Working with third party vendors is a necessity for agencies wishing to obtain specialized expertise and resources without having to invest in developing those skills or services in-house. But external partners, whether they’re consultants or suppliers, bring with them an element of risk. You must have procedures in place to identify, assess, monitor and mitigate the known companies in your supply chain for risk.
Additionally, your agency must be in compliance with Executive Order 13873 and the 2019 National Defense Authorization Act, sweeping regulations with penalties that make effective due diligence of suppliers more crucial now than ever before.
Fill out the form to access our "6 Tips for Conducting Vendor Due Diligence & Reducing Risk in Your Supply Chain" tip sheet and learn how you can:
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