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In a
supply chain In , a supply chain is a system of organizations, people, activities, information, and resources involved in supplying a or to a consumer. Supply chain activities involve the transformation of s, s, and components into a finished product and de ...

supply chain
, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock items and sells them to the next link in the chain. Today, these terms refer to a supplier of any goods or service.


Description

A vendor, or a supplier, is a
supply chain management File:Supply and demand-stacked4.png , 400px, In an efficient supply chain agreements are aligned In commerce, supply chain management (SCM), the management of the flow of good (economics), goods and Service (economics), services, between busi ...
term that means anyone who provides goods or services of experience to another entity. Vendors may sell B2B (
business-to-business Business-to-business (B2B or, in some countries, BtoB) is a situation where one business makes a commercial transaction with another. This typically occurs when: * A business is sourcing materials for their production process for output (e.g., ...
; i.e., to other companies), B2C (business to consumers), or B2G (business to government). Some vendors manufacture inventoriable items and then sell those items to
customer In sales Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, complet ...

customer
s, while other vendors offer services or experiences. Typically vendors are tracked in either a finance system or a
warehouse management system A warehouse management system (WMS) is a software application designed to support and optimize warehouse functionality and distribution center management. These systems facilitate management in using simplified automatic technologies useful in dail ...
. Vendors are often managed with a vendor compliance checklist or vendor
quality audit Quality may refer to: Concepts *Quality (business) In business, engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, ...
s, and these activities can be effectively managed by software tools
Purchase order A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from ex ...
s are usually used as a contractual agreement with vendors to buy goods or services. Vendors may or may not function as
distributors A distributor is an enclosed rotating Shaft (mechanical engineering), shaft used in Spark-ignition engine, spark-ignition internal combustion engines that have mechanically timed ignition system, ignition. The distributor's main function is to r ...
or
manufacturers Manufacturing is the creation or production Production may be: Economics and business * Production (economics) * Production, the act of manufacturing goods * Production, in the outline of industrial organization, the act of making products (g ...
of goods. If vendors are also manufacturers, they may either
build to stock Build may refer to: * Engineering Engineering is the use of scientific method, scientific principles to design and build machines, structures, and other items, including bridges, tunnels, roads, vehicles, and buildings. The discipline of e ...
or
build to order Build to Order (BTO: sometimes referred to as Make to Order or Made to Order (MTO)) is a production approach where products are not built until a confirmed order for products is received. Thus, the end consumer determines the time and number of p ...
. "Vendor" is often a generic term, used for suppliers of industries from
retail sales Retail is the process of selling consumer goods A final goods or consumer goods is a commodity that is used by the consumer to satisfy current wants or needs, unlike intermediate goods which is utilized to produce another goods. A microwave o ...
to manufacturers to city organizations. The term generally applies only to the immediate seller, or the organization that is paid for the goods, rather than to the original manufacturer or the organization performing the service if it is different from the immediate supplier.


See also

*
Peddling A peddler, in pedlar, also known as a chapman, packman, cheapjack, hawker, higler, huckster, (coster)monger, colporteur or solicitor, is a door-to-door and/or traveling of . In England, the term was mostly used for travellers goods in the c ...
*
Retailer Retail is the sale of and to s, in contrast to , which is sale to business or institutional customers. A retailer purchases goods in large quantities from , directly or through a wholesaler, and then sells in smaller quantities to consumers f ...
*
Wholesaler Wholesaling or distributing is the sale of goods or merchandise Merchandising is any practice which contributes to the sale of products to a retail consumer A consumer is a person or a group who intends to order, orders, or uses purchased ...


References

Supply chain management {{business-stub