AI and Market Dojo Sourcing

Level Up Procurement with AI and Market Dojo Sourcing

Sourcing Software, ai, ai and automation, artificial intelligence
Blogs, Company News, Our Company

At a time where costs are skyrocketing and competition is fierce, AI feels like a breath of fresh air offering procurement, like many disciplines, a new path to sustainable success.

Following a successful beta test that we announced in October of last year, Market Dojo Sourcing has now released its powerful AI functionality to licensed users.

Watch this short video for a quick overview of the current AI capabilities.

Market Dojo Sourcing and AI

Here’s a summary of the key AI features:

  • Dynamic Questionnaires: The AI-powered feature centralises questions, generates ideal questionnaire formats, and streamlines the process, saving time and tailoring the questionnaire to specific needs, ensuring best-in-class practices are followed.
  • Hassle-Free Question Creation: AI functionality allows users to specify key topics, and the tool generates and integrates relevant questions, eliminating the need for manual question formulation and enhancing the efficiency of the procurement process.
  • Smart Supplier Selection: in the near future AI algorithms will aid in meticulous supplier selection for eAuctions based on a comprehensive array of criteria, ensuring only the most qualified suppliers are invited to participate, thus increasing the likelihood of securing advantageous procurement deals.

Early results show that Market Dojo Sourcing’s new AI-powered features reduce time spent on building supplier questionnaires by 50% or more in many cases. 

Chris Barrett, Product Owner at Market Dojo, demonstrates how quick and simple it is to build a questionnaire in this short product update.

As always, Market Dojo is committed to provide our customers with tools that optimise value delivery and make their lives easier. This new AI functionality is just the beginning of the impactful applications and limitless potential we envision for the future.

To activate the AI capabilities in Market Dojo Sourcing, please speak with your Account Manager or contact our Support Team via the portal or email support@marketdojo.com

More Resources

To learn more about how Market Dojo can help you streamline your processes, saving time and money, download our eGuide The Ultimate Guide to Power-Up Sourcing or Book a Demo with our sourcing specialists.

Get your free eGuide to Power Up Sourcing

February 28, 2024
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