Vendor Management Contract Review Checklist. The end goal is to secure a low-risk best-in-class vendor and supplier portfolio. However as data breach risk increases companies need to include reviewing information security as a sixth category in the life cycle.
Collaborating with Suppliers for Review Feedback. Sample for CDW so they know what this could look like Date of Assessment. In this process youll go through the steps of planning and negotiating a contract with a vendor.
Involve IT in any security-related contract especially when IDs and passwords are involved Carefully evaluate each clause.
Traditionally vendor lifecycle management incorporates five primary categories. Robust vendor and contract management solution with AI enhanced workflow spend management balanced score carding and more. The term vendor applies. Third-party risk management platform with dynamic automation to support fast data-driven risk assessments and due diligence.