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In today's interconnected business landscape, organizations are constantly relying on an intricate network of vendors, suppliers, and third-party service providers to meet their operational needs. While these partnerships often yield significant benefits, they also introduce a level of risk that must not be underestimated. This is where Vendor Risk Management (VRM) comes into play. In this article, we'll explore the paramount importance of a robust vendor risk management process and how it can safeguard your business from unforeseen challenges.