What are the differences between public exchanges and JDAMarketplace.com?
JDAMarketplace.com is a network of private exchanges. It is worthwhile to define the differences between the private and public exchange to understand the unique value proposition delivered by JDAMarketplace.com. A public marketplace is an exchange that is formed by multiple companies within the same industry to build efficiencies within the supply chain so that unnecessary costs can be eliminated. The public exchange is built on a many to many model where many buyers can interact and conduct business with many suppliers. Often, these exchanges are called consortia exchanges because the ownership structure is often made up of competitors within the same industry. It is common for these founding competitors to have the same base of suppliers.
