For example, if Contoso buys supplies from Fabrikam, Contoso is a customer of Fabrikam. Customer – A person or company that buys things from a company.For example, if Contoso buys supplies from Fabrikam, employees at Contoso will reach out to the contact at Fabrikam.
For example, if Fabrikam sells supplies to Contoso, Fabrikam is a vendor of Contoso. Here are some examples of roles from two fictitious companies, Contoso and Fabrikam: The role is based on the context and purpose. When the party concept is used, a person or an organization can play more than one role in a business (for example, worker, customer, vendor, or contact). PartyĪ party is a person or an organization that is involved in a business. Then, when a property value is changed in one place, the change is reflected in all places where the party is involved. It's convenient to globally store and manage properties of a party, such as the name, language, contacts, and addresses. A party can be an organization or a person.
Party and Global address book are concepts in finance and operations applications.
