Case Study: Sourcing IQ achieves faster, more transparent RFQs and major savings with Market Dojo

Sourcing IQ saves $5.1M on RFQs with Market Dojo

Sourcing IQ, a supply chain consulting firm specializing in direct materials procurement, faced challenges with its clients' manual and time-intensive RFQ processes. These methods, reliant on phone calls, emails, and spreadsheets, were prone to errors and lacked transparency. To execute large-scale resourcing projects effectively and provide a clear audit trail, Sourcing IQ partnered with Market Dojo and adopted its Market Dojo Sourcing e-sourcing software.

By implementing Market Dojo's solution, Sourcing IQ streamlined its RFQ processes, gained a thorough audit trail, and improved efficiency. This enabled them to achieve transformational savings for clients, including an aerospace project that realized $3.6 million in cost savings and an additional $1.5 million in working capital savings. In another project for an instrumentation client, they achieved $2.7 million in savings. The Market Dojo platform also received positive feedback from suppliers for its ease of use.

Sourcing IQ