Vendor risk management involves securing the organization's operations against avoidable interruptions, controlling costs, driving service excellence, protecting your brand and reputation, and ensuring regulatory and legal compliance. It aims to mitigate third-party risks associated with outsourcing a product or service and promote stronger vendor relationships.
There's a lot to know to have a successful vendor risk management program. This infographic breaks down the what, why, who, and how.
Download the infographic for:
- What vendor risk management
- The strategic value of vendor risk management
- The parties involved in vendor risk management
- An overview of the vendor risk management lifecycle
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