Description

An Overview on Vendor Risk Management

Protect Your Organization by Proactively Managing Third-Party Risks

In an interconnected business landscape, your organizations security, compliance, and performance are intrinsically linked to the vendors you partner with. Vendor Risk Management (VRM) is the systematic process of identifying, assessing, monitoring, and mitigating the potential risks associated with outsourcing to third-party suppliers and service providers. This focused course provides a clear overview of the VRM lifecycle, empowering you to understand how to safeguard your organization from operational, financial, legal, and reputational harm originating from the supply chain.

What You Will Learn

By the end of this course, you will be able to:

  • Define Vendor Risk Management (VRM) and understand its critical importance to organizational resilience.

  • Identify Common Categories of Vendor Risk, including cybersecurity, compliance, financial stability, and operational performance.

  • Outline the Key Stages of the VRM Lifecycle: from due diligence and onboarding to continuous monitoring and offboarding.

  • Recognize the Roles and Responsibilities of different internal stakeholders in the VRM process.

  • Understand the Consequences of Inadequate VRM, such as data breaches, regulatory fines, and service disruptions.

  • Identify Foundational Practices for building a proactive VRM program within your organization.

Course Curriculum

The course is structured into targeted modules for efficient learning:

  • Module 1: The Extended Enterprise: Why Vendor Risk Matters

  • Module 2: The VRM Lifecycle: A Step-by-Step Framework

  • Module 3: Building a Defensible Program: Key Practices and Responsibilities

Who Is This Course For?

This course is designed for professionals involved in procurement, compliance, and risk management, including:

  • Procurement and Supply Chain Managers

  • Risk, Compliance, and Information Security Officers

  • Vendor Relationship Managers

  • Finance and Legal Professionals

  • Operations and IT Managers

Prerequisites

There are no formal prerequisites for this course. An understanding of basic business operations is helpful.

Course Features & Included Materials

  • Focused eLearning: Complete the 0.5 hours (30 minutes) of essential content efficiently.

  • Practical Framework: Gain a clear, structured understanding of the end-to-end VRM process.

  • Quick-Reference Guide: Access a downloadable checklist of key risk categories and due diligence questions.

  • Certificate of Completion: Earn a verifiable, with a unique ID and QR code, soft-copy certificate issued via the QCI training portal. Validate your achievement anytime at https://pathshala.qcin.org/.

Enroll Today and Secure Your Organizations Ecosystem!

Invest 30 minutes to understand how to protect your organization from third-party threats. Build the knowledge to create more resilient and secure vendor partnerships.

For more information, please contact:

Rohit Varshney at rohit.varshney@qcin.org, Ph. 9773500376