Third Party Vendors
just don't get third partied
uhhh third parties are sometimes good and sometimes bad. choose the good ones to do business with.
Third-Party Relationships (Raw Lesson Content)
- Vendor - A vendor is a company that sells an organization's goods or provides supplies an organization needs.
- Supply chain - Supply chain relationships are collaborative relationships in which companies work together to achieve their operational objectives.
- Business partner - A business partnership is an agreement between parties to operate a business together and to share its profits.
Conflict of Interest
when interests and advantages compete in prioritization with mutual collaboration between organizations, sometimes due to:
- financial interests
- personal relationships
- competitive relationships
- insider information