Market Dojo
 | This article contains text that is written in a promotional tone. (May 2021) |
| Industry | Internet Software & Services |
|---|---|
| Founded | 2010 |
| Founders | Nick Drewe, Alun Rafique, Nic Martin |
| Headquarters | , |
Area served | World Wide |
| Products | eSourcing Software [1] |
| Website | www.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[edit]
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[edit]
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[edit]
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[edit]
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[edit]
- ^ "Market Dojo New Wave Company". Jon Hansen, Procurement Insights. Archived from the original on 4 January 2015. Retrieved 7 January 2015.
- ^ "About Market Dojo". Market Dojo.
- ^ "Bristol University entrepreneurs". Bristol University.
- ^ "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.
- ^ "Creating value for money in Public Procurement Framework Agreements (#720058)". Technology Strategy Board (project number 720058).
- ^ "A unique tool to provide spend category insight, strategy and opportunity assessment (#720189)". Technology Strategy Board (project number 720189).
- ^ "Market Dojo wins R&D funding". West of England LEP.
- ^ "Reverse auction entrepreneurs to bid for expansion with award". Bristol Post. Archived from the original on 11 January 2015.
- ^ "Over £10bn in goods and services sourced via leading procurement software". 26 March 2019.
- ^ "marketdojo – A Dojo Where You Can Walk Your Own Way". Michael Lamoureux, Sourcing Innovation. 10 September 2014.
- ^ "Innovation Dojo - another new product from Market Dojo". Peter Smith, Spend Matters UK. 16 January 2014.
- ^ "Category Dojo - a new product from Market Dojo". Peter Smith, Spend Matters UK. 13 January 2014.
- ^ "SIM dojo – Supplier on-boarding and information management". UK Government Digital Marketplace.
- ^ "Quick Quotes". Market Dojo.
- ^ "Contract Dojo". Market Dojo.
- ^ "Supplier Relationship Management". Market Dojo.
- ^ "MBA entrepreneurship course success". University of the West of England.
- ^ "eProcurement made easy". Chartered Institute of Procurement and Supply.
- ^ "Using e-Auctions to reduce the procurement cycle and save money". Chartered Institute of Procurement and Supply.
- ^ "Market Dojo G-Cloud IV profile". Crown Commercial Service.
- ^ "GOV.UK eSourcing Software". GOV.UK. Archived from the original on 2 June 2015. Retrieved 7 January 2015.