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:
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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.