2TRANSPORTATION ECONOMICSDifferent types of relationships in supplier relationship managementDiverse types of supplier relationship management include the following:Arms Length supplier: It is a simple and commonly discovered purchaser/seller transactional scheme forvarious named products or else services (Teller et al., 2016). Benefits:This helps in contractual realization that includes little or else no interaction beyondprocess of communicating the necessity and realization.Sub contractor:A specific supplier normally of services appointed for accomplishing tasks or elsesupplying a specific package of task, possibly as part of a greater project or to present theentire project (Teller et al., 2016). Instances might include construction trades on a particularbuilding site or else software outworker. Benefits: This involves communicating requirements as well as interaction as regards technicalelse wise specification matters. Preferred suppliers: This refers to supplier who essentially has a officially or else informally detectedstatus as a one who is authorized or selected in preference of other contractors (Teller et al.,2016).
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