Vendors frequently sign service level agreements defining their capacity to handle demand spikes and guaranteeing a guaranteed uptime with their clients.
What is Vendor?
An organisation that contributes products or services is referred to as a vendor, supplier, provider, or seller in a supply chain. A supply chain vendor typically produces inventory or stock items as well as sells them to the chain's following link. These terms now describe a provider of any services or products. Anyone who offers goods or services to another entity is referred to as a vendor in supply chain management. Vendors can engage in business-to-business (B2B) or direct-to-consumer (B2C) or business-to-government (B2G) sales (business to government).
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