For a startup — or any technology company, for that matter — to build out a full-featured procure-to-pay (P2P) capability is something that takes more than funding and scale alone. Yet e-sourcing (and upstream suites) present a different case, and when enough ingenuity, passion and capability come together, success has a much higher probability of happening, at least when it comes to developing standard capabilities. Such is the case of Market Dojo, which has not only developed an e-sourcing suite but also done so in a bootstrapped manner. Market Dojo has grown from a provider of “pay-per-drink” auction events to a full sourcing suite with RFX, document and template management, supplier information management, innovation management and category (analysis and strategy) management. Founded in 2010, Market Dojo is now a viable shortlist candidate in the e-sourcing market and one of the leading vendors centered on capability and delivery/cost models aimed at middle-market procurement organizations. This Spend Matters PRO vendor snapshot explores Market Dojo’s strengths and weaknesses, providing facts and expert analysis to help procurement organizations decide if they should shortlist the vendor as a potential provider. Part 1 of our analysis provided a company and detailed solution overview and a SWOT analysis, as well as a summary recommended fit suggestion for what types of organizations should consider Market Dojo. The remaining parts of this multipart series will offer a user selection guide, user interface (UI/UX) analysis, competitive alternatives and evaluation and selection considerations.
Market Dojo: Vendor Snapshot (Part 2) — Product Strengths & Weaknesses [PRO]
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