What is vendor or vender?

A vendor or vender is a person or entity that sells goods or services to customers, usually in a business-to-business (B2B) or business-to-consumer (B2C) environment. Vendors can sell physical products such as electronics, clothing, and food, or they can offer intangible services such as consulting, software development, and insurance.

In some cases, vendors may operate from a physical storefront, while in others they may sell their products or services online through an e-commerce platform.

Vendors play a crucial role in supply chain management, as they are responsible for sourcing, producing, and delivering the goods or services that manufacturers and other businesses need to operate. In addition, vendors are also responsible for maintaining relationships with their customers, ensuring that they receive high-quality products or services, and addressing any issues or complaints that may arise.

Overall, the success and profitability of a vendor depend on their ability to provide excellent customer service, create end-to-end solutions, and differentiate themselves from competitors in a crowded marketplace.