{"id":18671,"date":"2023-09-18T12:37:30","date_gmt":"2023-09-18T16:37:30","guid":{"rendered":"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/"},"modified":"2025-06-24T07:03:24","modified_gmt":"2025-06-24T11:03:24","slug":"vendor-risk-management-2","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/","title":{"rendered":"Vendor Risk Management"},"content":{"rendered":"<p>The last decade has yielded many events, forces, and elements in which a greater concern and scrutiny of the concept of Vendor or Supplier Risk Management has risen. At the forefront are driven for Cost Reduction, Top Line Growth, and Competitive Advantage. Organizations like  have recognized that Supplier Risk Management Processes are underpinned by: Identification of Potential Risks emanating from the interaction of buying, while platforms such as  have started integrating these principles into their operational strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The last decade has yielded many events, forces, and elements [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18671","post","type-post","status-publish","format-standard","hentry","category-procurement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vendor Risk Management - Next Level Purchasing Association (NLPA)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vendor Risk Management\" \/>\n<meta property=\"og:description\" content=\"The last decade has yielded many events, forces, and elements [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Next Level Purchasing Association (NLPA)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T16:37:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-24T11:03:24+00:00\" \/>\n<meta name=\"author\" content=\"monikadubey\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"monikadubey\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/\"},\"author\":{\"name\":\"monikadubey\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#\/schema\/person\/59932300de1fae4b1f1e144b8fa1f3e7\"},\"headline\":\"Vendor Risk Management\",\"datePublished\":\"2023-09-18T16:37:30+00:00\",\"dateModified\":\"2025-06-24T11:03:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/#organization\"},\"articleSection\":[\"Procurement\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/\",\"url\":\"https:\/\/www.certitrek.com\/nlpa\/blog\/vendor-risk-management-2\/\",\"name\":\"Vendor Risk Management - 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