Below are the details of the operational risks covered within this selected sub-risk category:
Gradual deterioration in quality of products/services offered by vendors
Gradual deterioration in quality of products/services offered by vendors may result in business disruption and unplanned costs for the firm. Examples of such deterioration include: -
Misuse of firm's assets by vendors
Misuse of firm's assets by vendors may result in business disruption or unplanned costs for the firm. Examples of such misuse include: -
Firm unable to amicably end relationship with a key vendor
Firm unable to amicably end relationship with a key vendor may result in business disruption and unplanned costs for the firm. Examples of reasons for which firm may want to end relationship with vendor include:-