IT310 MC Traps
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30 Terms
Exchange
Public stock market
Consortia
Industry-owned private marketplace
E-distributor
Corporate Amazon
E-procurement
Long-term sourcing
PINs
Invite-only hub-and-spoke
VMI / Retail Link
Supplier takes inventory risk
Traditional EDI
Computer-to-computer only
Web-based EDI
Low-cost / internet-accessible EDI
JIT
Lean efficiency / low inventory
JIC
Resilience / safety stock
GDPR / Opt-in
Permission required first
Opt-out
Default collection unless stopped
Copyright
Expression / art / code
Patent
Invention / mechanism
Trademark
Brand / logo / identity
Accountability
Identify the actor
Liability
Legal responsibility for damages
Wholesale model
Retailer sets price
Agency model
Publisher sets price
OTT
Bypassing cable
DRM / Walled Garden
Rent access, not ownership
BOPIS / Omnichannel
Inventory guarantee
FinTech barrier
Trust hard to build
SoMoLo
Ready to buy (social + mobile + local)
Dark Social
Marketers cannot track via IM/email/SMS
Shill bidding
Seller artificially raises price
Bid rigging
Buyers collude to keep prices low
Vortal
Specialized niche portal
Metcalfe’s Law
Value grows as users join
GaaS
Game free, money from skins