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Supplier Diversity Glossary

Third Party Master Database

What is a Third Party Master Database?

A third party master database is a database compiled from several public and private sources -- often hundreds -- in order to create a complete database with all of the vendor data available. Ideally, to ensure that the sources delivering the data are up-to-date, the third party runs each source through a quality assurance algorithm to to ensure every diverse supplier record is accurate.

 

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