Vendor Inventory Template

The Vendor Inventory Template provides essential documentation for demonstrating SOC 2 compliance. Third-party risk management is a crucial SOC 2 requirement that many organizations underestimate. Auditors will examine how you assess vendor security, monitor third-party performance, and ensure subservice organizations maintain appropriate controls. This template provides comprehensive vendor management procedures including due diligence requirements, contract security provisions, ongoing monitoring protocols, and vendor termination procedures. It addresses common audit findings around inadequate vendor assessments and lack of documented vendor review processes. This template includes the document template itself plus detailed usage instructions to ensure proper implementation. Both are professional Microsoft Word documents that you can immediately customize for your organization's specific needs and workflow requirements.