Common
Third-party management
Business process for managing vendor risk
Third-party management
Third-party management (also known as vendor risk management, third-party risk management or TPRM) is the process by which organizations oversee and manage relationships with external entities that provide goods, services or other support, including software as a service. These entities – referred to as third parties – can include vendors, suppliers, contractors, consultants, and affiliates. The goal of third-party management is to assess, monitor, manage, and mitigate the risks posed by these relationships while ensuring they deliver value and comply with applicable laws and standards.
Open boosters, collect cards and trade them. Free to play.
Play for free