Vendor Tiering Best Practices: Categorizing Vendor Risks | UpGuard

**Executive Summary:** This document describes vendor tiering as a method to categorize third-party vendors by risk, outlines a four-step VRM framework (security ratings, mapping assessments to frameworks, setting vendor expectations, and continuous monitoring), and highlights UpGuard platform features such as automated tiering, security ratings, and remediation planning to improve third-party risk management.