Vendor Management: Vendor Registration Process

Vendors

A vendor is a person, organization (usually with a business name), or some other legal entity that makes goods or sells its services to a consumer or other business owners.

Vendors are crucial to the supply chain, facilitating the sourcing, production, and distribution of goods and services.

Difference between vendor and supplier

    
        
                Ser No
                BASIS FOR COMPARISON
                VENDOR
                SUPPLIER
            

        
                1
                Meaning
                Vendor is an individual or entity, who sells goods and services for a price to the customers.
                Supplier is the one whose work is to provide the good or service required by the business.
            

                2
                Business Relationship
                B2C
                B2B
            

                3
                Supply chain link
                Last
                First
            

                4
                Objective
                To sell the goods to the final consumer.
                To make the goods available to the people who need it.
            

                5
                Purpose of sale
                Use
                Resale
            

    

Ser No	BASIS FOR COMPARISON	VENDOR	SUPPLIER
1	Meaning	Vendor is an individual or entity, who sells goods and services for a price to the customers.	Supplier is the one whose work is to provide the good or service required by the business.
2	Business Relationship	B2C	B2B
3	Supply chain link	Last	First
4	Objective	To sell the goods to the final consumer.	To make the goods available to the people who need it.
5	Purpose of sale	Use	Resale

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