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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] this is the most basic form of a 3PL provider.
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 ...
Business process outsourcing (BPO) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. Originally, this was associated with manufacturing firms, such as Coca-Cola that outsourced large segments of its supply chain. [179]
NEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYS: MET) announced today that it will launch a third-party asset management business that will build upon its expertise in select private asset sectors ...
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 ...
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 connection.
The Third Party System was a period in the history of political parties in the United States from the 1850s until the 1890s, which featured profound developments in issues of American nationalism, modernization, and race. This period, the later part of which is often termed the Gilded Age, is defined by its contrast with the eras of the Second ...