Supplier Vs Vendor What Is The Difference

Risk involved in vendor and supplier.

Supplier vs vendor what is the difference. Likewise when the supplier supplies goods directly to the final consumer he is called as vendor. We frequently encounter words like vendor and supplier in a supply chain and many times the words are used interchangeably to refer to a person or anyone who supplies goods or services to an organization. On the other hand a sub contractor is a person or an entity who work under a prime contractor. A vendor is a person who sells and supply products to a wide range of customers including individual as well as large companies.

The difference between a vendor and a supplier is that a vendor is a person or company that supplies goods to the people directly. A vendor also differs from a supplier in that a vendor can be both a supplier and a manufacturer. It is considered that suppliers are vendors but in real scenario they are totally different the suppliers are ones who sell the goods services to the vendors and from the vendors these goods services are sold directly to the customers. The terms are in some ways interchangeable except that in common parlance a supplier offers products in the business to business b2b space whereas a vendor might offer products for b.

While the supplier is a person or organization that provides goods from the company to the vendor most probably vendor vs. Summary of vendor vs. Supplier vendor and procurement management are three terms that are sometimes used interchangeably. Summary of vendor vs.

The major difference between vendor and supplier lies in the purpose of sale i e. The difference between a vendor and a supplier exists in their roles and responsibilities. A supplier also sells something. They are each their own discipline and each deserve their own set of rules and practices.

When the goods are sold by vendor to another party for the purpose of resale a vendor will be called as supplier. While the risk of being a vendor is less as goods are bought based on the demand basis by the consumer the risk associated with being a supplier is more as they deal with products in bulk. Advertisement a b2b food vendor sells food to a restaurant so that it can be resold to the restaurant s customers but a b2c vendor such as a hot dog vendor sells its products directly to consumers.

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