Vendor due diligence is one of the most vital activities within third-party risk management. It must be done before you sign the contract and as part of your re-assessment. This process of reviewing your vendors’ documents on a regular basis helps ensure these relationships are safe and sound.
It’s not always clear when and how often vendor due diligence should be done. By following these recommended guidelines for the frequency of due diligence, you can ensure your time and efforts are well spent.
Download the infographic to learn:
- What vendor due diligence is based on
- Frequency of vendor due diligence based on risk ratings
- 3 situations that trigger additional vendor due diligence
