Not a day goes by without you using or hearing terms like vendor, third party, risk assessment, due diligence, and so on. But for coworkers who are not specialized in third party risk management (TPRM) or vendor risk management (VRM), it can be hard to follow your lingo.
We're introducing our TPRM Dictionary to help your team communicate the value of your enterprise risk management efforts, and the importance of some key terms that are critical for everyone at your business to understand.
Like many other technical displicines, TPRM has a lot of jargon. But that doesn't mean it should be kept away from the rest of your company. Especially because thanks to these key activities, your team is protecting the enterprise and its extended supply chain of risks that arise from engaging with third party vendors at all business units.
Our TPRM Dictionary is constantly updated and expanded to cover all the key concepts that make a holistic approach to third party risk management. It's also a collaborative resource: you are more than welcome to send your term suggestions to firstname.lastname@example.org
We've curated dozens of TPRM terms in our dictionary, but we'll make a special selection below. Visit our full TPRM Dictionary to get more definitions.
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