I would also show:
which vendors have been deemed Critical to your organization, and how long the relationship has been in place
Critical Vendor performance against metrics for the last 6 months.
The spend with the vendor for 2022 and ytd.
Vendors who have risks accepted for due diligence or other standards- Financial stability, insurance deficiency, lack of a SOC report etc.
The date of their last due diligence review and/or the date of their next due diligence review.
Good Luck
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Jenn Wilkinson
Vice President
Strategic Vendor Management
Cenlar FSB
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Original Message:
Sent: 07-24-2023 07:03 AM
From: Srinivasa Rao
Subject: knowledge sharing session
Hi all,
I have to present a knowledge sharing session with all my stakeholders & managers to rollout the TPRM process.
My thoughts are this way –
- Who is 3rd Party?
- No of vendors currently on boarded.
- what is the major risk we may face bcoz of the third party
- How are we mitigating it?
- Who are the stakeholders & their contribution to mitigate the risk.
- What is the approach – We talk about our simple process flow / Assessment
Did I miss something ?Do anyone has a similar deck with pictography. Please share.