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Vendors and third-party risk

The vendor register

Every third party you depend on, in one place — with the criticality band, lifecycle state and assessment history that decide what you owe each of them.

Updated

The vendor register is the spine of the product. Almost everything else — contracts, assessments, risks, the DORA register — either hangs off a vendor or explains one.

The Vendorica third-party register

The register, with criticality tier, lifecycle state, country and owner on every row — and the peek panel a row opens into.

A lifecycle state, which says where the relationship stands:

  • Procurement — prospective, under review, not yet engaged.
  • Active — onboarded and in use.
  • Archived — no longer engaged. Archived rather than deleted, because the arrangement was real and your audit trail should still say so.

A criticality tier, which is your own risk banding — see Criticality and classification. It is orthogonal to the lifecycle state: a supplier can be in procurement and already obviously critical.

An owner, the person accountable for the relationship. Ownership is what turns a register into a working system rather than a list; an unowned vendor is one nobody will reassess.

The register holds two kinds of row, and by default shows one.

A directly engaged vendor is one you chose: procured, contracted, onboarded.

A fourth party is a supplier of one of your suppliers — it exists in your register because it turned up in a subprocessor chain, not because you have a relationship with it. These are hidden from the default list and reachable behind a filter, which keeps the register a list of your decisions while still letting you see the dependency chain beneath them.

A fourth party that you later engage directly simply becomes a direct supplier; the row does not fork. That matters for DORA concentration analysis, where the same provider appearing at two levels of your chain is precisely the thing you are looking for.

  1. Adding a vendor

    The fields that matter, and the one people skip and regret

  2. Criticality and classification

    Your tiers, your language, and each band’s reassessment cadence