Market Dojo – the e-route to cost-cutting

Nov. 7, 2012 - PRLog -- What we do
Market Dojo helps organisations to save money when negotiating with suppliers. We do this by providing software that enables employees to conduct an online auction. Our service is simple and secure, it’s quick and cheap, and as an example, in a recent auction, one of our clients saved £140,000 on a £500 investment. Purchases have ranged from new vans to powdered milk and brake pedals.

Already proven in the private sector, now Market Dojo is available to the public sector.

We have recently received a grant of £25,000 from the Technology Strategy Board, the government body that aims to help the public sector to cut costs without losing quality of service. The grant was awarded to enable Market Dojo to develop software that would make it possible for organisations within the public sector to tender, legally and with full compliance, throughout the EU.

Shropshire Council’s Integrated Passenger Transport Services team has used Market Dojo’s software to put bus and taxi operators services out to tender through e-auctions. To date the Market Dojo software has saved the council 8% from last year’s prices.

“In our first e-procurement using Market Dojo software we saved over 8% on our contract prices,” says James Willocks, Principal Transport Officer, Shropshire Council. “This was a great success, especially considering the current pressure affecting the transport industry. Market Dojo’s 12 month licence costs no more than running a single event with an e-Auction facilitator. We look forward to future developments with the company.”

Market Dojo was founded in 2010 by two young entrepreneurs from Bristol, Alun Rafique and Nick Drewe, and now they plan to roll out their service to government bodies throughout the UK.

“The public sector is facing major budget cuts and job losses, and if every council can make a significant saving, the taxpayer will save a massive amount of money,” says Nick Drewe of Market Dojo. “Our software is easy to use, affordable and environmentally friendly, and the return on an investment in our e-auction package is very quick.”

The cost of using Market Dojo?
From £500. An annual licence costs £5,000 and can be used every day.

Editors notes:
1.  Market Dojo offers easy to use, professional e-sourcing software to help businesses save time and money on their purchases.
2.  The company, incorporated on the 2nd August 2010, is based in Elton Road, Bishopston, Bristol, BS7 8DE and has customers globally.
3.   The company was co-founded by three Bristol University Students who studied Aeronautical Engineering, Mechanical Engineering and Physics.
4.  For more information please refer to www.marketdojo.com
5.  Key contact: Co-founder Nick Drewe, 0117 230 9047, nick.drewe@marketdojo.com.