Vendor Tiering

What is Vendor Tiering?

Tiering ensures that vendors with greater impact or higher sensitivity receive enhanced oversight. It determines assessment depth, monitoring frequency, and contractual expectations.

FAQs

What determines tiering?

Inherent risk, data sensitivity, and business impact.

Can tiers change?

Yes, based on new risks or scope changes.

Does tiering apply to all vendors?

Yes, but high-tier vendors receive more oversight.