Suppliers are individuals or companies that provide goods or services to other businesses. They play a crucial role in the supply chain by ensuring that products are available for manufacturers, retailers, and consumers. Suppliers can offer raw materials, components, or finished products, depending on the needs of their clients.
Effective supplier relationships are essential for businesses to maintain quality and efficiency. Companies often evaluate suppliers based on factors like price, reliability, and delivery times. A strong partnership with suppliers can lead to better pricing, improved product quality, and enhanced customer satisfaction, benefiting both parties in the long run.