Vendor risk
 | This article relies largely or entirely on a single source. (August 2024) |
Vendor risk 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.[1] It includes the risks 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.
References
- ^ 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.