MJUNCTION CASE STUDY

Mjunction Case Study 6. Mjunction exists on both sides of the supply chain and serves both sellers and buyers. 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. Archived from the original on 18 November About 70 such exchanges existed worldwide and even while new ones were formed, some others were regularly closing shop.

This document is current as of the initial date of publication and may be changed by IBM at any time. Produced in the United States of America, January Mjunction was established to help redesign and improve business processes of a supply chain or an industry. 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. The Challenge Price transparency presents significant challenge in the exchange of secondary materials consumption. Mjunction illustrates how secondary materials can be exchanged at a fair price agreed upon by buyer and seller.

Additionally, Mjunction provides logistics and inspection services.

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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.

In the early s, the Internet penetration in India was low and steel business was tradition bound. The Challenge Price mhunction presents significant challenge in the exchange of secondary materials consumption. The Challenge Online business-to-business secondary material marketplaces are often operated by private compa. Mjunction exists on both sides of the supply chain and serves both sellers and buyers.

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mjunction Services, Ltd.

From Wikipedia, the free encyclopedia. The company was rechristened to Mjunction services limited in from erstwhile name of metaljunction.

View more client stories or learn more about IBM Cloud. World’s largest e-marketplace for steel”.

This solution needs to be reliable and scalable to handle the wide range of auctions that may occur in a given day. Results story Cawe commodities markets Mr. Produced in the United States of America, January Founded cqse February and headquartered in Kolkata, mjunction Services, Ltd. Increases operational agility and responsiveness to rapid changes in the marketplace. Feel free to improve the article, but the article must not be blankedand this notice must not be removed, until the discussion is closed.

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More transparent and immediate material information is needed to establish a competitive secondary materials marketplace. Operating online auctions requires visibility into marketplaces and an ability to consummate deals digitally. Headquartered in Kolkata ,West Bengal, it primarily facilitated the online sale of steel.

This system can be a model for other online marketplaces. Noindexed articles Articles for deletion Use dmy dates from May Use Indian English from May All Wikipedia articles written in Indian English Pages using deprecated image syntax All articles that may have off-topic sections Wikipedia articles that may have off-topic sections from May Business challenge In order to operate more effective online auctions, mjunction sought a solution to bring mjunnction applications to market faster.

Krishna Kumar Natarajan Chandrasekaran. This mechanism allows members to save time in the negotiations, while being ensured of a fair studdy. Established inthis Indian marketplace conducts between and auctions each month 2making it one of the main actors in online materials marketplaces.

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This page was last edited on 21 Mayat The forward auction system awards the highest bidder the material. Mjunction was established to help redesign stuyd improve business processes of a supply chain or an industry.

Visvesvaraya Iron and Steel Plant kalyani steels. Transformation story Simpler, more agile IT Mr.

mjunction case study

The company has more than employees and 20 locations throughout the country offering a wide range of eSelling, eSourcing, eTendering, eFinance and Knowledge services across a diverse range of industries. 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 came into existence at a time when the dotcom boom had just gone bust and a B2B e-platform for steel sales was a risky and challenging business proposition.

mjunction case study

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. Mjunction illustrates caae secondary materials can be exchanged at a fair price agreed upon by buyer and seller.