Hi there, Winston here. How has the second month of the first year of a new decade been so far? Hope it’s going as planned. We’ll be delving into the world of Vendors and Logistics in our post today, and therein, clear a certain notion. Firstly, in a supply chain(which is the core of what we do at www.swifno.com), a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock items and sells them to the next link in the chain. Today, these terms refer to a supplier of any goods or service.

A vendor, or a supplier, is a supply chain management term that means anyone who provides goods or services of experience, to another entity. Vendors may sell B2B (business-to-business; i.e., to other companies), B2C (business to consumers), or B2G (business to government). Some vendors manufacture inventoriable items, and then sell those items to customers, while other vendors offer services or experiences. Vendors are often managed with a vendor compliance checklist or vendor quality audits, and these activities can be effectively managed by software tools. Purchase orders are usually used, as a contractual agreement with vendors, to buy goods or services. Vendors may or may not function as distributors or manufacturers of goods. If vendors are also manufacturers, they may either build to stock or build to order. This is according to Wikipedia.

"Vendor" is often a generic term, used for suppliers of industries from retail sales to manufacturers, to city organizations. The term generally applies only to the immediate seller, or the organization that is paid for the goods, rather than to the original manufacturer or the organization performing the service, if it is different from the immediate supplier.
According to Investopedia, a vendor is a party in the supply chain that makes goods and services available to companies or consumers. The term "vendor" is typically used to describe the entity that is paid for goods that are provided, rather than the manufacturer of the goods itself. However, it is possible for a vendor to operate as both a supplier (or seller) of goods and a manufacturer. A vendor, also known as a supplier, is a person or a business entity that sells something. Large retail store chains such as Shoprite, for example, generally have a list of vendors from which they purchase goods at wholesale prices, that they then sell at retail prices to their customers.

Having said this, our country Nigeria prides itself with a lot of vibrant vendors(e.g. we have a lot of shoe vendors, that we carry out supplies for), and one key aspect of a vendor’s operations, is Logistics. Logistics is to a vendor; what legs are to a human body. Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers, or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items. Logistics management is the part of supply chain management; which is our core modus operandi at www.swifno.com and supply chain engineering that plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and point of consumption, to meet customer's requirements.

Nigeria has so many vendors and equally a large amount of Logistics firms or supply chain consultancy outfits like Swifno(www.swifno.com). But a few times, vendors have been confused for logistics firms and vice versa. Perhaps it’s because their activities more often than not, intersects which each other. Well I’m sure the preceding paragraphs of this post have helped clarified that notion. Until next time, keep staying safe.

Swifno:
Hi there, Winston here. How has the second month of the first year of a new decade been so far? Hope it’s going as planned. We’ll be delving into the world of Vendors and Logistics in our post today, and therein, clear a certain notion. Firstly, in a supply chain(which is the core of what we do at www.swifno.com), a vendor, or a seller, is an enterprise that contributes goods or services. Generally, a supply chain vendor manufactures inventory/stock items and sells them to the next link in the chain. Today, these terms refer to a supplier of any goods or service.

A vendor, or a supplier, is a supply chain management term that means anyone who provides goods or services of experience, to another entity. Vendors may sell B2B (business-to-business; i.e., to other companies), B2C (business to consumers), or B2G (business to government). Some vendors manufacture inventoriable items, and then sell those items to customers, while other vendors offer services or experiences. Vendors are often managed with a vendor compliance checklist or vendor quality audits, and these activities can be effectively managed by software tools. Purchase orders are usually used, as a contractual agreement with vendors, to buy goods or services. Vendors may or may not function as distributors or manufacturers of goods. If vendors are also manufacturers, they may either build to stock or build to order. This is according to Wikipedia.

"Vendor" is often a generic term, used for suppliers of industries from retail sales to manufacturers, to city organizations. The term generally applies only to the immediate seller, or the organization that is paid for the goods, rather than to the original manufacturer or the organization performing the service, if it is different from the immediate supplier.
According to Investopedia, a vendor is a party in the supply chain that makes goods and services available to companies or consumers. The term "vendor" is typically used to describe the entity that is paid for goods that are provided, rather than the manufacturer of the goods itself. However, it is possible for a vendor to operate as both a supplier (or seller) of goods and a manufacturer. A vendor, also known as a supplier, is a person or a business entity that sells something. Large retail store chains such as Shoprite, for example, generally have a list of vendors from which they purchase goods at wholesale prices, that they then sell at retail prices to their customers.

Having said this, our country Nigeria prides itself with a lot of vibrant vendors(e.g. we have a lot of shoe vendors, that we carry out supplies for), and one key aspect of a vendor’s operations, is Logistics. Logistics is to a vendor; what legs are to a human body. Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption to meet the requirements of customers, or corporations. The resources managed in logistics may include tangible goods such as materials, equipment, and supplies, as well as food and other consumable items. Logistics management is the part of supply chain management; which is our core modus operandi at www.swifno.com and supply chain engineering that plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services, and related information between the point of origin and point of consumption, to meet customer's requirements.

Nigeria has so many vendors and equally a large amount of Logistics firms or supply chain consultancy outfits like Swifno(www.swifno.com). But a few times, vendors have been confused for logistics firms and vice versa. Perhaps it’s because their activities more often than not, intersects which each other. Well I’m sure the preceding paragraphs of this post have helped clarified that notion. Until next time, keep staying safe.

Good evening, I read your write-up. Are you a logistics and supply chain expert? If the answer is yes, I have a big opportunity for you. Let’s talk