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 website, 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 ?
Another $1.4 billion lost to disintermediation, and probably a nice cushion added to the bottom line.
In 1987, Malone, Yates, and Benjamin referred to disintermediation as the "electronic brokerage effect." [26] To date, evidence of disintermediation is not convincing, although the theoretical contribution of the concept is recognized.
Traditionally, disintermediation has been defined as a development that enables households to bypass banks and place their savings directly with other types of financial institutions.
A co-founder and chief marketing officer at Saligent Software, Ryan does his best to quell fears about disintermediation. He talks about the changing roles of marketer and salesperson alike.
Disintermediation resulting from manufacturers selling directly to the ultimate consumer has occurred with increased frequency and intensity as a result of the Internet.
The point of departure for this book is what the authors call "6-D Vision" which stands for demassification, decentralization, denationalization, despacialization, disintermediation, and disaggregation.
But to remain that vital link, health systems need to be aware of and understand the implications of disintermediation.
Certainly in the cultural realm, it appears as though the Internet is finally delivering on what cyberspace pundits once touted as "disintermediation." That's a clunky way of saying that the Internet makes it easier for producers and consumers, sellers and buyers, and artists and audiences to find one another without having to go through--or pay off--a middleman.
As valuable members of a builder's team, a dealer and its sales force also avoid the threat of disintermediation -- the elimination of people and jobs along the supply line -- that some e-commerce options purport to reduce costs.
Once a reserved word within the banking community, the term "disintermediation" has now spread well beyond even the broader financial industry.
Take the phenomenon you call disintermediation, or maybe we should call it unbrokering, or simply eliminating the middlemen.