Third-party management

The process of overseeing and managing relationships with external entities that provide goods, services, or perform functions on behalf of an organization. Effective third-party management ensures that these external entities comply with the organization's standards, policies, and regulatory requirements, and that they deliver quality and value. It is crucial for organizations that rely on vendors, suppliers, contractors, and other business partners to mitigate risks and achieve strategic objectives.

Third-party management was discovered on June 24th 2022 and it currently has a search volume of 1K with a growth of +2400%.