Market Dojo Unveils Tools to Revolutionise Procurement Industry

Bristol-based procurement software provider, Market Dojo, has announced the launch of its new Autonomous Sourcing features, which are set to transform the way procurement professionals work. The innovative tools aim to automate key aspects of the procurement process, helping organisations improve efficiency, ensure compliance, and reduce errors. By streamlining tasks such as event creation, supplier selection, and document management, the software promises to significantly reduce the administrative burden on procurement teams.

The procurement industry has long been faced with the challenge of balancing an increasing workload while adhering to stringent regulatory requirements. Manual processes often leave room for mistakes, and the risk of non-compliance can be costly. Market Dojo’s latest solution offers a way to tackle these challenges by automating time-consuming tasks, freeing up professionals to focus on more strategic objectives.

Ben Harvey, Senior Product Manager at Market Dojo, highlighted the company’s commitment to improving the procurement process. “Our goal has always been to simplify and enhance procurement,” he said. “With Autonomous Sourcing, we’re removing the burden of manual tasks, which means fewer errors and greater efficiency.”

One of the key features of the new platform is the Supplier Auto-Selection tool, which allows procurement teams to automatically select and invite pre-approved suppliers, ensuring compliance while drastically reducing the time spent searching for the right contacts. By automating this process, procurement teams can reduce the risk of working with non-compliant suppliers and have more confidence in their supplier selection process.

The platform also includes an Event Auto-Selection feature, which enables teams to automatically create sourcing events based on pre-set rules. This feature incorporates automated lots, questionnaires, templates, and documents, ensuring that all events are consistent and accurate. This automation removes the need for teams to manually create and manage events, allowing them to shift their focus to high-priority tasks and make better use of their time.

Alun Rafique, CEO of Market Dojo, emphasised the potential of these new tools to address the day-to-day challenges faced by procurement teams. “As a former practitioner, I see how these tools directly tackle the everyday struggles procurement professionals face. By reducing repetitive tasks and ensuring consistency, we’re empowering our customers to move from a reactive to a proactive approach. This shift allows them to make smarter decisions and achieve better results.”

Market Dojo’s new features are part of the company’s wider commitment to customer-focused innovation. The development of these tools has been driven by customer feedback, with the aim of providing a solution that meets the specific needs of procurement teams. The company’s automation technology is designed to benefit organisations of all sizes, from mid-market firms to large enterprises. By automating sourcing processes, teams can improve decision-making, mitigate risks, and ensure that all sourcing events comply with both internal and external regulations without constant manual oversight.

“Automation is becoming increasingly essential in the procurement industry,” added Rafique. “At Market Dojo, we understand that professionals need more than just tools—they need solutions that integrate seamlessly into their workflow. That’s why we’ve invested heavily in developing features that meet their real-world needs.”

The new Autonomous Sourcing features aim to help procurement professionals work more efficiently, while reducing the risks associated with manual processes, ultimately delivering better outcomes for businesses across all industries.