Vendor

n.

Pronunciation

/ˈvɛndər/

Definition

Businesses that sell data management services to other businesses.

Data management vendors offer tools and services to help businesses manage their data. Vendors assist in the data governance, modeling, cleansing, as well as other services to achieve consistent data quality for its customers. These services are valuable to businesses that leverage data for reporting and forecasting. Unlike suppliers, vendors sell products on an eCommerce platform, whereas suppliers provide products to vendors.

Category

Business

Related Terms

Product Information Encyclopedia

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