Market Dojo

Market Dojo
IndustryInternet Software & Services
Founded2010
FoundersNick Drewe, Alun Rafique, Nic Martin
Headquarters
Stonehouse
,
U.K.
Area served
World Wide
ProductseSourcing Software [1]
Websitewww.marketdojo.com

Market Dojo is an e-Procurement software company based in Stonehouse, England. The company was established in 2010 by Nick Drewe, Alun Rafique, and Nic Martin.[2] Alun previously worked at Rolls-Royce before meeting Nick Drewe at Vendigital, whilst Nic Martin came from Attensity. All three co-founders studied at Bristol University.[3] The company's competitors include Ariba, Curtis Fitch, and Scan market amongst others.

Technology

Market Dojo's software is based on the Ruby on Rails (RoR) platform, the same used by other e-Procurement solutions such as Coupa. Having previously being hosted with Liberata,[4] the software now operates out of the leading provider of cloud services, Google Cloud Platform (GCP). Market Dojo offerings range from: e-Sourcing, Opportunity Analysis, Project Management, Supplier Onboarding, SPM & SRM, Contracts Management and Savings Tracking.

Funding

In 2011, Market Dojo was awarded its first grant by the Technology Strategy Board to the amount of £25,036 towards an overall project cost of £55,635. The deliverable from the project was to evolve the functionality of the Market Dojo software in order to broaden its appeal beyond the Private Sector and provide a low-cost, EU-compliant and fully auditable tool that could assist Public Sector organizations across all member states of the European Union.[5]

In 2012, Market Dojo was awarded a second grant from the Technology Strategy Board, this time to the tune of £24,949 towards an overall project cost of £55,443. This project was to develop an innovative procurement web application that will provide spend category insight, strategy and opportunity assessment for public and private sector procurement teams.[6]

In 2013, Market Dojo was awarded its third grant by the West of England Local Enterprise Partnership to the amount of £25,000 towards their research and development.[7][8]

In 2018, Market Dojo received significant investment from a large Sovereign Wealth Fund.[9] The investment has enabled the companies continued growth in staff, as well as the implementation of major new releases and software improvements.

Products

Market Dojo have released seven individually branded products:

  • Market Dojo: their flagship e-Sourcing tool to enable organizations to negotiate with suppliers online.[10]
  • Innovation Dojo: released on the back of their 2011 Technology Strategy Board grant, it was designed to help buyers and suppliers collaborate on ideas for improving the supply chain.[11]
  • Category Dojo: the result of the 2012 Technology Strategy Board, it helps organizations better understand and prioritize their negotiation opportunities.[12]
  • SIM Dojo: the supplier On-boarding tool, helping organizations to centrally manage supplier information and reduce administration costs while enabling accountability and auditability.[13]
  • Quick Quotes: a simpler version of the sourcing tool for smaller procurement needs [14]
  • Contract Dojo: a contract repository for maintaining documents from suppliers and ensuring that KPIs are being met [15]
  • SRM Dojo: a Supplier Relationship Management tool generating a database of suppliers, with a holistic view of all their data, and allowing for task management [16]

Academia and Professional Relationships

Market Dojo actively collaborate with academia, forging strong ties with the University of Greenwich and the University of the West of England where they annually give lectures on e-Auctions to their MBA and Business School students.[17]

Market Dojo have also given talks at events for the professional industry body CIPS on numerous occasions.[18][19]

Lastly Market Dojo is an approved supplier on the UK Government Crown Commercial Service G-Cloud framework for providing e-Sourcing software as a service.[20][21]

References

  1. ^ "Market Dojo New Wave Company". Jon Hansen, Procurement Insights. Archived from the original on 4 January 2015. Retrieved 7 January 2015.
  2. ^ "About Market Dojo". Market Dojo.
  3. ^ "Bristol University entrepreneurs". Bristol University.
  4. ^ "Liberata IT Solutions agrees data centre cloud contract with Market Dojo" (PDF). Liberata. Archived from the original (PDF) on 3 March 2016. Retrieved 7 January 2015.
  5. ^ "Creating value for money in Public Procurement Framework Agreements (#720058)". Technology Strategy Board (project number 720058).
  6. ^ "A unique tool to provide spend category insight, strategy and opportunity assessment (#720189)". Technology Strategy Board (project number 720189).
  7. ^ "Market Dojo wins R&D funding". West of England LEP.
  8. ^ "Reverse auction entrepreneurs to bid for expansion with award". Bristol Post. Archived from the original on 11 January 2015.
  9. ^ "Over £10bn in goods and services sourced via leading procurement software". 26 March 2019.
  10. ^ "marketdojo – A Dojo Where You Can Walk Your Own Way". Michael Lamoureux, Sourcing Innovation. 10 September 2014.
  11. ^ "Innovation Dojo - another new product from Market Dojo". Peter Smith, Spend Matters UK. 16 January 2014.
  12. ^ "Category Dojo - a new product from Market Dojo". Peter Smith, Spend Matters UK. 13 January 2014.
  13. ^ "SIM dojo – Supplier on-boarding and information management". UK Government Digital Marketplace.
  14. ^ "Quick Quotes". Market Dojo.
  15. ^ "Contract Dojo". Market Dojo.
  16. ^ "Supplier Relationship Management". Market Dojo.
  17. ^ "MBA entrepreneurship course success". University of the West of England.
  18. ^ "eProcurement made easy". Chartered Institute of Procurement and Supply.
  19. ^ "Using e-Auctions to reduce the procurement cycle and save money". Chartered Institute of Procurement and Supply.
  20. ^ "Market Dojo G-Cloud IV profile". Crown Commercial Service.
  21. ^ "GOV.UK eSourcing Software". GOV.UK. Archived from the original on 2 June 2015. Retrieved 7 January 2015.

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