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Volume 27, Issue 3

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October 24, 2013

Critical Vendor Reviews are Part of Business Continuity Management Too

What goes on inside your enterprise is of prime importance for your business continuity management. However, so are the actions and attitudes of vendors on which you rely to run your business.  In the same way that you regularly check on BC processes and awareness inside, you should also conduct periodic investigations of key business partners. The first thing to know which vendors should be on the critical list. Essentially, a critical vendor is one on which you are heavily dependent and which cannot easily be replaced in-house or by another vendor. Such a vendor may also have access to confidential information in order to make the relationship work. Let’s suppose you’ve identified such partners. What are your next steps?

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http://www.opscentre.com.au/blog/critical-vendor-reviews-are-part-of-business-continuity-management-too/