Explain third party process

Question

Accepted Answer

Third party process is a business scenario where a company outsources a part of its business process to a third party vendor.

In this process, the third party vendor receives the order from the customer and delivers the product directly to the customer.
The company acts as an intermediary between the customer and the vendor.
The company does not physically handle the product, but is responsible for the order management and billing.
The third party process is commonly used in industries such as retail, e-commerce, and manufacturing.
Example: A company sells a product on its website, but does not have the product in stock. The company receives the order from the customer and forwards it to a third party vendor who ships the product directly to the customer.

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