Market Dojo has adapted a large lotting structure which was originally created with energy suppliers in mind. The advanced lot structure allows for multiple components, multiple line items and multiple totals. The line items could be used for different sites and meter readings. The components can be used to collect day rates, night rates, standing charges and capacity charges. the multiple totals can look at different scenarios. We even developed Unit of Measure sets so suppliers will be able to bid in their preferred UoM set such as Kilowatt Hour or Gigawatt Hour.
The liquidity here will greatly depend on the size of your spend. The energy market tends to be dominated by very large suppliers who often will refuse to actively take part in an Event unless the spend is attractive to them. However, you can often negotiate with energy brokers on their behalf to take part in events and ensure competitive bidding. Remember to talk to them and use the process as a sales opportunity; this can always help to get one more participant on board in a category where there may not be many possibilities. Look to break the requirement into several Lots as discussed above to get maximum liquidity in each area.
As previously mentioned, the energy market can be highly competitive and one in which can fluctuate heavily. We suggest negotiating with suppliers through a Reverse Auction to maximise competition ensuring that you are purchasing your energy prices at market value.
Although suppliers can often take part in auctions or eSourcing events, ensure that they are aware of how to use the eSourcing platform software before the event. Our system is specifically designed to make it easy and allows suppliers to bid in their preferred formats.
Market Dojo offers a wide range of capabilities that help procurement professionals get the most out of their sourcing activities with easy to use and intuitive solutions. You can get started on your office supplies tender straight away with our ‘Pay as you Go’ plans that start at as little as £500.
Designed by procurement specialists, our solutions aim to help you centralise your information and negotiate the best value for your goods and services. Whether you looking to run a simple eSourcing event or combine advanced weighted proposals with integrated procurement solutions we can help with our range of offerings and support.
With Quick Quotes, it's difficult to find reasons not to use it. My team think its great. We were worried everyone would say you send too much stuff but everyone's feedback has been “we love it”.
I managed to generate a 48% saving in 2 hours so was very happy with the result! I would definitely recommend these guys. I honestly don't have a bad word to say about them. Excellent service, excellent software and a fantastic experience.
The company and people are intuitive, young and enthusiastic in nature. Specsavers will be looking to use Market Dojo as a ‘business as usual’ tool and regard it as an integral part of their negotiation toolkit.