Vendor Management
Effectively manage third-party API vendors and integrations to ensure reliability and compliance.
Outcomes
Section titled “Outcomes”- Effective vendor management processes established
Why it matters
Section titled “Why it matters”Third-party APIs can introduce risks and dependencies that impact your API ecosystem. This station provides guidelines for managing vendor relationships, ensuring reliability, compliance, and alignment with your API strategy.
How it works
Section titled “How it works”- Establish vendor management processes to evaluate, onboard, and monitor third-party API vendors. Vendor Management Best Practices Framework for evaluating and managing external API vendors and third-party integrations based on risk, performance, and compliance.
- Define criteria for evaluating vendor APIs, including reliability, security, and compliance. Vendor Management Best Practices Framework for evaluating and managing external API vendors and third-party integrations based on risk, performance, and compliance.
- Monitor vendor performance and compliance with service level agreements (SLAs) and organizational standards. Vendor Management Best Practices Framework for evaluating and managing external API vendors and third-party integrations based on risk, performance, and compliance.
Apply in your work
Section titled “Apply in your work”Provide vendor management frameworks, evaluation criteria, and monitoring tools. Ensure teams effectively manage third-party API vendors, ensuring reliability, compliance, and alignment with organizational standards.