What is another word for supplier?

What is another word for supplier? What is another word for supplier? dealer trader merchant seller purveyor provider contractor wholesaler vendorUS retailer What is supplier example? The definition of a supplier is a person or

What is another word for supplier?

What is another word for supplier?

dealer trader
merchant seller
purveyor provider
contractor wholesaler
vendorUS retailer

What is supplier example?

The definition of a supplier is a person or entity that is the source for goods or services. A company that provides microprocessors to a major computer business is an example of a supplier. A drug dealer who provides heroin to a heroin addict is an example of a supplier. One who supplies; a provider.

What is the difference between vendor and supplier?

Suppliers are often referred to as the first link in a supply chain, existing strictly in a B2B relationship. By contrast, a vendor is a business or person who purchases products from a company, then sells them to someone else.

What does supplier stand for?


Acronym Definition
SUPPLIERS Supply Chains LInking Food SMEs (Small and Medium-Sized Enterprises) in Europe’s Lagging Rural Regions (EU research project)

What are the different types of supplier?

4 Types of Material Suppliers and Their Impact on Your Business

  • MANUFACTURERS AND VENDORS. When you work with manufacturers and vendors, you’re working with the source of the supply chain.

What are the benefits of having multiple suppliers?

Common benefits of multiple sourcing include: less reliance on any one supplier providing a safety net if a supplier runs into difficulties. more flexibility to cope with unexpected events that could jeopardise capacity. fewer bottlenecks as more suppliers are able to meet peak demand.

Who is a good supplier?

Suppliers that possess these 10 characteristics of a good supplier are a cut above the rest.

  1. Accountability for quality issues.
  2. Production capabilities.
  3. Expertise in your product type and target market.
  4. Culture fit: the best suppliers are willing to work with you.
  5. Ease of communication.
  6. Cooperation with third-party QC.

Who are the suppliers?

A supplier is an entity that supplies goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products. Some suppliers may even engage in drop shipping, where they ship goods directly to the customers of the buyer.

What are the 5 types of supplier?

Here are the main types of suppliers.

  • Services. These include suppliers of electricity, water, telephones, IT, email, website hosting, stationery, facilities, transport, etc.
  • Sub-contractors. If you’re in a trade business, these will include other tradespeople.
  • Manufacturers/producers.
  • Distributors.
  • Importers.

How do you categorize a supplier?

ITIL recommends grouping suppliers into the four previous mentioned categories: strategic, tactical, operational, and commodity. Organizations will benefit by defining scope around the different categories of suppliers and conducting supplier management activities with respect to the type of supplier.

What are the benefits of suppliers?

8 Advantages of Supplier Development

  • Full transparency between organization and supplier.
  • Improved collaboration between organization and supplier.
  • Streamlined and reduced sourcing activities and lead times.
  • Improved quality, manufacturability, and reliability for new designs.

What is the main reason for evaluating a supplier?

What is a Supplier Evaluation? Supplier evaluation refers to the process of assessing and approving potential suppliers by quantitative and qualitative assessment. The purpose is to ensure a portfolio of best in class suppliers is available for use.

What are the characteristics of a supplier?

Here are eight characteristics of exceptional suppliers: 1. Good suppliers want to meet more than the minimum requirements. 2. Good suppliers are leaders in what they do and role models. 3. Good suppliers have a positive, can-do attitude. 4. Good suppliers are team players. 7. Good suppliers are flexible.

English Synonyms: more detail… supplier: supplier; provider; purveyor. supplier; purveyor; provider. supply: deliver; provide; supply; bring; send; furnish; put up for shipment; bring around; ship; hand over to; send round; give; provision; stock up; mail; feed; energize; ventilate; energise; add; append; ply; cater; render; issue.

What is a supplier in a business?

A supplier is a person or business that provides a product or service to another entity. The role of a supplier in a business is to provide high-quality products from a manufacturer at a good price to a distributor or retailer for resale.

What is the importance of supplier to the company?

A supplier in a business is someone who acts as an intermediary between the manufacturer and retailer, ensuring that communication is forthcoming and stock is of sufficient quality. Suppliers have a hugely important role at every stage of the product lifecycle.