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Vendor Vs Supplier: What's the Difference?

Vendor Vs Supplier: What's the Difference?

Are you confused by the terms “supplier” and “vendor”? Do they have the same meaning or is there a difference between them? It is important to learn these concepts as they are important in the field of procurement and supply chain management and often used interchangeably. In this blog post,

Rebate vs Discount: What's the Difference?

Rebate vs Discount: What's the Difference?

Two terms that are highly used in today's markets, mainly in the e-commerce world, are discount and rebate. Rebates and discounts are two different forms of price cuts that directly or indirectly boost the overall sales of a business. Though the terms may sound similar, there is still

What is a Rebate?

What is a Rebate?

A rebate is a financial incentive provided by businesses to encourage purchases and foster long-term partnerships with customers, suppliers, or distributors. Unlike discounts, which reduce the price at the point of sale, rebates are offered after the transaction is complete and are typically tied to specific purchasing behavior or contract

Understanding Rebate Management: A Key to Strategic Business Growth

Understanding Rebate Management: A Key to Strategic Business Growth

Rebates play an increasingly vital role in today's B2B landscape, serving as incentives that drive loyalty, encourage higher purchase volumes, and align business goals between suppliers and buyers. In industries such as automotive, building materials, and wholesale distribution, rebates are essential for fostering long-term partnerships and ensuring profitability.