Market Dojo: Vendor Snapshot (Part 1) — Background and Solution Overview [PRO]

Market Dojo jedi-master/Adobe Stock

E-sourcing is becoming more democratic. What used to comprise a sector featuring expensive tools, complicated tools aimed at Global 2000 companies has morphed into a core enabler of strategic sourcing for companies of arguably any size with sufficient spend concentration to warrant a standardized or competitive process. U.K.-based Market Dojo, one of the handful of standalone sourcing platforms targeted at the middle market, has quietly played an important part in this transformation, especially considering its boot-strapped roots. Not without limitations, Spend Matters’ analysis of the Market Dojo platform positions it as a shortlist candidate to fill the sourcing needs of middle market procurement organizations that require a simple, but solid, platform to transform their sourcing efforts and bring it into modern times.

In addition to providing RFX, Auction, and supplier information management capability, Market Dojo also offers an innovative category management application that can help an organization analyze its categories, prioritize opportunities and identify the sourcing strategy that is most likely to be the most effective. This is a unique application that is not even present in the suites of many larger providers, at least not as preconfigured as in Market Dojo’s case. This Spend Matters PRO vendor snapshot provides a company and detailed solution overview and SWOT analysis of Market Dojo, as well as a summary recommended fit suggestion for what types of organizations should consider the provider. The series also provides insight into detailed product strengths and weaknesses, offers a user selection guide and user interface (UI/UX) analysis, suggests competitive alternatives and offers summary evaluation and selection considerations.

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