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Vendor Management Best Practices in 2024 | UpGuard

ID: e40b8ae6-d26e-5a19-ba0c-776ed8f65c33

STIX ID: report--e40b8ae6-d26e-5a19-ba0c-776ed8f65c33

Feed Name: UpGuard Blog

Date Published: 2024-04-26

Date Updated: 2026-05-01

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This document is a practical guide to vendor relationship and vendor risk management, describing stages such as vendor sourcing, onboarding, contract management, performance monitoring with KPIs, outsourcing and data security risk controls, collaboration practices, and exit strategies to protect business continuity and optimize supplier value.

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