Monday, 21 July 2014

Introducing the Lot Matrix: Simple Lots

At Market Dojo, we spend a lot of time thinking about how to make e-Sourcing simple for our customers.  We believe that software must be easy to use, and give access to the right information at the right time. So we made some changes which we think will help us do those two things even better.

Market Dojo is a Software As A Service product. This means that all our customers will see the benefit of these changes the next time they use the software.

Connecting suppliers and opportunities

Many of our customers have a large supplier base, and don’t always know every supplier who is right for a particular event. To find the widest range of suppliers, customers can make their events visible on their own Market Dojo Portal.

To make events visible, there is a new option on the Display Settings Administration area. First, ensure that you have created a custom portal URL, and then tick ‘Make events publicly visible’.

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Now, when people visit https://myportal.marketdojo.com , they will see a list of events, underneath the login box.

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Hosts - creating lots

One of the first things that Hosts have to do is create the Lots for their event.  We have made the initial view more welcoming, with easier access to the two main options.  We are soon adding a new option to create ‘Advanced Lots’.  We now show the new option here, but it disabled for the time being.

Before
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After


The changes continue here, as you now don't need to leave the main Lots screen to add or edit.  This makes it easier to refer to the Lots you have already added,  making the process quicker and easier.

Hosts can now also choose to add quantities which are not whole numbers.  In the examples below we have specified a quantity of 15.25 metres of table cloth.

Before
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After


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Hosts - running an event

When an event  is in progress, the host will want to track the bids as they get placed, and analyse what is happening. To make this easier, we now provide more information on the main screen. This includes details of each participants’ latest bid.  Having this information makes it easier to identify the differences and take appropriate action.  In other words you can now see the Lots by participant and the participants by Lots.

Before


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After

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After - with participants visible


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Participants - placing bids during an auction


Participants now place their bids on the main screen, rather than in a popup. This makes placing bids simpler, especially when the event contains a large number of lots. If the Participant is permitted to see their rank, we have made that information more prominent.

Before
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After
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Conclusion

We have improved the user interface for both host and participant users. We ensure the right data is available when needed. These changes will make running or participating in an e-Sourcing activity even simpler.

These changes are the first results of our ‘Lot Matrix’ project.  The next stage will give users the ability to provide several data points for each Lot. This data will more accurately express the requirements and offers under negotiation.  We look forward to sharing more of these changes soon.

About: Market Dojo provides accessible eSourcing software. Find out more at www.marketdojo.com

Monday, 14 July 2014

Appearance in 'Going for Growth' newsletter

We had a great write up in the West of England Growth Fund newsletter after receiving a grant to help develop our e-marketplace concept.

Bristol based Market Dojo is poised to launch an enhancement to their e-sourcing and reverse auction platform that is set to revolutionise procurement through dedicated e-marketplaces, thanks to £24,950 of funding from the West of England Growth fund. 



The team, led by Alun Rafique, Nick Drewe and Nicholas Martin, have used the cash injection to fund the initial development of an energy e-marketplace that enables businesses to source information and prices from energy suppliers. The platform then facilitates a reverse e-auction which means that suppliers bid online against each other to supply a company’s energy needs.

Alun Rafique, founder and director said: “Our aim has always been to offer simple to use, cost effective e-auction software that was accessible to any business looking to negotiate a more competitive price from suppliers. Rising energy prices are a key issue for businesses so this was an area we were keen to explore further.

“Existing software didn’t provide the level of flexibility needed to take into account varying unit prices or currencies so we needed to start from scratch to develop a platform that would simplify the whole process. As a relatively young business we didn’t have the capital available to invest in that level of development and that’s where the funding from the West of England Growth fund came in.”

The new software is currently being tested with the aim of launching the product to market later this year. The development of the new platform has also opened up a number of new opportunities for the company who plan to market the software to other sectors.

Alun continued: “Although the platform has been developed for use within the energy market it has been created in such a way that it is easily adaptable for use in any industry, for any product or service, offering us huge scope for expansion into new sectors.

“The funding from the West of England Growth fund gave us the freedom to develop our idea into a workable product which, once launched, has the potential to provide a real boost to our business.”

About: Market Dojo provides accessible eSourcing software. Find out more at www.marketdojo.com