Which of the following is NOT an aspect of Vendor Risk Management?

Enhancing alternative vendor sourcing is not typically considered an aspect of Vendor Risk Management. Vendor Risk Management primarily focuses on identifying, assessing, and mitigating risks associated with current vendor relationships. This includes evaluating the financial stability of vendors, their compliance with legal and regulatory requirements, and the potential operational risks they may pose to the organization.

While having alternative vendors can be part of an overall supply chain strategy to improve resilience, it does not directly address the risks posed by a vendor currently in a relationship. Therefore, enhancing sourcing alternatives is more about strategy and supply chain management rather than specifically managing risk associated with existing vendor partnerships.