vendor risks (1)

Reliance on third-party vendors and suppliers is genuinely expected in the modern business environment. This reliance, however, introduces a range of risks that need to be managed effectively. Vendor risk management (VRM) is essential for maintaining an organization's integrity, reputation, and competitive standing. This blog aims to highlight the five key types of vendor risks and emphasize the importance of managing these risks through strategic approaches, mainly vendor risk management softwa

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