Hi there, Westwardcc.
Thanks for stopping by this morning, I'm happy to clarify the differences between a supplier and a vendor as they are a little bit different. A supplier is a business or person that make goods available to another business or service such as yourself. Suppliers are typically the first stop in the supply chain. While a vendor is a business or person who purchases products from a company like yours, then sells them to another. They’re often considered the last step in the supply chain. Additionally, a notable difference is that vendors are usually in the business of providing items as inventory, while suppliers deal more often in raw materials that can be manufactured into another item entirely. I hope this helps and I'm going to include a useful article that covers common accounting terms you'll run across on a daily basis. If there's anything else I can do to help, feel free to post here anytime. Thanks for dropping by and I hope you have a lovely day today.
