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
2
Q
What are Rules of Engagement?
A
Guidelines that dictate the terms of interaction between an organization and its potential vendors
3
Q
What is Vendor Monitoring?
A
Mechanism to ensure that the chose vendor still aligns with the organizational needs and standards
4
Q
What are Feedback Loops?
A
Where the organization and vendor share their feedback
