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Project Management vocabulary · Resources & Team

Vendor

Meaning in project management, with examples

/ˈvendər/nounCommon term

In project management, vendor means: An outside company that sells products or services to the project, such as software, equipment or specialist work.

In Turkish: tedarikçi, satıcı firma, hizmet sağlayıcı

How it is used

Very common in IT projects, often as a synonym for supplier. Projects select, manage, evaluate and pay vendors. Related phrases: vendor management, third-party vendor, vendor lock-in (depending too much on one vendor).

Example sentences

  1. The vendor has promised a fix for the reporting bug by next Thursday.

  2. We compared three vendors before choosing the new warehouse system.

Common collocations

  • select a vendor
  • vendor management
  • third-party vendor
  • preferred vendor
  • procurementThe process of buying the goods and services a project needs from outside suppliers, including choosing them, agreeing prices and managing contracts.
  • dependencyA link between two tasks or deliverables where one cannot start or finish until the other has started or finished.
  • escalateTo pass a problem, risk or decision to someone with more authority because it cannot be solved at the current level.
  • resourceAnything a project needs to do its work, especially people, but also equipment, materials, money and time.

More terms: Resources & Team

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