Vendor Risk Management

• Identify all types of vendors
• Analysing the risk associated with respect to outsourcing with vendors/third parties/business partners
• Classify the vendors based on their risk exposure to the organisation
• Create an effective vendor management framework
• Create an effective vendor management framework
• Assess supplier contractual arrangements
• Identify all relevant compliance requirements and document how they are being met
• Conduct onsite review of the vendors
• Report gaps and recommend remedial measures to close the gaps
• Regularly assess and monitor the effectiveness of vendor programs