Vendor-sourced describes products, services, or data that originate from or are supplied by an external vendor or third-party supplier. It implies reliance on an outside entity for the provision of something rather than internal generation or production. This sourcing method often involves contractual agreements, quality control measures, and adherence to vendor-specific processes. The term highlights the external origin and dependency on the vendor's expertise, resources, or infrastructure, in the context of the purchasing entity's operations. It is commonly found in business, technology, and supply chain contexts.
Vendor-sourced meaning with examples
- The company decided to implement a vendor-sourced cloud platform for its data storage needs, allowing for scalability and cost-effectiveness. This meant they trusted an outside company with their data.
- The company's inventory management system is heavily reliant on vendor-sourced components, leading to potential delays if the vendor experiences supply chain disruptions. It is very dependent on others.
- The marketing department utilizes vendor-sourced graphic design services to create promotional materials, enabling the company to access specialized skills without hiring full-time staff. It allows a more nimble approach.
- After a security audit, they identified several vendor-sourced software vulnerabilities within the company’s network. This highlighted a need for more strict vendor selection criteria.