What is indicated by the term "supplier" in stakeholder analysis?

The term "supplier" in stakeholder analysis typically refers to individuals or organizations that provide goods or services to the organization. This classification inherently places them outside the organization, as they are external entities that play a critical role in the supply chain and are integral to the organization's operations. Understanding this relationship is essential in stakeholder analysis, as suppliers can influence project outcomes through their performance, reliability, and the quality of their contributions.

In stakeholder analysis, differentiating between internal and external stakeholders is crucial. While internal team members and stakeholders within the organization contribute to the project from within, suppliers, by definition, operate from a outside perspective, supplying resources that the organization needs to achieve its objectives. Recognizing suppliers as external stakeholders allows for better management and communication with these entities, ultimately leading to more successful project completion.