MANAGEMENT

Detailed explanation-1: -A vendor is a general term for anyone who buys and sells goods or services. A vendor purchases products and services and then sells them to another company or individual. Large retailers, like Target, rely on many different vendors to supply products, which it buys at wholesale prices and sells at higher retail prices.

Detailed explanation-2: -A vendor is a person or company that sells goods or services for a profit. They can operate in a business-to-consumer (B2C) or business-to-business (B2B) environment. In B2B, vendors are often known as suppliers.

Detailed explanation-3: -A vendor definition refers to an individual or business selling or supplying commodities and services to end-users. They deliver raw materials to manufacturers and finished goods to wholesalers, retailers, and customers as part of the supply chain management process.

Detailed explanation-4: -Definition and Example of a Vendor A company or an individual who sells a good or a service is a vendor. Vendors may sell to other businesses, or they may be retailers who sell straight to consumers. An example of a vendor is a company that provides inventory for boutique clothing stores.

Detailed explanation-5: -Vendor managed inventory (VMI) is an arrangement where suppliers manage inventory levels that have been pre-determined. In short, the supplier takes decisions on behalf of the retailer wherein the supplier replenishes the inventory continuously.