Get Schlumberger Vendor Registration

Description. Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

But while vendor management traditionally focuses on price and contract negotiation, supplier relationship management takes a more holistic view, with the practice driven by the need to build partnerships that can make a difference in both the short and long-term to the way the business operates.

A vendor refers to an individual or entity purchasing products from manufacturers and then selling them directly to customers. By contrast, a supplier is a person or business that provides raw materials, parts, and machines to manufacturing units. Both of them play a significant role in supply chain management (SCM).

Suppliers are often referred to as the first link in a supply chain, existing strictly in a B2B relationship. By contrast, a vendor is a business or person who purchases products from a company, then sells them to someone else.

Vendor is an individual or entity, who sells goods and services for a price to the customers. Supplier is the one whose work is to provide the good or service required by the business.

Suppliers are often referred to as the first link in a supply chain, existing strictly in a B2B relationship. By contrast, a vendor is a business or person who purchases products from a company, then sells them to someone else.

In business, a supplier is a person or an entity who delivers top-notch services and goods from manufacturers at reasonable costs to retailers or distributors for sale. They provide deliverables in the form of raw materials, which the manufacturers later process into market-ready end products.