Vendor relationships naturally expose your organization to risk. These can impact your organization in many ways, so it’s important to identify vendor risks before beginning a relationship.
One of the first steps in this process is the inherent risk assessment. This internal document identifies the types and amounts of risks present in the vendor’s product or service. Inherent vendor risk is the level of risk your organization faces from a vendor relationship without any safeguards or controls in place.
Download the eBook to learn:
- Common vendor risk types with sample questions
- Next steps after determining inherent vendor risk
- How to use inherent risk in your program decisions
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