3 Planning Steps Before You Onboard a Vendor

Planning is a critical step in third-party risk management which must occur early in the onboarding process. Before completing your inherent risk assessment, due diligence, and contracting, you need to plan out certain details to ensure onboarding goes smoothly.

An effective planning process will justify the need, cost, and benefits of a vendor relationship and start your onboarding with the right steps to help you manage risk throughout the relationship.

Download the infographic to learn:

• Questions to consider during the planning stage
• Determining the purpose
• What should be included
• Who should be involved