Outsource Vendor

An outsource vendor is a third-party company or service provider that an organization hires to perform specific tasks, functions, or services. Discussions involving outsource vendors commonly occur in vendor meetings, where organizations evaluate potential outsourcing partners, negotiate contracts, and establish service-level agreements (SLAs). These meetings aim to ensure alignment between the organization’s needs and the vendor’s capabilities while addressing key aspects like cost, quality, and timelines. Vendor meetings play a crucial role in managing external partnerships and enhancing the organization’s efficiency and competitiveness.