Is a Transaction-Based Economic Model. A key difference between a Preferred Provider and the other Transaction-Based models is that the buyer has made the strategic choice to move to a more strategic relational model. As such, contracts with specifically chosen supplier(s) assume a more collaborative relationship. Repeat business and longer term and/or renewable contracts are the norm.
Is a Transaction-Based Economic Model. A key difference between a Preferred Provider and the other Transaction-Based models is that the buyer has made the strategic choice to move to a more strategic relational model. As such, contracts with specifically chosen supplier(s) assume a more collaborative relationship. Repeat business and longer term and/or renewable contracts are the norm.