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Glossary › Vendor Evaluation Criteria
What is Vendor Evaluation Criteria?
Vendor evaluation criteria define the metrics, requirements, and thresholds used to review security posture, compliance alignment, financial stability, performance expectations, and operational maturity. In TPRM, these criteria ensure consistent, objective vendor selection and oversight.
FAQs
Why use evaluation criteria?
To compare vendors objectively.
Do criteria vary by vendor type?
Yes, based on service and risk.
Should criteria be documented?
Yes, for audit and governance.
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