Vendor risk management is the process of ensuring that using service providers and IT suppliers does not create unacceptable business disruption or negatively impact performance. It benefits organizations by improving service quality, reducing costs, and increasing efficiencies so they can focus on core functions while expanding available services.

1. VENDOR RISK
MANAGEMENT
HLDC 2020

2. What is Vendor Risk Management?
Vendor risk management (VRM) is the process of ensuring that the use of
service providers and IT suppliers does not create an unacceptable potential
for business disruption or a negative impact on business performance.

4. Benefits
Improve the quality of your services
Reduce your costs
Increase operational or financial
efficiencies
Expand the availability of your services
Focus on your core business functions