Which term ensures a selected vendor will be around for the long-term?

• A. Vendor Viability
• B. Risk Assessment/Risk Analysis (RA)
• C. Process
• D. Internal Clients

Answer: (A)

The key idea is evaluating a vendor’s ability to stay in business and continue delivering services over time. This is what vendor viability measures—the financial health, stability, and resilience of a supplier so you can trust they’ll be around long enough to meet ongoing needs. When a vendor is viable, they’re more likely to honor contracts, invest in keeping their capabilities current, and weather industry changes, which reduces the risk of sudden disruption to your operations.

Risk assessment analyzes potential problems and their impacts, helping you decide how to manage or avoid them, but it doesn’t guarantee the vendor will endure. A process describes how work is done but doesn’t speak to the vendor’s longevity. Internal clients are the people inside your organization who rely on the vendor, not the vendor’s ability to remain in business.

So, vendor viability is the term that directly addresses long-term presence.