Supplier

What does supplier mean?

At its most basic level, a supplier is a company or individual who provides goods or services to another company or individual. In the context of demand planning, suppliers are an essential part of the supply chain, responsible for providing the products or services that a business needs to meet customer demand.

What do we mean by supplier?

The term 'supplier' can refer to a wide range of businesses or individuals who provide goods or services to other businesses or individuals. This can include manufacturers, wholesalers, distributors, and service providers.

What is an example of a supplier?

An example of a supplier might be a manufacturer that produces raw materials, such as steel or plastic, that are used in the manufacturing of products. Another example might be a service provider that offers IT services, such as software development or network management, to other businesses.

Does supplier mean seller?

While the terms 'supplier' and 'seller' are often used interchangeably, there is a subtle difference between the two. A supplier is typically a company that provides goods or services to another company as part of the supply chain. A seller, on the other hand, is a company or individual that sells products or services to another business or individual.

What is the difference between supplier and vendor?

While the terms 'supplier' and 'vendor' are often used interchangeably, there is a subtle difference between the two. A supplier is typically a company that provides goods or services to another company as part of the supply chain. A vendor, on the other hand, is a company or individual that sells products or services to another business or individual. In other words, all vendors are suppliers, but not all suppliers are vendors.