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White Paper: Identifying Vendor Risk

White Paper, November 10, 2014

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An effective vendor relationship management program starts with knowing what the risks are. You can’t manage what you don’t know; therefore, you need to create assessments that help you clearly identify the risks of doing business with third parties. This includes vendors, service providers, suppliers, contractors, and other people and companies with whom you have a business relationship.
There are numerous methods to assess vendor risk. The questions of who to evaluate, what to evaluate, and how to evaluate vary widely from company to company and vendor to vendor. But the question of why to evaluate is universal. Download Identifying Vendor Risk for guidance on various techniques you can use to identify third-party risk that could adversely impact your organization. We’ve included helpful tips from our expert risk management advisers on topics including:

  • Key vendor risk considerations
  • The two measures of risk – inherent and residual
  • Conducting effective assessments

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