Supplier

Posted in Marketing and Strategy Terms, Total Reads: 495
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Definition: Supplier

Supplier are that group of firms that provide raw material or semi processed goods to a manufacturing firm.



In the value chain, supplier occupy the top level of position. Procurement by the manufacturer is done from the suppliers. Any party in the value chain which provides the key items for the required end product is supplier.


Example:

Tata Steel is a supplier to any construction firm which requires structures and trusses for construction.

 

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