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Navigating the complex landscape of vendor relationships is a critical aspect of modern business management. With nearly 80% of organizations having formal programs for vendor risk assessments, it's clear that understanding and managing these risks is a top priority.

However, about 30% of these organizations lack dedicated staff for this task, underscoring the need for more focused attention on vendor risk management. This blog sheds light on the various types of vendor risks and provides insight

In the dynamic business operations environment, the efficacy of effective vendor risk management cannot be overstated. With the increasing reliance on third-party vendors for myriad services, assessing and mitigating risks associated with these external partnerships has become a major concern for businesses worldwide. Let's discover the transformative power of Artificial Intelligence (AI) – a technological marvel that is revolutionizing vendor risk management.

Gone are the days when vendor risk a