Vendors, aka "suppliers," are the companies that supply your company with goods and services necessary to be in business. They range from small businesses that provide office supplies and maintenance services to global organizations that source raw materials for manufacturing and skilled operators for IT management. Vendors sell, lease, or rent almost anything of value needed to be in business, including space, people, and time. The relationship between a vendor and buyer is both strategic and symbiotic in nature. Buyers depend on vendors supplying what they need in a predictable manner with consistent service and performance. Similarly, vendors depend on buyers to pay for the goods and services on time and in the agreed manner.
