Browse Definitions :
Definition

vendor

A vendor, also known as a supplier, is an individual or company that sells goods or services to someone else in the economic production chain. 

Vendors are a part of the supply chain: the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, through to its eventual delivery to the end user.

Parts manufacturers are vendors of parts to other manufacturers that assemble the parts into something sold to wholesalers or retailers. Retailers are vendors of products to consumers. In information technology as well as in other industries, the term is commonly applied to suppliers of goods and services to other companies.

A tier 1 vendor is a large and well-known vendor, often enjoying national or international recognition and acceptance. Tier 1 vendors may be both manufacturers and value-added resellers (VARs). A tier 2 vendor is a smaller and less well-known provider that is often also limited in its geographic coverage as well. As a consequence, a tier 2 vendor is generally regarded as a secondary source rather than the preferred source.

Some organizations implement internal units known as vendor management offices (VMO) dedicated to evaluating third-party providers of goods and services, supervising day-to-day interactions and managing longer-term relationships.

The word vendor comes from the French verb vendre, meaning to sell.

This was last updated in March 2015

Continue Reading About vendor

Join the conversation

2 comments

Send me notifications when other members comment.

Please create a username to comment.

thank you,you help me alot
Cancel
it also means this dependent on a specific operating system
Cancel

-ADS BY GOOGLE

File Extensions and File Formats

Powered by:

SearchCompliance

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

  • compliance as a service (CaaS)

    Compliance as a Service (CaaS) is a cloud service service level agreement (SLA) that specified how a managed service provider (...

  • data protection impact assessment (DPIA)

    A data protection impact assessment (DPIA) is a process designed to help organizations determine how data processing systems, ...

SearchSecurity

  • cybersecurity

    Cybersecurity is the protection of internet-connected systems -- including hardware, software and data -- from cyberattacks.

  • encryption

    Encryption is the method by which information is converted into secret code that hides the information's true meaning. The ...

  • computer worm

    A computer worm is a type of malicious software program whose primary function is to infect other computers while remaining ...

SearchHealthIT

SearchDisasterRecovery

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

SearchStorage

Close