Market Survey of Vendor Risk Management Market with Trends, Analysis by Regions, Type, Application and Top Players – Competitive Strategies and Global Forecast to 2023
Vendor risk management (VRM) is the process of ensuring that the use of service providers and IT suppliers does not create an unacceptable potential for business disruption or a negative impact on business performance. Vendor risk management (VRM) involves a comprehensive plan for the identification and mitigation of potential business uncertainties as well as legal liabilities in regard to hiring third-party vendors of IT products and services.
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