Here is a guide on the various Vendor types found in DigitBridge: what they mean and how to use and assign them.
Vendor Types
Here are the Vendor Types that exit in DigitBridge:
- Direct Supplier: This type represents a regular vendor that supplies goods or materials directly to the DigitBridge user. Direct suppliers are typically manufacturers or wholesalers who provide products in bulk. They are crucial for maintaining inventory levels and ensuring a steady supply of goods for business operations. These vendors often have long-term contracts and are integral to the supply chain.
- Dropship Supplier: Dropship suppliers are vendors that handle orders by shipping products directly to the end consumer on behalf of the DigitBridge user. This model eliminates the need for the user to maintain a physical inventory of the products sold. Dropship suppliers are responsible for the storage, packaging, and shipping of products, making them key partners in e-commerce operations.
- Service Supplier: Service suppliers are entities or individuals that provide various services to the company, such as consulting, maintenance, or professional services. They bill the company for the services rendered. This type of vendor is essential for businesses that rely on external expertise or services that are not core to their business operations.
- Agent / Broker: Agents or Brokers act as intermediaries in business transactions. They may represent the company in sourcing products or services, negotiating deals, or facilitating business operations. Their role is often pivotal in expanding the business network and securing favorable terms in contracts and agreements.
- Salesperson: If you have sales reps, you can track and manage their commission inside of DigitBridge. When a commission report is posted, an Accounts Payable Bill will auto-generate for each rep earning a commission during that period. Completing that transaction in DigitBridge is similar to paying a bill to a vendor, so we have made that one of our vendor types for ease of use. See: How do I add a sales rep? How do I use the commission report?
- Other: This category is for vendors that do not fit into the aforementioned types. It serves as a flexible option to accommodate a variety of vendors such as ad hoc suppliers, one-time service providers, or any other unique vendor types that the business might engage with. This ensures that the ERP system can adapt to a wide range of business relationships and transaction types.
How to assign a Vendor Type to a Vendor
First, you need to create a new vendor. While in Add mode, select the desired type from the Type dropdown.
