An application service provider (ASP) is a business that provides computer-based services to customers over a network. Software offered using an ASP model is also sometimes called on-demand...
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A model in which goods and services are purchased from pre-qualified suppliers that meet certain performance or other selection criteria. Frequently an organization has a limited number of pre-...
A list of the suppliers approved for doing business. The AVL is usually created by procurement or sourcing and engineering personnel using a variety of criteria such as technology, functional fit...
see Approved Supplier List
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A transaction in which the buyers and sellers of a product act independently and have no relationship to each other. The concept of an arm's length transaction is to ensure that both parties in...
After receipt of order. Used in transactional relationships.
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In the Business Model Mapping template an attribute is defined as a characteristic that is inherent to an organization's business environment. For example, switching cost range from low to high....
The process of buying and selling through the use of competitive bidding.
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The inspection and examination of something. Can be a process, product, financial result, etc. The purpose of an audit is to ensure compliance to requirements. An audit can apply to an entire...
A component or clause of a contract allows an agreement to continue for a defined period if the existing agreement isn't renegotiated within a specified time measured from the expiration of the...