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Vendor – Who is a vendor
- December 23, 2015
- Posted by: admin
- Category: Uncategorized
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Vendor-Who is a vendor?
In a supply chain, a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock
itemsand sells them to the next link in the chain. Today, the terms refers to a supplier of any good or service.
Description:
A vendor, or a supplier, is a supply chain management term that means anyone who provides goods or services to a company or individuals. A vendor often manufactures inventoriable items, and sells those items to a customer.
Typically vendors are tracked in either a finance system or a warehouse management system.