third party and supply chain management
nouncandidate·updated May 9, 2026
Supply chain management is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies, i.e., Third Parties. Third party management is the process whereby companies monitor and manage interactions with all external parties with which it has a relationship.
Framework senses
- §1
- Supply chain management is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain management involves coordinating and integrating these flows both within and among companies, i.e., Third Parties. Third party management is the process whereby companies monitor and manage interactions with all external parties with which it has a relationship.