Vendor Risk Management 101

Vendor risk management is the process of identifying, assessing, managing, and monitoring the risks associated with your vendor relationships and a fundamental process for every organization. It’s good business practice, a regulatory requirement for many industries, and can help identify the risks associated with your third-party vendors.  

There are many components involved to have a successful program and processes, including following the vendor risk management lifecycle which can guide you through the three stages of a vendor relationship and necessary steps to take. It’s clear; vendor risk management is more important than ever! In this session we’ll cover the basics. 

Watch now to learn:

• The basic elements of vendor risk management
• Vendor risk management importance, especially in today’s economic environment  
• Who is involved in vendor risk management  
• How to follow the vendor risk management lifecycle within your organization 
• Key takeaways