In a recent survey, 72% of respondents said they do not have adequate tools and processes to manage vendors.
The vendor risk assessment is the glue that holds together a strong vendor management program. When done well, a risk assessment is key to understanding third party risks and managing relationships properly. Asking the right questions help mitigate risks related to outsourcing critical functions and assists in uncovering otherwise hidden risks in the products and relationship.
This SRM Academy Brief discusses how and why to conduct a thorough vendor risk management assessment to prevent compliance and security issues.
Topics covered include:
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The importance of vendor risk assessment
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How to build and maintain a process for vendor risk assessment
- The emergence of increased regulatory scrutiny regarding vendors
Fill out the form on the right to access this brief and receive a downloadable copy via email.
