Vendor Management Healthcheck

For each statement, rank your credit union or bank on a scale of 1 to 5, where 1 is weak and 5 is strong. If your score is less than 60, give us a call!

1

Our organization understands our vendor management program and their vendor management responsibilities.

1
2
3
4
5
2

We use our own vendor management system to track vendor performance and compliance with SLAs.

1
2
3
4
5
3

Our vendor management program covers the contract requirements of the FFIEC guidelines for third party relationship management.

1
2
3
4
5
4

We align our strategic plan with our vendors when choosing new vendors or renewing existing ones.

1
2
3
4
5

Your total score: 12

Your score

60+ You think different! You must be using the Vendor Advantage System®.
31 to 59 Take control of your
vendors and
request a meeting.
30 or lower We’ve got some work to do. Give us a call!

Vendor Management Healthcheck

For each statement, rank your credit union or bank on a scale of 1 to 5, where 1 is weak and 5 is strong. If your score is less than 60, give us a call!

1

Our organization understands our vendor management program and their vendor management responsibilities.

1
2
3
4
5
2

We use our own vendor management system to track vendor performance and compliance with SLAs.

1
2
3
4
5
3

Our vendor management program covers the contract requirements of the FFIEC guidelines for third party relationship management.

1
2
3
4
5
4

We align our strategic plan with our vendors when choosing new vendors or renewing existing ones.

1
2
3
4
5