How to Classify Who Is a Critical Vendor

You can probably identify a few vendors that provide a lot of value, but do you know which ones are critical to your organization? These are the vendors that your organization needs to function properly. It’s essential to have clear criteria to identify them, as it’s not only a best practice, but a regulatory requirement. 

All your vendors are important and need to be managed, but your critical vendors will require the most attention in your third-party risk management program. So, how do you determine who these critical vendors are? Join us for this session on vendor criticality where you’ll learn the basics of how to identify your critical vendors and some tips on how to manage them effectively. We’ll discuss why you need to determine criticality and the importance of separating criticality from risk ratings. 

Register now to learn:

• The importance of vendor criticality 
• A description of business impact risk 
• The difference between criticality and risk ratings 
• The questions to determine criticality 
• How to manage your critical vendors 
• Key takeaways