If your organization is in the early stages of your journey to find a vendor risk management (VRM) solution, a frequent challenge is that many teams are simultaneously educating themselves on what a vendor risk program necessitates while evaluating technology solutions to assist with the relevant decision-support components. Presuming that you have a basic understanding of what vendor risk management seeks to achieve, this guide hops right into it.
Download this high-level instruction guide regarding the basic components of a complete VRM program including:
- Vendor classification for a risk-based approach
- Prioritized assessment strategies
- Issue management to scale for the long term