Vendor lifecycle
management
Understand the key steps of vendor and third-party lifecycle management and learn best practices related to due diligence, onboarding, offboarding, and relationship management.
Understanding the vendor lifecycle
In order to build a strong and effective TPRM program, it’s important to understand the typical vendor lifecycle management and apply best practices across each phase. Third-party risks may surface at different stages of your organization’s relationship with a partner. That’s why it’s crucial to have a continuous approach to risk management throughout the TPRM lifecycle.
Learn the seven stages of the TPRM lifecycle you should plan for as well as the best practices of due diligence, onboarding, offboarding, and relationship management with vendors to reduce your organization’s risk.
Vendor lifecycle management
Vendor lifecycle management
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Understanding the vendor lifecycle
In order to build a strong and effective TPRM program, it’s important to understand the typical vendor lifecycle management and apply best practices across each phase. Third-party risks may surface at different stages of your organization’s relationship with a partner. That’s why it’s crucial to have a continuous approach to risk management throughout the TPRM lifecycle.
Learn the seven stages of the TPRM lifecycle you should plan for as well as the best practices of due diligence, onboarding, offboarding, and relationship management with vendors to reduce your organization’s risk.
Explore more TPRM articles
Introduction to TPRM
Vendor lifecycle management
Vendor risk assessment
Running a VRM program
Regulatory compliance and industry standards
Get started with TPRM
Start your TPRM journey with these related resources.
How to minimize third-party risk with vendor management
Get insights and best practices from security & compliance experts on how to manage third-party vendor risk in this free guide.
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Vanta in Action: Vendor Risk Management
Vendor security reviews can be manual and time-consuming, draining security teams of precious hours. Vanta’s Vendor Risk Management solution changes that, automating and streamlining security reviews so that you can spend less time on repetitive work and more time strengthening your security posture. Curious to see what it looks like?
10 important questions to add to your security questionnaire [with examples]
Use these 10 vendor security questionnaire questions to assess compliance, uncover risks, and evaluate third-party vendors before onboarding.
