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CompTIA Security+ 5.3 NIST NICE S0797 NIST CSF GV.SC-06
InteractiveSecurityFree

Stronger or Weaker at the Table?

Sort each move made while choosing a vendor: does it strengthen or weaken your negotiating position?

⚑ Complete this interactive to capture a CTF flag worth 5 points.

About this interactive

The Vendor Selection lesson says selection does not happen at one fixed point. It sits between the vendor assessment and the negotiation, and it can loop: you might take several vendors into negotiation, and if talks with one fail you go to another. The lesson gives two things that make negotiating easier. Competition. With several vendors still in the running, you can tell each that you will go with another unless it improves its offer, and if talks break down you still have somewhere to go. Drop the others, or tell one vendor it has already won, and that leverage is gone. Information. A proper assessment tells you which requirements each vendor meets and what the product is worth to you. The lesson says that knowing your choice and its value makes negotiating natural, and that detailed questions can bring the price down on their own. Going in without your requirements, or letting a sales demo decide them, gives that away. The lesson does not teach negotiation tactics beyond these two, and neither does this set. A quick test for each card: after this move, does the vendor still have a reason to compete for you, and do you still know what you need and what it is worth?

What you'll learn

Aligned to

CompTIA Security+
5.3 Explain the processes associated with third-party risk assessment and management.
NIST NICE
S0797 Skill in negotiating vendor agreements.
NIST CSF
GV.SC-06 Planning and due diligence are performed to reduce risks before entering into formal supplier or other third-party relationships.

Key terms

Vendor Selection
The process of choosing one or more vendors to proceed with based on assessment results and business requirements.
Contract Negotiation
The process of reaching a mutually agreed upon set of terms and conditions with a vendor before formalizing a business relationship in writing.
Vendor Assessment
The evaluation of potential vendors to determine whether they can meet an organization's defined requirements.

Topics

Vendor Management Vendor Selection Interactive Streak Sort

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