There are three vendor management models that we typically see: centralized, decentralized and a hybrid approach. These allow the vendor risk manager to set standards while allowing for communication through the relationship manager and on to the vendor.
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There are three vendor management models that we typically see: centralized, decentralized and a hybrid approach. These allow the vendor risk manager to set standards while allowing for communication through the relationship manager and on to the vendor.
Manage Large Vendors Successfully in Your Third-Party Risk Management Program
Third-Party Risk Education
5 minutes 45 seconds
2 years ago
Manage Large Vendors Successfully in Your Third-Party Risk Management Program
Partnering with a large well-known vendor can prove to be beneficial. However, in some instances larger vendors can be more difficult to effectively manage. Learn the essential tips and best practices to mitigate vendor risk with your large vendors.
Third-Party Risk Education
There are three vendor management models that we typically see: centralized, decentralized and a hybrid approach. These allow the vendor risk manager to set standards while allowing for communication through the relationship manager and on to the vendor.
