Transforming sourcing on demand
Esker eSourcing solution by Market Dojo allows procurement teams to manage and procure goods and services from external suppliers in a cost-effective and efficient manner. By running tenders and negotiating via on-demand auctions, users can identify the most suitable suppliers in the market, saving both time and money. Easy integration and accessibility means businesses are up and running in no time and achieving a positive ROI within days.
Why automate sourcing?
Together, Esker and Market Dojo help procurement teams of all sizes accelerate value creation, access decision-ready data, mitigate risk and strengthen supplier relationships. Thanks to an on-demand, best-of-breed sourcing tool, procurement teams can easily evolve from reactive back office functions to proactive strategic resources.
Benefit from competitive pricing and reduce costs associated with traditional sourcing methods.
Save over 40% time gathering and formatting data and compliance.
Engage and collaborate effectively with key stakeholders and suppliers.
Access powerful data-driven insights to create simple or complex reports.
Evolve your procurement team from a reactive back office function to a proactive, strategic resource.
“From the time we bought our Sourcing Dojo licence, to the time we had the RFP up and running, it was 24 hours. I couldn’t imagine doing anything faster than that.”
“The success was apparent almost right away. Members of the group went from being able to run maybe 1 or 2 RFPs at once, to a handful of them simultaneously within weeks. It has really enabled the team to impact a lot more of the business.”
Sourcing management software features
Advanced sourcing functionality
Perform all your tender activities in a single dedicated platform. Run eAuctions, RFIs, RFPs and RFQs with scoring, event weighting and document uploads. Advanced lots allow you to capture everything you need.
Requesting supplier information has never been easier. Create weighted questionnaires with different question types, tables and document uploads. Automatic and manual scoring ensures consistently formatted answers and data centralisation.
Event cloning & templates
Allow users to replicate part, or the entirety of, a previous event. The easy-to-use template system avoids lengthy set-up times and allows consistent formats throughout all events.
Excel import & export
Enable participants to bid through spreadsheets thanks to Excel integration for event creation. Hosts are also able to export detailed summaries to produce post-event reports or import to other systems.
Capture all supplier information and tender activities within the solution. Data is fully auditable and can be easily exported as a spreadsheet for reporting and post-event reviews.
Give procurement users the ability to configure the bid deadline for each new round, whether participants should be able to view their rank as it was at the end of the previous round, and which participants are to be included.
Run comprehensive RFx events including RFIs, RFPs and RFQs. Enable users to run complex weighted events with multiscoring, and allow them or a group of users to score questionnaire answers.
Market Dojo recognised in Gartner's 2022 Market Guide for E-Sourcing Applications
Gartner, “Market Guide for E-Sourcing Applications”, Kaitlynn Sommers, Balaji Abbabatulla, May 25, 2022.
Disclaimer – GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Frequently Asked Questions About Sourcing Management Software
What is sourcing management software?
Sourcing management software is a powerful tool that automates and streamlines the procurement process. It centralises supplier data, expedites requests for quotes (RFQs), and enhances collaboration.
What are the 5 aspects of sourcing management?
The five essential aspects of sourcing management are supplier identification, supplier evaluation, negotiation and contracting, supplier relationship management, and performance analysis.
Why Invest in Sourcing Management Software?
Investing in cutting-edge sourcing management software empowers your business with increased efficiency, cost savings, data-driven decisions, and a competitive edge in the market. Elevate your sourcing game today!
- Coming Soon