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Glossary › Vendor Risk Management
What is Vendor Risk Management?
Vendor risk management covers registration, due diligence, contract governance, monitoring, remediation, issue tracking, and offboarding. It ensures vendor relationships align with organizational risk appetite.
FAQs
Is VRM continuous?
Yes, throughout the vendor lifecycle.
Does VRM apply to all vendors?
Yes, but the depth varies.
Is VRM required by regulators?
Yes, in many industries.
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