Vendor risk management (VRM), the process of identifying, analyzing, monitoring, and mitigating risks posed by third-party vendors, is only as good as the due diligence you put into it. That means risk assessments for every supplier, contractor, or vendor you do business with.
And with supply chain attacks at 27 third-party vendors impacting 137 U.S. organizations and seven million individuals in the first quarter of 2021 alone — it’s never been more critical for businesses to get it right.
If you’re looking to shore up your VRM program, or just want to benchmark your organization against standard best practices, this ebook is your you.
Key takeaways include:
- Top 3 supply chain risk mitigation principles
- Vendor risk mitigation checklist
- A list of best practices for managing risk within your supply chain