Who Is a Critical Vendor?
Critical vendors are those who can significantly and negatively impact your operations if they suffer a prolonged outage or failure. Every organization must determine how it defines a critical vendor within their third-party risk management program.
Identifying your critical vendors is a necessary process as it drives many third-party risk management activities and gives you a better understanding of your operational resilience.
Download the infographic to learn:
- Three statements to determine if a vendor is critical
- Critical vendor expectations
- Useful regulatory criteria and industry standards