What Is the Process of Vendor Risk Management?
Vendor risk management is the process and ongoing practice of identifying, assessing, managing, and monitoring the risks posed to your organization and its customers through vendor relationships.
Vendor risk management is a best practice, and, for many organizations, it's also a regulatory requirement. We'll dive deeper into the process of effective vendor management in this infographic.
Download the infographic to learn:
- Establishing governance and oversight
- Determining vendor criticality
- Identifying inherent risk
- What is involved in an effective vendor risk management process