Supplier Data Definition
A supplier is an entity that provides goods or services to another entity. In business, a supplier is typically an organization or person that supplies goods or services to a company. A company may have multiple suppliers for different products or services.
In order to track and manage suppliers, companies need to maintain accurate and up-to-date records of supplier information. This supplier data can include the name and contact information of the supplier, the products or services they provide, pricing information, and any other relevant details.
accurate and up-to-date supplier data is essential for maintaining efficient operations and good vendor relationships. Good supplier data management can help streamline procurement processes, improve communication with suppliers, and ensure that you are getting the best value for your purchases.
