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Industries

Retail

Venminder is trusted by 1,200+ organizations to help
manage, assess, and mitigate vendor risks.

Manage the changing supply chain and protect consumer data.

 

Suppliers and vendors are the backbone of the retail industry. Whether shipping products or offering payment services, suppliers impact every part of the buying journey. So, when a supplier shuts down, goes bankrupt, or experiences a data breach, how is your retail organization prepared to respond and keep customers safe?

Vendor risk management proactively identifies and addresses supplier and vendor risks before it becomes an issue. A strong vendor risk management program also ensures compliance with PCI DSS and various privacy laws across states and countries.  

83%

of retailers had to diversify supply chains in last 12 months due to supplier financial issues

$2.96 million

average cost of a data breach in retail

53%

of retailers don't run supplier compliance checks to prevent child labor

In what seems like an unpredictable supply chain, Venminder helps retailers stay ahead of the curve with a centralized platform to manage supplier contracts, send out risk assessments, and offer real-time views of supplier risks.

Easily assess a vendor’s business continuity plans, compliance with regulations like PCI DSS, and cybersecurity resilience with customizable risk assessments. Venminder can even take care of receiving and reviewing vendor documentation with our subject matter experts! 

Gain Real-Time Visibility Into Supplier Risks

As supplier risks change quickly, utilize Venminder's risk intelligence data to make risk-based decisions and mitigate risks as they change and emerge. 

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Support Supplier Regulatory Compliance

As suppliers are spread across the globe, it's important to ensure they comply with a variety of regulatory compliance. Venminder's platform helps ensure compliance with the most stringent regulatory guidelines. 

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Access Skilled Expertise to Guide Program Success and Review Supplier Risk

Qualified and certified third-party risk experts are available for questions or to assist in guiding your program to success. Includes CISSPs, CPAs, financial risk analysts, paralegals, and more. Venminder's experts can review supplier questionnaires and controls and offer recommendations. 

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Automate Key Tasks and Reminders

Venminder's automations can collect and maintain vendor documents, send emails and reminders, and assign tasks. Set up workflows to ensure consistency in third-party risk management. 

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Read a Case Study

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See how organizations manage suppliers with Venminder

Other organizations across industries use Venminder to manage suppliers and enhance risk management programs. Hear first hand how Venminder has benefitted organizations with these case studies. 

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Order Vendor Risk Assessments Online

Completed assessments can be searched, previewed, and ordered directly from the Venminder Exchange

 

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