What is a Supplier ?

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Supplier Definition

A supplier is a person, business, or entity that provides products or services to another entity. For example, a company that sells PCBAs to a laptop manufacturer or OEM is one example of a supplier. In the world of business to business (B2B), suppliers can refer to distributors (e.g., component manufacturers), vendors (organizations that sell products or services to customers), or contract manufacturers (organizations that manufacture products for OEMs and ODMs).

FAQs

What is the difference between a vendor and a supplier?

A vendor is a person, business, or entity that sells products and services to the end customer. A supplier, on the other hand, provides goods and services to another business or entity.

*Source: https://www.investopedia.com

What is the importance of a supplier?

Suppliers play a critical role in helping manufacturers deliver quality products on schedule and at a competitive price.

*Source: https://www.oberlo.com

What are the key roles of a supplier in business?

The main responsibilities of a supplier are to:

  • Ensure goods and services comply with all applicable laws and regulations
  • Provide high-quality goods and services at a reasonable price
  • Avoid conflicts of interest
  • Provide equal opportunities for all organizations to do business

*Source: https://www.oberlo.com

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