Managing Risk Throughout the Vendor & Supplier Risk Lifecycle

Often represented as a rotating wheel, the vendor and supplier risk lifecycle is the repeated process of identifying and managing the risks associated with you vendor/supplier, as well as the products or services they provide, for as long as you have a relationship. Does the rotating lifecycle ever make you dizzy? Do you know where each stage begins and ends? Have you ever wished for a more user-friendly explanation of when and how the onboarding, ongoing monitoring and offboarding of you vendor/supplier relationships should actually happen?

In this on demand session, we'll help you get off the wheel and onto a more simpler and more straightforward path. By breaking the vendor/supplier risk lifecycle into three distinct stages - onboarding, ongoing monitoring and offboarding - and giving you the necessary steps to move between each stage, you'll be able to stop spinning and move straight towards you vendor/supplier risk management objectives.

Watch now to learn:

• Regulatory and best practice standards for the vendor and supplier risk lifecycle
• The stages and steps of the vendor and supplier risk lifecycle
• Why onboarding and offboarding are essential bookends to you vendor/supplier relationship and what it means to have an ongoing relationship with your vendor
• How to simplify the vendor/supplier risk management process for your stakeholders
• Best practices and tips