Vendor Risk Management: A Modern Approach

The Evolution of Service Provider Relationships

The clinical trial landscape has fundamentally changed. As highlighted at recent industry conferences, including RQA 2024 and COG Europe, the terminology shift in ICH E6(R3) from “CRO” to “service provider” (mentioned 36 times compared to the previous 9) signals more than a simple language update – it represents a complete transformation in how we must approach vendor relationships.

Beyond Traditional Oversight Models

Many organisations still operate with outdated vendor management approaches, focusing primarily on their CRO relationships while overlooking the broader ecosystem of service providers.

This narrow focus creates dangerous blind spots in your trial operations. As many quality professionals noted at RQA 2024:

“We manage service provider oversight data manually, frankly it’s a mess, things are not up to date and we do not have visibility of work done by other teams performing oversight tasks.”

Eight Critical Risk Areas Demanding Attention

Through extensive industry discussions and conference insights, we’ve identified eight key risk categories that every clinical trial team must monitor:

  1. Cybersecurity Risks
  • Protection of trial data from breaches
  • Vendor system security validation
  • Access control and monitoring
  1. Information Security Risks
  • Patient confidentiality safeguards
  • Data access controls
  • Protected health information management
  1. Compliance Risks
  • ICH GCP adherence
  • Regional regulatory alignment
  • Documentation completeness
  1. ESG Risks
  • Ethical practice verification
  • Sustainability commitments
  • Social responsibility alignment
  1. Reputational Risks
  • Public perception management
  • Communication protocols
  • Crisis response readiness
  1. Financial Risks
  • Vendor stability assessment
  • Cost control measures
  • Budget alignment
  1. Operational Risks
  • Service continuity planning
  • Performance monitoring
  • Quality control measures
  1. Strategic Risks
  • Goal alignment verification
  • Long-term partnership viability
  • Innovation capability assessment

The True Impact of Inadequate Oversight

The consequences of poor vendor risk management extend far beyond regulatory findings:

  • Compromised patient safety
  • Data integrity issues
  • Trial delays
  • Budget overruns
  • Lost opportunities
  • Damaged relationships with regulatory authorities

Implementing Modern Vendor Oversight

Success in today’s environment requires three core elements, as discussed at COG Europe:

  1. Transparency and Trust
  • Open communication channels
  • Clear performance metrics
  • Regular status updates
  1. Deep Understanding of Requirements
  • Comprehensive scope definition
  • Clear specification documentation
  • Regular requirement reviews
  1. Balanced Performance Monitoring
  • Tangible KPIs (quality of delivery, issue resolution time)
  • Intangible metrics (client-provider relationship quality)
  • Regular performance reviews

Transform Your Vendor Management Approach

Modern clinical trials demand a purpose-built solution for vendor oversight that:

  • Centralises vendor information and performance data
  • Automates routine monitoring tasks
  • Provides real-time risk alerts
  • Facilitates collaboration across teams
  • Maintains comprehensive audit trails

Mayet’s vendor management platform delivers these capabilities in one unified solution, helping you maintain effective oversight while staying ahead of emerging risks and regulatory requirements.

Ready to modernise your approach to vendor risk management? Book a demonstration to see how Mayet can help you implement effective oversight processes that meet tomorrow’s challenges today.


Stay tuned for our final post in this series, where we’ll explore the human side of clinical trial quality.