Vendor Selecting & Monitoring Flashcards

1
Q

What are Vendor Questionnaires?

A

Comprehensive documents that potential fill out to offer insights into the operations, capabilities and compliance

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2
Q

What are Rules of Engagement?

A

Guidelines that dictate the terms of interaction between an organization and its potential vendors

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3
Q

What is Vendor Monitoring?

A

Mechanism to ensure that the chose vendor still aligns with the organizational needs and standards

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4
Q

What are Feedback Loops?

A

Where the organization and vendor share their feedback

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