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Glossary › Vendor Relationship Risk
What is Vendor Relationship Risk?
Relationship risk includes communication failures, contract disputes, misaligned expectations, dependency issues, and cultural mismatches. In TPRM, managing relationship risk ensures vendor cooperation and long-term stability.
FAQs
What increases relationship risk?
Poor communication or unmanaged expectations.
Can relationship risk affect performance?
Yes, significantly.
How is relationship risk reduced?
Through structured governance and regular reviews.
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