How to manage Supplier

In procurement, a supplier is an individual or company that provides goods or services to another organisation. Suppliers play a critical role in the supply chain, delivering the materials, products, or services that are necessary for the buyer to operate its business or complete its projects.

In the procurement process, the key functions of a supplier include:

• Provision of goods or services : Supplying raw materials, components, finished products, or services that meet the buyer's requirements.
• Compliance with quality standards : Ensuring that the products or services provided adhere to the agreed-upon specifications or industry standards.
• Delivery management : Ensuring timely and accurate delivery of goods or services to the buyer.
• Price and payment terms : Negotiating and agreeing on prices, discounts, and payment terms with the buyer.

suppliers you can refer, To customize click at Section

Suppliers can range from manufacturers and wholesalers to service providers, depending on the industry and the specific needs of the buyer. The buyer's relationship with the supplier is typically formalised through contracts or purchase orders.