Procedure
Supplier Ongoing Monitoring Procedure
This procedure defines the activities, frequencies, and escalation steps for ongoing monitoring of active supplier relationships. Monitoring ensures that supplier risk ratings remain current, contractual obligations are being met, and emerging risks are identified before they cause harm to the organization's operations, data, or compliance posture.
- Type
- Procedure
- Version
- 1.0.6
- Date
- 2026-11-07
- Owner
- Supplier Risk Maintainer
- Approving authority
- Governance Library Maintainer
- Classification
- Public
- Confidentiality
- Public
- Category
- Supply Chain Governance: Ongoing Monitoring
- Review frequency
- Annual and upon significant monitoring finding or regulatory update
- Licence
- CC BY-SA 4.0
Read the full text on GitHub (opens in a new tab)
Outline
- Purpose
- Monitoring principles
- Scheduled monitoring activities
- Continuous monitoring signals
- Trigger-based (unscheduled) reviews
- Reassessment process
- Findings and corrective action
- Monitoring records
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- Supplier Security and Privacy Assurance Standardsupply-chain
- Supplier Audit Proceduresupply-chain
- Supplier Risk Register Templatesupply-chain
- Key Risk Indicator Cataloguerisk
- Corrective and Preventive Action (CAPA) Procedurecompliance
- Supplier Exit and Data Return Proceduresupply-chain
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