The value obtained when trading
one piece of equipment for another.
An evaluation technique used
to score proposals. This approach requires
the evaluation team to evaluate the technical
differences between proposals to determine if
these differences justify paying the cost or
Words, names, symbols, sounds, or
colors that distinguish goods and services
from those manufactured or sold by others
and indicate the source of the goods.
An intermediary that sells
goods or services manufactured or provided
In computer science, a group of
logical operations that must all succeed or fail
as a group. Systems dedicated to supporting
such operations are known as transaction
processing systems. Examples include bill
payment and credit card processing.
Transaction Cost Reduction
Activities or process
changes that decrease the cost to process a
purchase order or a payment transaction.
Procurement credit cards are an example of a
transaction cost reduction.
prospective based on give and take. A
transactional leader provides efficiency by securing resources to get the objective
completed. A transactional leader links
performance to reward. Transactional leaders
accept the goals, structure, and culture of the
Relationship: An economic,
functional, reciprocal relationship based on
the exchange of goods, services, or money
with no concern for the success or welfare of
the other party.
A leadership theory
that involves leaders who are charismatic and
visionary and can inspire followers to
transcend their own self-interest for the good
of the organization. These leaders appeal to
the follower’s ideals and moral values and
inspire them to think about problems in new
or different ways. This leader exhibits vision,
that is, the ability to bind people together with
an idea. Transformational leadership can
result in lower turnover rates, higher
productivity rates, higher employee
Charge made for services
rendered while a shipment is in transit.