The party furnishing goods or services in a business transaction in return for the agreed upon compensation. As such, suppliers do not generally interact with consumers directly, leaving that task to vendors or shop owners. It is not unusual for…
Read MoreSupplier appraisal
An assessment of a supplier’s suitability and capability to supply specific goods or services, before awarding a contract.
Read MoreSupplier lead time
The amount of time that normally, elapses between the time an order is received by a supplier and the time the order is shipped.
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