disintermediation

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disintermediation

The elimination of the distributor and/or retailer (the middleman) when making a purchase. The term is used to refer to purchasing directly from a manufacturer's Web site, the benefits of which are convenience, fast turnaround time and sometimes lower prices. Obviously, retail stores are very much against disintermediation. See re-intermediation.
References in periodicals archive ?
Against this backdrop, advances in computing and communications technology may disintermediate middlemen who relied on their own knowledge to match buyers and sellers.
In the following interview at Reuters' Fleet Street headquarters, Job dismisses any intent to disintermediate its customers.
Maveron's investment focus for San Francisco is predicated on identifying sectors where web-enabled services can disrupt and disintermediate the existing marketplace," said Errett.
Retail payment disruptors threaten to disintermediate the current convoluted payments networks if financial institutions do not upgrade their payments systems to speed settlement and lower transaction costs," he added.
Similarly, Google's significant brand strength and carrier independent location positioning database threatens to disintermediate the operator from the location services value chain.
The sessions promise to provide a look at how plastic electronics technology is perfectly placed to disintermediate new media and other technologies.
What is undisputed," comments Adam Sussman, director of research at TABB Group, "is the threat to the exchanges as new venues target their market share and newcomers look to disintermediate the exchanges by offering matching services upstream in the execution process.
In addition to state actions, our tribally-owned online lending enterprises, along with the payment processors and banks who support them, are being aggressively and unfairly targeted by the FDIC and DOJ in their unwarranted attempts to disintermediate these legal tribal businesses from access to the US payment system.
Financial institutions continue to be challenged by new competitors, technologies and processes that threaten to disintermediate them," Provo will tell attendees.
With the advent of ObamaCare and government driven healthcare reform threatening to disintermediate middlemen like him out of the business, he shifted gears and decided to diversify sources of revenue.
RockBlocks' Web-based, collaborative platform enables retailers to disintermediate, accelerate, automate, and optimize their supply chain, from product design to delivery, resulting in higher overall profitability and top line growth.