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American English. Ratona's explanation is excellent: Ratona said: A supplier of goods/merchandise. A provider of care/service. Click to expand... The words are synonyms, but their use is different. A supplier gives material, products, merchandise, while a provider gives service.
Part of the Business terms glossary: A vendor, also known as a supplier, is an individual or company that sells goods or services to someone else in the economic production chain.n information technology as well as in other industries, the term is commonly applied to suppliers of goods and services to other companies. A tier 1 vendor is a large and well-known vendor, often enjoying national or international recognition and acceptance.