Adding a Vendor to the Inventory

You can add vendors to the inventory to create a central record for managing third-party relationships. Vendor records store important information such as attributes, assessment results, and risk details throughout the third-party lifecycle.

To add a new vendor

  1. On the Third-Party Risk Management menu, select Inventory > Vendors.
    The Vendor screen appears. 

  2. Click the Add third party button.
    The Add vendor modal appears.
  3. Complete the fields.
    For more information, see the Add Vendor Screen Reference.
  4. Click the Save button.
    Click the Save and add new button to add the new vendor to your inventory and repeat the process.

    Click the Cancel button or click outside the modal to cancel the process.

Add Vendor Screen Reference



Field
Description
Name

Enter the name of the vendor record.

Organization

Select the organizational group which is responsible for the vendor.

Type

Select the type of vendor.

Create as a master record

Enable this setting to use the record as a global standard and create a local version of it for easier maintenance.

Send assessment after save

Enable this setting to view the launch assessment screen after saving the new record.

Show more details

Configure any custom attributes that have been created so that they can be populated. The required custom attributes will appear above the Show more details section.