Understanding a Vendor Risk Appetite Statement

Proper vendor risk management helps define the risk your organization is willing to accept for any of the third parties in your vendor management portfolio. 

In order to properly manage your vendors and their associated risk, you need to thoroughly understand your organization’s vendor risk appetite statement. We’ve put together this infographic to help you get started.

Download the infographic for:

• A breakdown of what a vendor risk appetite statement is
• Questions to ask to determine if the vendor risk is acceptable
• Best practices to help improve your process