VRM has playbook function?

[Kosuke Tsujibay]

I was researching about Suppplier Lifecycle Management and found this description about Supplier Onboarding like attatchment. I wonder VRM has playbook function originally? I don't understand below sentence. What does this mean?

「For customers already using Vendor Risk Management, those playbooks will automatically integrate with Supplier Lifecycle Operations.」

[Community Alums]

Hi @Kosuke Tsujibay ,

We don't have playbooks in VRM as of now. 

As per your attachment, it talks about integrating Using Playbooks to onboard suppliers which is part of Procurement Service Management. Now, what it says is you will need to integrate VRM and PSM to get an opportunity to see some of the aspects of VRM.

Procurement Service Management integration with Vendor Risk Management 

[Kosuke Tsujibay]

Thanks, so if we integrat VRM & PSM, then we get an opportunity to proceed some VRM procedure such as risk assessment in PSM playbook? Is that VRM procedure is dsiplayed in playbook as a guide??

[Community Alums]

Hi @Kosuke Tsujibay ,

I just tested it, i don't see the Risk assessments table itself on PAD for VRM. So i don't think you can use PAD for VRM as such apart from if you are using "Vendor contact" or "Vendor Type".

[Kosuke Tsujibay]

thanks for testing , and don't worry I will mark as Correct later

Do you know what is benefit to be able to see the VRM aspects on PSM?

I' m still not sure this integration's value...