MANAGEMENT

Detailed explanation-1: -Q: What is the difference between the role of partner versus supplier? A: A partner provides products and services much like a supplier; however, a partner also provides significant additional value to the customer throughout the product life cycle.

Detailed explanation-2: -Example of Supplier Relationships For example, if the company makes cars, a tire manufacturer provides finished tires to be installed in those cars. They may also engage with a material supplier that provides the aluminum for a part that the auto company must forge into making their car.

Detailed explanation-3: -A supplier is a person or a company who provides goods or services to another person or entity. For every business transaction, there are two parties. One party is a seller and the other a buyer. The seller is mostly referred to as the supplier while the receiver is the buyer.

Detailed explanation-4: -A supply chain partner is also a company that will provide you with the product or service you’ll need. The difference is that a supply chain partner has a full-service solution for sourcing, quality control, and logistics and consists of a network of multiple suppliers.