Thread Options
#1231435 - 08/12/09 02:19 PM Vendor Management Critical Vendor help needed
ChrisDes Offline
New Poster
Joined: Aug 2009
Posts: 1
We are currently using an Access database for our vendor management function. However, we have no rating system for our vendors to determine which ones are criticl vendors and shich ones are now. Currently, that is determined by our CEO. I am looking to build some sort of rating system in our database for a better determination of which vendors are critical. Can anyone offer advice as to which criteria I should be looking at?

Return to Top
Risk Management
#1231439 - 08/12/09 02:25 PM Re: Vendor Management Critical Vendor help needed ChrisDes
Skyline Offline
Platinum Poster
Joined: Sep 2005
Posts: 589
Risks pertaining to the function outsourced include:
• Sensitivity of data accessed, protected, or controlled by the service provider
• Volume of transactions
• Criticality to the Bank’s business
Risks pertaining to the service provider include:
• Strength of financial condition
• Turnover of management and employees
• Ability to maintain business continuity
• Ability to provide accurate, relevant, and timely management information systems
• Experience with the function outsourced
• Reliance on subcontractors
• Location, particularly if outside the United States
• Redundancy and reliability of communication lines
Risks pertaining to the technology used include:
• Reliability
• Security
• Scalability to accommodate growth

Return to Top
#1231802 - 08/12/09 09:07 PM Re: Vendor Management Critical Vendor help needed Skyline
Bishop Banker Offline
New Poster
Joined: Oct 2008
Posts: 8
"To get something you never had you have to do something you never done" Author Unknow

Return to Top
#1231974 - 08/13/09 12:53 PM Re: Vendor Management Critical Vendor help needed Bishop Banker
waldensouth Offline
Power Poster
Joined: Nov 2001
Posts: 7,979
FINALLY ABOVE the gnat line
You also want to look at how easily they can be replaced - replacing a flood vendor, for example would be far easier than replacing your core processor.
"Once you learn to read, you will be forever free."

- Frederick Douglass

My Opinion Only.

Return to Top
#1235036 - 08/19/09 01:13 PM Re: Vendor Management Critical Vendor help needed waldensouth
CEK Offline
Junior Member
Joined: Jul 2009
Posts: 34
Check this web site out:
FICSAS is a Sponsor of BOL

Contact me as follows:
Phone: 770-403-3095

Return to Top

Moderator:  Andy_Z