What you will learn:
- What the two major components are to a vendor's risk score
- Critical question you need to ask to determine vendor risk
- How to move forward and remain vigilant in monitoring your vendor risk
There are unavoidable risks associated with the loss of control that comes with outsourcing services.
The fundamental task of a vendor management office is to gauge and monitor the risk posed by third-party vendors and ensure those risks don’t reach unacceptable levels.