a bidder is a contractor or supplier,but, .......
Vendor rating is relative to the industry/other peer companies in the respective sector. Supplier appraisal is specific to one company in relation with its earlier performance.
A dealer is often a supplier of narcotics. A stockist is a person prejudiced against stock...... Like racist, but towards stock.
Between $10 and $100 dollars depending on your buyer/bidder.
Tender is the enquiry floated by the purchaser for the purchase of any material, completion of work etc. Quotation is the answer given by the supplier to tender enquiry in terms of rate quoted for each item etc.
A purchase order typically binds a supplier to provide goods at a fixed price. This document outlines the specific terms of the transaction, including the quantity, price, and delivery details. Once accepted by the supplier, the purchase order serves as a legally binding agreement between the buyer and the supplier.
A supplier makes the goods available that the customer then buys.
Supplier supplies product to the customer and the customer buys the product
Sole supplier is the only one supplier can be sourced in market. Single supplier is the one can be substituted by alternative supplier but buyer sources from single supplier for strategic reason. (PVO consolidation, etc)
Vendor -Supplier of the product Manufacturer- developer of the product
Vendor rating is relative to the industry/other peer companies in the respective sector. Supplier appraisal is specific to one company in relation with its earlier performance.
Direct customer is someone dealing directly with the supplier, indirect customer is someone who deals with the supplier through an intermediary (agent, etc.)
The primary difference between credit and debit memo is where it originates. Credit memo is raised by a supplier to a consumer when goods are returned, while debit memo is raised by a consumer towards the supplier.
Vendor rating is relative to the industry/other peer companies in the respective sector. Supplier appraisal is specific to one company in relation with its earlier performance.
stake owner is a person who have any stake in a company .he may be a supplier ,distributer
supplier means who is provided for the material and other goods,human related services to the organization he is a supplier. creditor means who is money related services provided to the organization. he is a creditors
Supplier - someone whose business is to supply a particular service or commodity. Contractor - A person or company that undertakes a contract to perform a service or do a job. Similar, yet different
A buyer-supplier relationship refers to the connection or interaction between an organization (the buyer) that procures goods or services and the company (the supplier) that provides them. This relationship can range from a simple, transactional exchange to a complex, strategic partnership. Key aspects include: Communication: How information is shared (e.g., orders, specifications, feedback, issues). Trust: The level of confidence each party has in the other's reliability and integrity. Collaboration: The extent to which buyer and supplier work together on joint projects, problem-solving, or innovation. Interdependence: How much each party relies on the other for success. Performance: The supplier's ability to meet the buyer's needs in terms of quality, cost, delivery, and service. Risk Sharing: How risks associated with the product or service are managed between the parties. The nature of the relationship often depends on factors like the strategic importance of the procured item, the number of available suppliers, and the long-term goals of both organizations. A strong, positive buyer-supplier relationship can lead to mutual benefits such as cost savings, improved quality, faster innovation, and increased efficiency.