To purchase this product/service from a vendor that needs to be selected to assign a preferred vendor.
A vendor, sometimes referred to as a supplier, is a person or business that sells goods or services to another party in the chain of economic production.
Vendors are a part of the supply chain, which is the network of all the people, businesses, assets, tasks, and technological components involved in the production and marketing of a good, from the delivery of raw materials from the supplier to the manufacturer to the final delivery to the customer.
Manufacturers of parts sell their products to other manufacturers, who combine the parts into finished goods that are then sold to retailers or wholesalers. Retailers are companies that sell goods to consumers. The phrase is frequently used to refer to enterprises that provide goods and services to other businesses in the information technology industry as well as other sectors.
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