Basics - What is the difference between Supplier and Vendor?

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What is the difference between Supplier and Vendor?

Total Answers and Comments: 5

Last Update: November 17, 2009 Asked by: Debarshee Sinha

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Submitted by: manoj

Supplier - Supplier are those which provideÂ some material to the company but they have not any contract to the company
Vendor - They also provide the material to the company but they have contract to the company

Regards
mann

Above answer was rated as good by the following members:
thiru.anandan

August 14, 2007 01:10:41

ravi

RE: What is the difference between Supplier and Vendor...

Supplier -> Can provide the material as per indent.
Vendor -> Can produce & supply the material to the customer.

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October 29, 2007 05:10:33

manoj

RE: What is the difference between Supplier and Vendor...

Supplier - Supplier are those which provide some material to the company but they have not any contract to the company
Vendor - They also provide the material to the company but they have contract to the company

Regards
mann

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1 0

Overall Rating: +1

January 17, 2008 06:41:21

Susil Kumar

Member Since: January 2008 Contribution: 11

RE: What is the difference between Supplier and Vendor?

Take a look at the following...
Consider you play the role of a vendor.

Your responsibilities will include:
* Buy a product sell it to your customer and you still responsible for its
maintenance

Suppose you are a supplier:

Your responsibilities will include:

* You buy products keep them. You can sell it. You are no more responsible for its future
maintenance.

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January 27, 2008 10:01:50

sidwho

Member Since: January 2008 Contribution: 1

RE: What is the difference between Supplier and Vendor?

vendor - An organization that sells something. In this publication vendor refers to both manufacturers and distributors as long as they sell products to the general public.
supplier - someone whose business is to supply a particular service or commodity

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November 15, 2009 16:40:34

peterson1975

Member Since: November 2009 Contribution: 3

RE: What is the difference between Supplier and Vendor?

When a company needs a product it places an offer to vendor(s). The vendor(s) on the other hand will place bits (amounts based on quality) this is evaluated by the company and a final vendor selected. At this stage the vendor is considered a prospective supplier yet no contract exist (acceptance is still pending)
A supplier is a vendor who's bit has been accepted hence an offer and an acceptance exist between the two parties as well as other components of a contract are established e.g terms and conditions a consideration etc.

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