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.
Why Third-Party Risk Management Matters in a Struggling Economic Climate
Third-Party Risk Education
6 minutes 21 seconds
1 year ago
Why Third-Party Risk Management Matters in a Struggling Economic Climate
The economy has faced many challenges the past few years, from the pandemic, supply chain issues, ongoing global wars, and others. These events present many challenges for organizations and their looking to cut costs. As a result third-party risk management teams are on the chopping block.
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.
