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The Ultimate Infograpic: What is Vendor Management?

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what is vendor management for bank credit union

Vendor management. Third party risk management. What does it mean?

Vendor management is both a science and an art - you need to have a process and be ready to be creative when needed to protect your financial institution. 

In this infographic, we break vendor management down into 8 key steps.

DOWNLOAD OUR INFOGRAPHIC TO LEARN:

  • How to identify your vendors 
  • 8 essential steps of vendor management
  • Why you prioritize according to risk level
  • The importance of fourth parties

Download Infographic