7 VENDOR RISK MANAGEMENT Securing the Supply Chain
From technologies to contractor relationships, companies outsource various business functions. Companies continue to invest in public cloud infrastructures and Software-as-a-Service (SaaS) applications because they reduce overall costs. Meanwhile, they outsource services to freelancers and contractors to fill staffing gaps.
Contract or freelance staff makes sense to most organizations. They need someone to do a job, but they may not need someone to do that job for forty hours a week. By outsourcing this task, they have someone with the right skills who can complete the work without paying for unnecessary labor or benefits.
Cloud services providers (CSPs) and SaaS ...
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