Who Is a Critical Vendor?

Critical vendors are those who can significantly and negatively impact your operations if they suffer a prolonged outage or failure. Every organization must determine how it defines a critical vendor within their third-party risk management program. 

Identifying your critical vendors is a necessary process as it drives many third-party risk management activities and gives you a better understanding of your operational resilience.

Download the infographic to learn:

• Three statements to determine if a vendor is critical
• Critical vendor expectations
• Useful regulatory criteria and industry standards