Define what a transactional relationship is, and discuss how this ...

[nautica902]

Define what a transactional relationship is, and discuss how this occurs in logistics.

Question 2

KPIs are easy to measure because they either happen or they don't.
 a. True
  b. False
 Indicate whether the statement is true or false

[micaelaswann]

Answer to Question 1

The range of relationship types extends from that of a vendor to that of a strategic alliance. In the context of the more traditional vertical context, a vendor is represented simply by a seller or provider of a product or service, such that there is little or no integration or collaboration with the buyer or purchaser. In essence, the relationship with a vendor is transactional, and parties to a vendor relationship are said to be at arm's length (i.e., at a significant distance).

While this form of relationship suggests a relatively low or nonexistent level of involvement between the parties, there are certain types of transactions for which this option is desirable. One-time or even multiple purchases of standard products and/or services, for example, may suggest that an arm's length relationship would be appropriate.

Answer to Question 2

True