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VendorPoint™
allows the compliance officer to select a risk rating
for each questionnaire response. Once the questionnaire
is completed, the responses rated as Low, Medium, or High
risk will appear in the Critical Issues Report. This creates
a monitoring environment in which vendors are ranked and
monitored for improvement and accountability, based on
the risk categories and measurement criteria previously
selected. Vendor issues are tracked over time and presented
in the Vendor Ranking Trend Report. |