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Once you understand how a particular vendor’s risks might impact your business, you must make a choice:
- Agree to bear the risk that has been identified;
- Reject the vendor and look for another that can meet your needs; or,
- Collaborate with the vendor to remediate the risk and help the company become a more suitable business partner
Luckily, this ProcessUnity white paper; The Vendor Manager’s Guide to Risk Reduction, is here to help. Download the white paper now to examine ways to manage vendor risk and implement effective remediation management policies.