2026 Vendor Risk Management Workflow (6-Stage Guide) | UpGuard

This document provides a six-stage Vendor Risk Management (VRM) workflow—covering vendor discovery, criticality tiering, regulatory impact, initial risk assessments and evidence gathering, ongoing assessment routines, and notification systems—aimed at improving efficiency and scalability of third-party risk programs, with examples of attributes to track and promotes using the UpGuard platform to automate and manage these processes.