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R&D Outsourcing

Section: New Tools, Products and Technologies     View all sections


19 Marketplaces for the Life Sciences Industry

   by Andrii Buvailo    21911
19 Marketplaces for the Life Sciences Industry

(Last updated: 12.05.2020)

Online marketplaces are websites with a “many-to-many” business logic. They can host multiple suppliers trading with multiple buyers via different e-commerce tools available as a part of a website functionality.

Why are online marketplaces great?

Online marketplaces can provide a substantial added value to its users. For example, buyers can quickly compare and select better offerings without the need to research multiple websites and surf online for price comparisons or product specifications. Additionally, marketplaces bring more transparency, trust, and standardization to the whole process of sourcing.