Price transparency presents significant challenge in the exchange of secondary materials consumption. Oberoi estimates that his company runs about online steel, tea and coal auctions per day on average, though the number may vary from to Additionally, Mjunction provides logistics and inspection services. This system, in addition to providing information regarding the availability and quality of materials, allows both parties to benefit from a trusted environment and pursue their exchange safely. Views Read Edit View history. For its part, mjunction provides the infrastructure and software that buyers and sellers use to transact business.
Subsequently, it moved into new areas of business and now offers eSelling, eSourcing, eFinance, and knowledge services across diverse industry verticals. Produced in the United States of America, January 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 The steel plant, on the other hand, is able to get the best prices for their materials and liquidate their stocks very quickly. This system can be a model for other online marketplaces. World’s largest e-marketplace for steel”.
Founded in February and headquartered in Kolkata, mjunction Services, Ltd. We look at the entire commodity ecosystem and solve problems with the use of technology so that the supply chain becomes far more robust. Mjunction Services limited is a This article is being considered for stuey in accordance with Wikipedia’s deletion policy.
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Transformation mjunction optimizes and quickly scales its infrastructure to bring new applications and auctions to market faster using IBM PureApplicationTM System. This page was last edited on 21 Mayat Subsequently, it moved into new areas of business and now offers eSelling, eSourcing, eFinance, and knowledge services across diverse industry verticals.
Principle of management 4. Increases operational agility and responsiveness to rapid changes in the marketplace. Mjunction Case Study 6. About 70 such exchanges existed worldwide and even while new ones were formed, some others were munction closing shop.
Retrieved 16 May Mjunction Services – The Economic Times”. This document is current as of the initial date of publication and may be changed by IBM at any time. IBM products are warranted according to the terms and conditions of the agreements under which they are provided. Mjunction illustrates how secondary materials can be exchanged at a fair price agreed upon by buyer and seller.
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. Krishna Kumar Natarajan Chandrasekaran.
Business challenge In order to operate more effective online auctions, mjunction sought a solution to bring new applications to market faster. For more information, particularly on merging or moving the article during the discussion, read the guide to deletion.
Policy enabling the establishment of an online marketplace: Mjunction was established to help redesign and improve business processes of a supply chain or an industry. 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.
In the early s, the Internet penetration in India was low and steel business was tradition bound.
For its part, mjunction provides the infrastructure and software that buyers and sellers use to transact business. Smallest bidders can transact business here. Creating an open platform where real time price, quantity, and quality information can be accessed by secondary material sellers and buyers would provide the ztudy they depend on for procurement.
This wide variance requires that mjunction optimize and quickly scale its infrastructure. Mjunction is an ISO Quality ensured materials are delivered by Mjunction all over the country 6.
Mjunction had to initially overcome credibility issues and prove their platform was reliable and scam-free. Views Read Edit View history.
mjunction Services, Ltd. | IBM
In this process, buyers and sellers can see the price and the number of parties involved in the exchange at any time. Transformation story Simpler, more agile IT Mr. Please share your thoughts on the matter at this article’s entry on the Articles for deletion page. The company was rechristened to Mjunction services limited in from erstwhile name of metaljunction.