Supplier

Definition

Supplier. A party that supplies goods or services. An entity upstream from the organisation (i.e., in the organisation’s supply chain), which provides a product or service that is used in the development of the organisation’s own products or services.

A supplier can have a direct business relationship with the organisation (often referred to as a first-tier supplier) or an indirect business relationship.

Examples

• A node in a Physical Supply Chain
• An Electricity Supplier

Notes

• A supplier may be distinguished from a Contractor or subcontractor, who commonly adds specialized input to deliverables.
• The suppliers of suppliers in a supply chain are denoted as second tier suppliers etc.

See Also

• http://www.businessdictionary.com/definition/supplier.html

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.