Vendor risk: Difference between revisions
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FritzSolms (talk | contribs) Compact description of concept. |
FritzSolms (talk | contribs) m Minor correction and clarification |
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[[Vendor]] [[risk]]<ref>{{Cite journal |last1=Beale | pmid=29256382 |journal=Journal of Business Continguency and Emergency Planning |volume=11 |issue=2 |date= 1 January 2017 |title=Best practice vendor risk management in today's interconnected world| url=https://pubmed.ncbi.nlm.nih.gov/29256382/ }}</ref> refers to the risk caused by the dependency of one's services or products |
[[Vendor]] [[risk]]<ref>{{Cite journal |last1=Beale | pmid=29256382 |journal=Journal of Business Continguency and Emergency Planning |volume=11 |issue=2 |date= 1 January 2017 |title=Best practice vendor risk management in today's interconnected world| url=https://pubmed.ncbi.nlm.nih.gov/29256382/ }}</ref> refers to the risk caused by the dependency of one's services or products on a lower-level service or product sourced from a particular vendor. It includes the risk of the vendor no longer providing the required product or service, substantially increasing the cost of such or making modifications to the provided product or service such that new versions of the product no longer meet one's functional or non-functional requirements. |
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Revision as of 11:08, 14 August 2024
Vendor risk[1] refers to the risk caused by the dependency of one's services or products on a lower-level service or product sourced from a particular vendor. It includes the risk of the vendor no longer providing the required product or service, substantially increasing the cost of such or making modifications to the provided product or service such that new versions of the product no longer meet one's functional or non-functional requirements.
- ^ Beale (1 January 2017). "Best practice vendor risk management in today's interconnected world". Journal of Business Continguency and Emergency Planning. 11 (2). PMID 29256382.