A Guide to Vendor Relationship Management | UpGuard

This markdown document is a guide on vendor relationship management that explains the distinction between vendor relationship management and vendor risk management, outlines recommended practices (risk management, vendor selection, setting clear expectations, frequent communication, tracking KPIs, and fostering win‑win partnerships), and describes benefits such as improved cybersecurity posture, increased trust, consistent product quality, lower total cost of ownership, and operational efficiency; it also promotes UpGuard's Vendor Risk product and continuous third‑party security monitoring.