K2 Sourcing Platform vs Market Dojo
K2 Sourcing Platform
k2sourcing.com
Market Dojo
marketdojo.comSide by side
| Figure | K2 Sourcing Platform | Market Dojo |
|---|---|---|
| Price from | — | £41.67/mo |
| Free plan | — | Yes |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | — | Yes |
| Plans published | 2 | 16 |
| Spec score · Sourcing Software | 8.5 (#2) | 9.1 (#1) |
| Deployment | The company describes the product as cloud based with no software installation or implementation project for managed-service users. | The service is cloud-based and accessed through a web browser without additional hardware or software installation. |
| Founded | 2003 | 2010 |
| Security | K2 Sourcing states that the application is encrypted, password protected and hosted on a SOC 2 compliant server. | The FAQ states that daily backups, SSL encryption, declarative authorization and a self-defending network are used. |
| Supplier onboarding | Suppliers use invitation links, account selection, passwords and emailed verification codes to access requests. | Supplier Onboarding centralizes supplier information, supports approval workflows and maintains compliance records. |
| Support | GoodFirms lists email, phone and 24x7 support plus help guides, videos, blogs and case studies. | Support is offered through live chat, phone and email, including help for suppliers participating in events. |
| What it does | K2 Sourcing combines a cloud eSourcing application with managed RFP, RFQ, reverse-auction and strategic-sourcing services. | Market Dojo is a UK software-as-a-service platform for procurement teams to run sourcing events and supplier collaboration online. |
Plans
K2 Sourcing Platform
- Customized subscription planPriced on request
- Custom subscriptionPriced on request
Market Dojo
- Opportunity Analysis Free PlanFree
- Contract Management£5, paid once
- Simple Sourcing — annual licence£500 a year
- Market Dojo – Sourcing£525 a month
- Pro Sourcing — annual licence£583 a year
- Advanced Sourcing — annual licence£667 a year
- Supplier Onboarding Simple£833.33 a year
- Simple Sourcing — monthly licence£1,000 a month
- Simple Sourcing — single event£1,000, paid once
- Pro Sourcing — monthly licence£1,500 a month
In their own words
K2 Sourcing Platform
K2 Sourcing Platform is a web-based eSourcing application for procurement and strategic sourcing teams. It supports RFPs, RFQs, RFIs, reverse auctions and supplier onboarding. For RFPs, teams can create questionnaires and pricing models, assess supplier responses, evaluate submissions and consider award scenarios. Reverse auctions let suppliers bid against one another in real time. Supplier information tools cover RFIs, documentation, registration and approved supplier lists; the platform also supports supplier discovery, bid comparison and negotiation workflows. K2 says the application includes more than 100 RFP templates that users can clone and customize, and describes it as mobile friendly. K2 states that the platform is encrypted, hosted on a SOC 2 compliant server and has uptime over 99.9%. Account and project managers with sourcing experience provide customer support. Invited suppliers can join sourcing events without installing software or signing a software agreement. Plans are customized to customer needs, with pricing available by contacting K2. Prospective customers can discuss a 90-day free trial.
Market Dojo
Market Dojo provides eSourcing and supplier engagement software for sourcing, supplier onboarding, and contract management. Its sourcing tools support RFIs, RFPs, RFQs, weighted events, document uploads, and pricing tables. Auction formats include open, ranked, Japanese, forward, and reverse auctions. Supplier questionnaires support weighted questions, several question types, tables, and document uploads, with generative AI and automatic or manual scoring. A RESTful API is available to all users and includes live documentation. Listed integrations include multi-ERP, Focal Point, Esker, Veridion, Power BI, Microsoft Entra ID, Google SSO, Okta, Spend HQ–PMM, and SAML. Market Dojo says it is ISO 27001 certified and hosts its software on Google Cloud Platform. Access is available on the web and through an API, with support by live chat and email. Free Sourcing Starter access is for test events and trying the tool as buyer and supplier, but is limited to test suppliers. Paid sourcing has annual, monthly, and single-event options; Simple Sourcing annual licence is £500 a year.