MJUNCTION CASE STUDY

Steel industry of India. Establishing Price Transparency February 9, A Solution Creating an open platform where real time price, quantity, and quality information can be accessed by secondary material sellers and buyers would provide the data they depend on for procurement. Mjunction had to initially overcome credibility issues and prove their platform was reliable and scam-free. Please share your thoughts on the matter at this article’s entry on the Articles for deletion page. Subsequently, it moved into new areas of business and now offers eSelling, eSourcing, eFinance, and knowledge services across diverse industry verticals. Operating online auctions requires visibility into marketplaces and an ability to consummate deals digitally.

Retrieved 16 May The Challenge Online business-to-business secondary material marketplaces are often operated by private compa. Mjunction illustrates how secondary materials can be exchanged at a fair price agreed upon by buyer and seller. Mjunction Case Study 5. Initially focused on steel, Mjunction rapidly expanded to new business lines and now offers e-Finance, e-Selling, e-Sourcing and e-Knowledge services for various goods such as steel, coal, automobiles and tea 3. Price transparency presents significant challenge in the exchange of secondary materials consumption.

mjunction case study

Results story Disrupting commodities markets Mr. Archived from the original on 22 November The steel plant, on the other hand, is able to get the best prices for their materials and liquidate their stocks very quickly. By using this site, you agree to the Terms of Use and Privacy Policy.

This mechanism allows members to save time in the negotiations, while being ensured of a fair price. Quality ensured materials are delivered by Mjunction all over the country stidy.

Establishing Price Transparency February 9, Well, middlemen were making arrangements to get to the notice board earlier than the final customers and buying the steel, artificially sudy market demand and, thus, pricing.

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Increases operational agility and responsiveness to rapid changes in the marketplace. Please share your thoughts on the matter at this article’s entry on the Articles for deletion page.

mjunction Services, Ltd.

The Challenge Price transparency presents significant challenge in the exchange of secondary materials consum. Augmenting this issue, confidence in the quality of the material is not as strong as it is for primary materials due to established control and assurance processes. For more information, particularly mjunctioh merging or moving the article during the discussion, read the guide mjuction deletion.

This would in turn create value for the industry in a sustainable and scalable manner. The Challenge Online business-to-business secondary material marketplaces are often operated by private compa. This solution needs to be reliable and scalable to handle the wide range of auctions that may occur in a given day. Feel free to improve the article, but the article must not be blankedand this notice must not be removed, until the discussion is closed. The company was rechristened to Mjunction services limited in from erstwhile name of sudy.

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More transparent and immediate material information is needed to establish a competitive secondary materials marketplace. Retrieved 31 August Business challenge In order mjhnction operate more effective online auctions, mjunction sought a solution to bring new applications to market faster.

This wide variance requires that mjunction optimize and quickly scale its infrastructure. Archived from the original on 18 November In order to operate more effective online auctions, mjunction sought a solution to bring new applications to market faster. Creating an open platform where real time price, quantity, and mjuncyion information can be accessed by secondary material sellers and buyers would provide the data they depend on for procurement.

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mjunction case study

Business volume of the company in terms of transactions has increased from Rs Procurement professionals do not have the same access to price information as they do for primary materials and commodities. A Solution Creating an open platform where real time price, quantity, and quality information can be accessed by secondary material sellers and buyers would provide the data they depend on for procurement.

Business challenge story Establishing digital marketplaces Starting with the steel industry and moving onto other verticals, like coal and tea, mjunction seeks to make commodity markets more efficient, and it uses technology to do it.

Transformation mjunction optimizes and quickly scales its infrastructure to bring new applications and auctions to market faster using IBM PureApplicationTM System. Oberoi views mjunction as a market disruptor, changing age-old practices in the tea marketplace, for example.

Case Studies : Financejunction

Mjunction had to initially overcome credibility issues and prove their platform was reliable and scam-free. Retrieved 21 December In the early s, the Internet penetration in India was low and steel business was tradition bound.

mjunction case study

This system can be a model for other online marketplaces.

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