Vendor Management Lifecycle

Final

Every vendor relationship has a deal cycle that should include the following:

Onboarding - Includes planning & risk assessment, due diligence, and contracting
Ongoing Monitoring - Includes re-assessments, monitoring & performance, renewals, and due diligence
Offboarding - Includes termination, exit plan execution, and TPRM closure

Additionally, oversight & accountability, documentation & reporting, and independent review are always occurring.

Created By: Venminder Inc 11-12-2019

Last Updated By: Brittany Padgett 09-30-2022

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