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In this episode, we are joined by Kyle, the President and CEO, and Todd, the COO and CISO, to discuss the critical importance of vetting your vendors. Kyle and Todd delve into why businesses need to meticulously select their vendors, the risks of failing to perform due diligence, and the benefits of building strong partnerships. They also offer practical advice on key questions to ask during the vetting process and emphasize the importance of ongoing vendor evaluation. Whether you're part of a small to midsize business or a larger enterprise, this episode provides valuable insights into maintaining security and ensuring long-term vendor partnerships.
00:00 Introduction to Vendor Vetting
00:26 Understanding the Importance of Vendor Vetting
01:45 Risks of Not Vetting Vendors
03:48 Benefits of Thorough Vendor Vetting
05:35 Choosing Vendors for Long-Term Partnerships
08:27 Key Questions to Ask When Vetting Vendors
09:11 Commonly Missed Checklist Items
10:58 Financial Stability and Acquisition Risks
12:03 Account Management and Vendor Relationships
12:56 Understanding Vendor Partnerships
13:08 Evaluating Company Culture
15:38 Compliance and Vendor Due Diligence
17:16 Key Questions for Vendor Assessment
21:39 Reevaluating Vendor Relationships
23:41 Final Thoughts on Due Diligence
By Computer Integration Technologies (CIT)In this episode, we are joined by Kyle, the President and CEO, and Todd, the COO and CISO, to discuss the critical importance of vetting your vendors. Kyle and Todd delve into why businesses need to meticulously select their vendors, the risks of failing to perform due diligence, and the benefits of building strong partnerships. They also offer practical advice on key questions to ask during the vetting process and emphasize the importance of ongoing vendor evaluation. Whether you're part of a small to midsize business or a larger enterprise, this episode provides valuable insights into maintaining security and ensuring long-term vendor partnerships.
00:00 Introduction to Vendor Vetting
00:26 Understanding the Importance of Vendor Vetting
01:45 Risks of Not Vetting Vendors
03:48 Benefits of Thorough Vendor Vetting
05:35 Choosing Vendors for Long-Term Partnerships
08:27 Key Questions to Ask When Vetting Vendors
09:11 Commonly Missed Checklist Items
10:58 Financial Stability and Acquisition Risks
12:03 Account Management and Vendor Relationships
12:56 Understanding Vendor Partnerships
13:08 Evaluating Company Culture
15:38 Compliance and Vendor Due Diligence
17:16 Key Questions for Vendor Assessment
21:39 Reevaluating Vendor Relationships
23:41 Final Thoughts on Due Diligence