplier have in place to prevent counterfeit parts?

Describe the measures taken by the supplier.

To evaluate the supplier's commitment to counterfeit part prevention.
3
What is the performance score of the supplier (1-5)?

Provide a score from 1 (Very Poor) to 5 (Excellent).

To assess the performance and reliability of the supplier.
Min: 1
Target: 5
Max: 5
4
Is the supplier compliant with SAE AS5553 requirements?

Select the compliance status of the supplier.

To ensure that the supplier meets the necessary compliance standards.
5
What is the supplier's on-time delivery rate percentage?

Enter the on-time delivery rate as a percentage.

To evaluate the supplier's reliability in meeting delivery schedules.
Min: 0
Target: 95
Max: 100
6
What corrective actions has the supplier implemented in response to previous findings?

Provide details of the corrective actions taken.

To assess the supplier's responsiveness to past issues.
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7
What is the assessed risk level of the supplier?

Select the risk level based on assessment.

To categorize the supplier based on risk assessment criteria.
8
Does the supplier have a documented quality management system in place?

Indicate whether the supplier has a documented system.

To verify if the supplier follows quality management practices.
9
How many non-conformance reports have been issued against the supplier in the last year?

Enter the total number of non-conformance reports.

To gauge the frequency of issues identified with the supplier.
Min: 0
Target: 0
Max: 100
10
What is the frequency of audits conducted on the supplier?

Select the frequency of audits for the supplier.

To ensure that audit frequencies align with the assessed risk level of the supplier.
11
When is the next scheduled review of the supplier's performance?

Select the date for the next review.

To keep track of future assessments and ensure timely follow-ups.
12
Has the supplier provided all required documentation for review?

List the documentation provided by the supplier.

To confirm that the supplier has submitted all necessary documents for assessment.
13
What is the current capacity utilization rate of the supplier (in %)?

Enter the capacity utilization rate as a percentage.

To evaluate the supplier's current operational efficiency and capability.
Min: 0
Target: 80
Max: 100
14
What innovation initiatives has the supplier undertaken in the past year?

Provide a detailed description of the innovation initiatives.

To assess the supplier's commitment to innovation and continuous improvement.
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15
Does the supplier have an ongoing training program for their employees?

Indicate whether the supplier has a training program.

To determine if the supplier invests in employee development and skills enhancement.
16
What is the assessment of the supplier's technical capability?

Select the level of technical capability of the supplier.

To evaluate whether the supplier has the necessary technical skills and resources.
17
What is the current debt situation of the supplier?

Provide details regarding any debts the supplier currently holds.

To evaluate the supplier's financial obligations and risk.
18
Does the supplier have adequate insurance coverage?

Indicate whether the supplier has adequate insurance.

To ensure that the supplier is financially protected against potential liabilities.
19
What are the supplier's standard payment terms?

Select the standard payment terms offered by the supplier.

To understand the financial arrangements and flexibility of the supplier.
20
What is the supplier's financial stability score (1-10)?

Provide a score from 1 (Very Poor) to 10 (Excellent).

To assess the financial health and stability of the supplier.
Min: 1
Target: 8
Max: 10

FAQs

The checklist helps organizations thoroughly assess suppliers' capabilities, processes, and controls, reducing the risk of procuring counterfeit electronic parts.

It evaluates suppliers' quality management systems, traceability processes, testing capabilities, and historical performance in delivering authentic parts.

Assessments should be conducted initially for new suppliers and periodically (typically annually) for existing suppliers, with additional reviews triggered by significant changes or performance issues.

Yes, the checklist can be tailored to address specific risks associated with different supplier categories, such as distributors, brokers, or original component manufacturers.

By providing a structured approach to supplier evaluation, it enables organizations to identify areas for improvement, set performance targets, and track progress over time.

Benefits

Streamlines supplier qualification and risk assessment processes

Helps identify potential vulnerabilities in the supply chain

Facilitates continuous monitoring of supplier performance

Supports data-driven decision-making in supplier selection

Enhances overall compliance with SAE AS5553 requirements