Vendor_(supply_chain)

A vendor, or a supplier, is a supply chain management term that means anyone who provides goods or services to a company. 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.

Vendors are often managed with a vendor compliance checklist or vendor quality audits.

Purchase orders are usually used as a contractual agreement with vendors to buy goods or services.

Vendors may or may not function as distributors of goods. Vendors may or may not function as manufacturers of goods. If vendors are also manufacturers, they will make to stock rather than make to order.

Vendor is often a generic term, used for suppliers of industries from retail salesVendor - Supplier: What is a Retail Vendor? to manufacturers to city organizationsBecome A Vendor/Supplier. Vendor generally applies only to the immediate vendor, 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 than the immediate vendorSkjott-Larsen, Tage; Philip B. Schary, Juliana H. Mikkola, Herbert Kotzab (2007). Managing the Global Supply Chain. Copenhagen Business School Press DK, 20. ISBN 8763001713. .

History

The term vendor originally represented property vendorsVendor. However, today it means a supplier of any good or service. A A vendor, or a supplier, is a supply chain management term that means anyone who provides goods or services to a company. 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.

Vendors are often managed with a vendor compliance checklist or vendor quality audits.

Purchase orders are usually used as a contractual agreement with vendors to buy goods or services.

Vendors may or may not function as distributors of goods. Vendors may or may not function as manufacturers of goods. If vendors are also manufacturers, they will make to stock rather than make to order.

Vendor is often a generic term, used for suppliers of industries from retail salesVendor - Supplier: What is a Retail Vendor? to manufacturers to city organizationsBecome A Vendor/Supplier. Vendor generally applies only to the immediate vendor, 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 than the immediate vendorSkjott-Larsen, Tage; Philip B. Schary, Juliana H. Mikkola, Herbert Kotzab (2007). Managing the Global Supply Chain. Copenhagen Business School Press DK, 20. ISBN 8763001713. .

History

The term vendor originally represented property vendorsVendor. However, today it means a supplier of any good or service.

See also

• Vendor Managed Inventory
• Purchase order
• Purchase requisition
• Quote
• Inventory
• Supply chain management

References

This business-related article is a stub. You can help by expanding it.

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See also

• Vendor Managed Inventory
• Purchase order
• Purchase requisition
• Quote
• Inventory
• Supply chain management

References

This business-related article is a stub. You can help by expanding it.

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