• Business
  • Crypto
  • Investing
  • Lifestyle
  • Money
  • Glossary
    • A
    • B
    • C
    • D
    • E
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Finance Reference
Quotes by TradingView
  • Business
    • Struggling With Your Business’ Money Management? These 8 Tips Can Save the Day!
      Do You Have Good Working Relationship? Here’s What To Know
      Most Relevant UX Practices Implemented in Online Businesses in New York
      You Need These 4 Types of Insurance to Protect Your Business
      Using Reviews to Help Your Business Stand Out
  • Crypto
    • Finest crypto trading bot
      Making a Living off Cryptocurrency: Is it Possible?
      Two Reasons Why the Use of Bitcoin is Becoming Popular within Online Casinos
      Games Canadians Can Find at BTC Betting Sites
      A future Bitcoin City?
  • Investing
    • How To Choose The Top Financial Services Company
      Signs of a Reputable Extended Car Warranty
      How Lithium Stocks Could Power Up Your Investment Portfolio
      5 Reasons Lab-Grown Diamonds Are Perfect For Engagement Rings
      Is It Possible to Make Risk-Free Profits With Betting?
  • Lifestyle
    • 4 Tips To Help You Prepare For An Outdoor Barbecue
      Implement Entertainment: Kodi Setup/Install On Jailbroken Fire Device
      Pros of Strategic Thinking and How to Develop It
      Recreational Loan Types and Their Benefits
      7 Things That Will Help You Cope After a Car Accident
  • Money
    • What are Emergency Loans and When Is the Right Time To Get One
      What are Emergency Loans and When Is the Right Time To Get One
      First-Time Home Buying: Is There Really a Financially Best Time to Buy?
      How to Find the Best Car Insurance for a Multi-Car Household
      5 Effective Ways To Reduce HOA Management Costs
  • Glossary
    • Day vs GTD
      Day Vs GTD – What
      risk vs. reward
      How to Calculate the Risk Vs Reward Ratio
      principle vs agent
      Principle vs Agent 
      assurance and insurance
      What’s the Difference Between Assurance and Insurance?
      Primary Vs Contingent Beneficiary
      Wills – Primary Vs Contingent Beneficiary
      AllABCDE
  • Glossary
  • V

Vendor

By
rjonesx
-

Definition

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 items and sells them to the next link in the chain. Today, these terms refer to a supplier of any good or service.


Vendor

What is a ‘Vendor’

A vendor is a party in the supply chain that makes goods and services available to companies or consumers. The term “vendor” is typically used to describe the entity that is paid for goods that are provided, rather than the manufacturer of the goods itself. It is possible, however, for a vendor to sometimes operate as both a supplier (or seller) of goods and a manufacturer.

Explaining ‘Vendor’

A vendor, also known as a supplier, is a person or a business entity that sells something. Large retail stores such as Target, for example, generally have a list of vendors from which they purchase goods at wholesale that they sell at retail to their customers. Vendors can also sell directly to the customer, as seen with street vendors and food trucks. In addition, a vendor can act as a business-to-business (B2B) sales organization that provides parts for another business to make an end product.

Vendors as Part of the Supply Chain

A supply chain is the summation of all individuals, organizations, resources, activities and technologies used in the manufacturing and selling of a good or service. The supply chain starts with the production and delivery of raw source material, and it ends with the sale and delivery of the end product. Vendors are found all throughout the supply chain. For example, a manufacturer that turns raw material into a finished good is a vendor to wholesalers and retailers that sell the product to a consumer. In turn, retailers are a vendor for the end customer. For example, Target is a vendor for a person looking for home appliances. A vendor, therefore, is a general term used to describe any supplier of a good or service.

An Example of Vendors

Large corporate events are good examples of times when vendors are needed. If, for example, the human resources department of a large company plan a holiday party for its employees, it seeks to hire outside vendors to supply the event. First, the department has to choose a location, and the owner of the event space itself becomes a vendor when the date is reserved and the contract signed.

Further Reading

  • Operational decisions, capital structure, and managerial compensation: A news vendor perspective – www.tandfonline.com [PDF]
  • Vendor–buyer inventory models with trade credit financing under both non-cooperative and integrated environments – www.tandfonline.com [PDF]
  • The impact of switching costs on vendor financing – www.sciencedirect.com [PDF]
  • Enterprise risk management: a DEA VaR approach in vendor selection – www.tandfonline.com [PDF]
  • Business e-books: what can be learned from vendor supplied statistics? – www.tandfonline.com [PDF]
  • Coordination Mechanism Designing for Vendor Managed Inventory under Asymmetric Information [J] – en.cnki.com.cn [PDF]
  • Analyzing the Impacts of Vendor Management Inventory on Market Competition [J] – en.cnki.com.cn [PDF]
  • A simple integrated production policy of an imperfect item for vendor and buyer – www.tandfonline.com [PDF]
  • A system dynamic model of vendor managed inventory and third party logistics – en.cnki.com.cn [PDF]
  • An integrated single-vendor single-buyer inventory system with shortage derived algebraically – www.tandfonline.com [PDF]
Previous articleVeblen Good
Next articleVariable Cost-Plus Pricing
rjonesx

RELATED ARTICLESMORE FROM AUTHOR

Day vs GTD

Day Vs GTD – What

risk vs. reward

How to Calculate the Risk Vs Reward Ratio

principle vs agent

Principle vs Agent 

EDITOR PICKS

Should I invest in additional life coverage?

Per Stirpes vs Per Capita

Quarter (Q1, Q2, Q3, Q4)

FAAMG Stocks

SPX vs SPY: Which is Better for Trading Options on the S&P 500?

Joint Supply

Latest

Day Vs GTD – What

How to Calculate the Risk Vs Reward Ratio

Principle vs Agent 

What’s the Difference Between Assurance and Insurance?

Wills – Primary Vs Contingent Beneficiary

Understanding the Difference Between deflation and Inflation in Commodities and Shares

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • About
  • Accessibility
  • Privacy
  • Sitemap