The Russian language has a lot of borrowed words. Among them is the word "vendor" considered by us. What such a word means, you will learn in this article.
Varieties of companies
They are different. Some make and sell, some just buy and sell. They are also called resellers. And which of them is the most attractive to the buyer?
Of course, one who has his own production. He has a lot of advantages, among which, for example, the ability to offer goods and services at competitive prices. And such companies can monitor the quality of manufactured and sold products.
Another category is those that first buy goods from wholesalers larger than them, and then are forced to sell the same products at great cost in order to make a profit. As a rule, such organizations sell their goods to small enterprises, small entrepreneurs. Everyone has their own niche.
Word interpretation
So where does this information come from? What is a vendor? We are very close to the answer! You already learned something about him. This is a company that belongs to one of these categories.
There is a reseller and a vendor. What does the word mean? There are those who do not produce, but sell. And there are also those who manufacture and supply their products, whether goods or services, under their own brand.
The advantages of manufacturing companies
We have already noted that it is pleasant to work with them, if only because they are directly responsible for the quality, moreover, the prices of their products are lower than those of the resellers. The following points are also important.
Suppose that one organization purchased equipment (no matter what), and it broke. If the goods were purchased from the seller-manufacturer, then the issue of warranty repair is resolved quickly. If purchased from a reseller, this business may be delayed or may not end with anything good for the buyer. That is why many large organizations want to know who the seller is - the reseller he or the vendor.
What does this word mean, we examined. We noted the benefits of working with vendors. If you are an entrepreneur, keep this in mind, even if you are purchasing a few products, because vendors are also different. There are both large manufacturers and small ones. Many begin to produce products in small volumes.
For reference
What is the history of this term? The word in question came to us from English: vendor is derived from the Latin vendere, meaning "sell."