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Third-party management is the process whereby companies monitor and manage interactions with all external parties with which it has a relationship. This may include both contractual and non-contractual parties. Third-party management is conducted primarily for the purpose of assessing the ongoing behavior, performance and risk that each third ...
Third-party logistics providers include freight forwarders, courier companies, and other companies integrating and offering subcontracted logistics and transportation services. Hertz and Alfredsson (2003) describe four categories of 3PL providers: [4] Standard 3PL Provider. this is the most basic form of a 3PL provider.
In commerce, a " third-party source " means a supplier (or service provider) who is not directly controlled by either the seller (first party) nor the customer / buyer (second party) in a business transaction. [1] The third party is considered independent from the other two, even if hired by them, because not all control is vested in that ...
Intermediary. An intermediary, also known as a middleman or go-between, is defined differently by context. In law or diplomacy, an intermediary is a third party that offers intermediation services between two parties. In trade or barter, an intermediary acts as a conduit for goods or services offered by a supplier to a consumer, which may ...
Third party (U.S. politics) Third party, or minor party, is a term used in the United States' two-party system for political parties other than the Republican and Democratic parties. Third parties are most often encountered in presidential nominations. Third party vote splitting exceeded a president's margin of victory in three elections: 1844 ...
Third-party administrator. In the United States, a third-party administrator ( TPA) is an organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity. [1] It is also a term used to define organizations within the insurance industry which administer other services such as underwriting and ...
Trusted third party. In cryptography, a trusted third party ( TTP) is an entity which facilitates interactions between two parties who both trust the third party; the third party reviews all critical transaction communications between the parties, based on the ease of creating fraudulent digital content. In TTP models, the relying parties use ...
Third-party doctrine. The third-party doctrine is a United States legal doctrine that holds that people who voluntarily give information to third parties—such as banks, phone companies, internet service providers (ISPs), and e-mail servers—have "no reasonable expectation of privacy " in that information. A lack of privacy protection allows ...