Vendor risk management (VRM) is the process of identifying, assessing, and mitigating the potential risks associated with third-party vendors. In today’s business environment, managing vendor risk is more important than ever, as companies rely on a growing number of third-party vendors to provide goods and services. In this article, we’ll explore the impact of third-party vendors on businesses, the importance of identifying and managing vendor risk, compliance and regulations, and strategies for mitigating vendor […]
