What is a Buyer?
A buyer is any person who
contracts to acquire an asset in return for some form of consideration. When
someone gets characterized by their role as buyer of certain assets, the term
"buyer" gets new meaning:
A "merchandiser" or buyer is a
person who purchases finished goods, typically for resale, for a firm,
government, or organization. (A person who purchases material used to make
goods is sometimes called a purchasing agent.)
In product management, buyer is
the entity that decides to obtain the product.
A buyer's primary responsibility is obtaining the highest quality goods at the
lowest cost. This usually requires research, writing requests for bids,
proposals or quotes, and evaluation information received.
What is a Seller?
A ＾seller￣
or ＾supplier￣ is an company which
focuses on moving products or goods through a supply chain network, domestic
trade, or international trade. Suppliers can be any of the segments below:
，
Manufacturer - uses tools and labor to make
things for sale
，
Processor (manufacturing) - converts a
product from one form to another Packager (manufacturing), encloses products
for distribution, storage, sale, and use
，
Distributor (business)
- the middleman between the manufacturer and retailer
，
Wholesaler - sells goods or merchandise to
retailers
，
Dealership - local franchised distribution
，
Merchant
- a professional dealing with trade