What is Sourcing Dojo and what is it for?

What is Sourcing Dojo and what is it for?

In Market Dojo, Sourcing Dojo is the core eSourcing application used by procurement teams to run competitive sourcing events and manage supplier bids online. Its purpose is to make buying goods and services more efficient, transparent, and compliant while helping buyers achieve better commercial outcomes.

What Sourcing Dojo is used for

Sourcing Dojo supports the entire sourcing process, including:

Creating sourcing events such as:
  1. Request for Quotation (RFQ)
  2. Request for Proposal (RFP)
  3. Request for Information (RFI)
  4. Online forward and reverse auctions
  5. Inviting suppliers to participate in sourcing events.
  6. Collecting supplier responses through a secure online portal.
  7. Comparing bids side by side using price and non-price evaluation criteria.
  8. Negotiating with suppliers through multiple bidding rounds or live auctions.
  9. Selecting the best supplier based on cost, quality, service, risk, and other weighted factors.
  10. Maintaining an audit trail of all communications and submissions for governance and compliance.


Typical procurement workflow

A buyer using Sourcing Dojo would generally:
  1. Create a sourcing project.
  2. Define requirements and evaluation criteria.
  3. Upload specifications and supporting documents.
  4. Invite qualified suppliers.
  5. Receive supplier bids or proposals.
  6. Evaluate responses.
  7. Conduct negotiations or an eAuction if required.
  8. Award the business to the preferred supplier.
  9. Export reports and maintain records for audit purposes.


Benefits

Organizations use Sourcing Dojo to:

  • Reduce procurement cycle times.
  • Increase competition between suppliers.
  • Achieve cost savings.
  • Improve transparency and fairness.
  • Standardize sourcing processes.
  • Ensure compliance with procurement policies.
  • Keep all sourcing documents and communications in one place.

In short, Sourcing Dojo is Market Dojo's platform for running and managing competitive sourcing events, enabling procurement professionals to find, evaluate, negotiate with, and award contracts to suppliers efficiently.

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