Vendor Classification Model Tool

Author(s): Scott Bickley, Aadil Nanji, Melody Peng

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Use this tool to place vendors into categories and understand the underlying value of the vendor to the organization. Use the resulting analysis to prioritize, drive risk analysis, and make a decision.

Tags

risk management, vendor risk management, IT procurement, risk strategy, IT risk, risk report, business continuity, responding to vendor risk, contract risk, security risk, financial risk, operational risk, performance risk, compliance, regulatory risk, third party risk, fourth party risk, threat, risk cost, risk severity, risk profile, risk assessment, risk event, vendor risk strategy, avoiding vendor risk

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Proactively Identify and Mitigate Vendor Risk

Promote a collaborative approach to vendor risk management and guard against regulatory, security, operational, and financial risk.

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