As organizations have to deal with increasingly complex IT environments, managing vendor risk is a crucial component of a successful SAM strategy. With the growing use of cloud services, SaaS solutions, and third-party vendors, SAM professionals face significant challenges in securing compliance, optimizing costs, and minimizing risk. This session will explore how to manage vendor risk within the context of SAM, focusing on vendor selection, contract negotiation, and ongoing vendor performance monitoring. Practical strategies will be shared to help mitigate risks associated with software licensing, ensure compliance, and prevent costly disputes.
In this session, you will learn:
- How to assess and manage vendor risk within a SAM framework?
- How to negotiate software contracts and licensing terms to minimize risk?
- How to continuously monitor vendor performance and ensure compliance?
- How to prevent costly disputes through proactive vendor relationship management?
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