The term ‘vendor’ is a generic label applied to suppliers. It is usually used to describe first tier suppliers and may embrace manufacturers, distributors or agents. When developing a classification of supplier relationships, the term ‘vendor’ is often applied to normal commercial relationships where there is limited cooperation, alignment or joint projects. This contrasts with the label ‘partner’ which is attributed to suppliers with whom there is a greater degree of cooperation. See also Supplier Relationship Management.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
