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Who is a Supplier in business?

A supplier is a person or a company who provides goods or services to another person or entity. For every business transaction, there are two parties. One party is a seller and the other a buyer. The seller is mostly referred to as the supplier while the receiver is the buyer.

In a channel of distribution, the supplier manufactures goods and transfers them to the distributors. From there, the goods are sold to the wholesaler until they get the final consumer. In some business sectors, the supplier is called a vendor.