Best Practices
Vendor Exit Strategies: Taking The End Into Account At The Beginning
As organizations increasingly rely on third-party vendors, having a well-defined approach to vendor terminations becomes essential for maintaining operational continuity and mitigating risks. This paper outlines how organizations can implement pre-determined, vendor-specific plans that facilitate smooth transitions and protect business continuity. By proactively managing termination risks, companies can minimize disruptions and safeguard critical operations. Key insights include how to:
– Build recovery strategies to mitigate the impact of losing key vendors
– Develop vendor-specific termination plans to ensure smooth offboarding
– Identify hidden risks such as AI services and digital intellectual property
– Strengthen supply chain resilience to ensure continuity during transitions