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Vendors7 min read

VendorRiskIsanOperatingModel,NotaSpreadsheet

Questionnaires expire the moment a vendor ships a change. Treat third parties as part of the same operational surface you already own.

By Vikram Panchariya

Team discussion in a modern office

Introduction

Third-party risk programmes often stop at onboarding. The vendor is scored, the questionnaire is filed, and the relationship continues as if nothing will change.

In practice, vendors ship features, rotate staff, and connect new data paths. Your exposure follows those changes whether your register notices or not.

Treat critical vendors as systems

PCS helps organisations keep that picture current, so vendor risk is managed with the same seriousness as internal platforms.

  1. 01

    Known access and data

    Critical vendors need the same inventory of access and data as any internal system.

  2. 02

    Owners on both sides

    Name who can speak for the vendor relationship inside your organisation, and who they call.

  3. 03

    A path to revoke

    If you cannot unwind access when something goes wrong, the spreadsheet was never an operating model.

Vendors7 min read

Written by Vikram Panchariya

Tags

  • #vendors
  • #thirdparty
  • #risk

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Want this applied to your environment? 

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