The Complete Guide to the Vendor Risk Management (VRM) Lifecycle

The vendor risk management (VRM) lifecycle outlines an end-to-end vendor management approach to help you manage third parties, suppliers and business partners in an organized and transparent manner.

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This ebook will provide information on how to navigate the vendor risk lifecycle at each stage of the journey and provide practical tips on how to overcome common challenges along the way.

Below are the vendor risk management (VRM) lifecycle stages we define:

Sourcing
Vendor Onboarding
Vendor Due Diligence
Ongoing Vendor Monitoring
Performance Reviews
On-Site Control Assessments
Contract Management
SLA Monitoring
Issue Management
Vendor Offboarding

Who is this white paper for?

This white paper is for business professionals responsible for Vendor Risk Management. If you need to implement a Vendor Risk Management program as a formal way to evaluate, track and measure vendor risk; assess its impact on all aspects of your business; or to develop compensating controls or other forms of mitigation to lessen the impact on your business, then this white paper is for you.

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