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.
In this paper you will learn:
- What the two major componets 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