An intermediary is a third party that acts as a ‘go-between’ between two or more trading parties and as a conduit for goods or services in the supply chain. As an example, travel agents are intermediaries in the travel industry, providing value for customers by consolidating demand and creating a ‘one-stop shop’ and also by providing an additional sales channel for travel providers. Many supply chains have been subject to ‘disintermediation’, or ‘cutting out the middleman’, as distributors, agents and importers have been reduced in number and buyers now deal with fewer intermediaries. See also Supply Chain.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.