Which aspect of vendor management involves determining if a vendor will remain in business over time?

Vendor viability refers to the assessment of a vendor's ability to remain operational and financially stable over time. This aspect is critical in vendor management because a vendor that is struggling or at risk of going out of business can pose significant risks to an organization's operations, including potential disruptions in service delivery, loss of support for products or services, and diminished supply chain reliability.

Evaluating vendor viability involves analyzing various factors, such as the vendor's financial health, market position, past performance, and strategic plans. Organizations often conduct due diligence on potential vendors, including reviewing financial statements, assessing credit ratings, and considering market trends that could impact the vendor's sustainability.

The other choices involve different aspects of vendor management that do not directly relate to the long-term viability of a vendor. For example, supply chain focuses on the logistics of moving goods and services, transmission control pertains to managing network data transmission, and vendor policy refers to the guidelines governing the relationship and transactions with vendors. None of these options specifically address the crucial question of whether a vendor can sustain its business operations into the future.