FAQs

For the past two decades, the procurement platform of mjunction, mjPRO, is being used by various organizations for managing Procure to Pay. It is a one-stop shop for companies looking to make procurement efficient. The procurement platform, mjPRO, creates an ecosystem of buyer and suppliers and assure performance, convenience, and compliance. mjunction is recognized as one of the best e-procurement service providers in India because of its in-house cloud-based procurement platform, 20 years of procurement experience, and 70000+ supplier database across 15+ categories. mjPRO is now supporting the procurement of various sectors like defense, power, manufacturing, mining, etc.

mjunction specializes in all types of ferrous, non-ferrous & other scrap items generated during the production process. mjunction has Successfully sold about 2000 Cr. worth of scrap through it’s online platform. All kinds of scrap material including Mild Steel, Carbon Steel, Aluminium, Zinc, Copper, Brass, alloys, etc, can be easily sold through its e-auction platform. More than 6000 buyers are regularly buying scrap material through its website making mjunction one of the best e-auction platform for selling scrap.

mjunction has built and is operating the largest online platform for selling steel in India. The platform for end to end selling of steel, enables big as well as small consumers to buy steel directly from large corporates such as SAIL and Tata Steel, among several others, thereby bringing simplicity and efficiency into the process. Through a transparent electronic bidding process, buyers get direct access to the large sellers, disintermediating the steel supply chain.

mjunction is one of India’s eauction pioneers, executing over 30k e-Auctions each year for over 150 prominent companies, including government and PSUs. Mjunction has built the large eauction ecosystem that allows sellers to connect with a large number of active buyers, cutting out the middlemen and disintermediating the supply chain. The eauction ecosystem offers value-added services such as inspection, valuation, logistics, and financing for purchasers making mjunction one of the best e-auction companies in India.

mjPRO, the industry agnostic eProcurement platform from mjunction, is increasingly being adopted by various organisations for digitizing the Procure-to-Pay processes. mjPRO is a one-stop shop for companies looking to adopt procurement technology holistically and make procurement efficient. mjPRO enables a network of buyers and suppliers, assuring easy and effective commerce. mjunction is recognized as one of the best e-procurement service providers in India because of its unique capability to enable buy of any type of item in any industry. Our 20 years of procurement experience, 70000+ supplier database across 15+ categories and our technology prowess have enabled the creation of mjPRO, which is being highly recognized by industry bodies and procurement professionals. mjPRO is now supporting the procurement of various sectors like defense, power, manufacturing, mining, etc.

Yes, mjunction is a leading name provding reverse auction services and solutions. mjunction’s “Sourcing advisory service” consults and execute procurement of high value strategic and leverage buys, for more than 50+ customers across industries . We leverage our category expertise and the best-in-class sourcing / reverse auction platform, to help customers achieve cost reduction or obtain the best price. mjunction has conducted more than 200,000 e-sourcing events and procured goods & services worth INR 80,000 + Crores (USD 12.29 Billion), across 15+ categories, during the last two decades, making it one of the best reverse auction companies in India.

mjunction has conducted more than 200,000 e-sourcing events and procured goods & services worth INR 80,000 + Crores (USD 12.29 Billion). We help our customers to establish the best contract at best price for the high value strategic or leverage buys, across 15+ categories, that includes customised procurement solutions in procuring Sea Cargo / Ocean vessel chartering and bunkers, for their freight requirement.

mjPRO has been recognised as the “Best Procurement Technology Solution provider”, by ISCM. mjPRO,by mjunction, is a SaaS-based eprocurement platform for digitising the complete procurement chain from “Source to Pay” for any type of goods, projects and services. The digital procurement platform helps customers reach larger number of vendors and execute the procurement in a more transaprent and effective way. The Smart templates and features enabled by AI, makes mjPRO the most adoptable eProcurement portal and can be easily activated and used. The comprehensive Analytics tool help in spend analysis and aggregation, boosting profitability. mjunction is a one-stop shop, providing software, service and support, ensuring no scope leakage for the customers

mjPRO,by mjunction, is a SaaS-based eprocurement system for digitising the complete procurement chain from “Source to Pay” for any type of goods, projects and services. The digital procurement platform helps customers reach larger number of vendors and execute the procurement in a more transaprent and effective way. mjPRO is a cloud based procurement solution that makes it completely scalable and the pay-per-use model makes customers comfortable on investments and also ensures faster ROI.

mjunction is a leading name offering the best sourcing platform in India. We offer a complete eSourcing solution for your high-value strategic / leverage buys, across 20+ categories, including “sea cargo vessel” chartering. Our category expertise and the best-in-class sourcing / reverse auction platform help customers achieve cost reduction and obtain the best price. Our sourcing platform can handle more than 20 types of reverse auction strategies. mjunction has conducted more than 200,000 e-sourcing events and procured goods & services worth INR 80,000 + Crores (USD 12.29 Billion), during the last two decades. Our Procurement Outsourcing / Managed Sourcing service, leverages a digital procurement solution to help customers manage their low-value tail spend more efficientl, while our customers can only focus on their core strategic buys. mjunction offers tail spend management either as a “Source to Pay” solution provider or can be your single supplier for all non-strategic buys.

mjunction has developed an innovative e-Selling services platforms such as e-Auctions, e-Store, and e-Marketplaces to assist businesses in expanding their market reach and achieving the best possible market price. mjunction’s integrated B2b e-commerce selling ecosystem is supported by a secure, robust platform, scalable technology, infrastructure, category expertise, and end-to-end support that gives its clients and partners an efficient and productive experience.

‘mjValueMart’ is a B2b Liquidation e-Marketplace for the sale of unused, obsolete and non-moving MRO spares. It helps large Industries liquidate their excess inventory of unused spares at fair market prices rather than selling it as scrap, thereby providing huge cost-savings.

mjunction provides an online platform for purchase and sale of secondary steel. Through its platform, mjunction enables large steel companies in selling off the secondary, low-quality steel to prospective buyers and end users. mjunction’s team has established a transparent electronic bidding process using which buyers can buy required quantities of steel, thus disintermediating the steel supply chain.

Mjunction has built and is operating the largest E-Marketplace for steel in the world. It offers a robust platform for e-Selling of steel that enables quick selling of the materials with a potential for higher price realisation through greater participation of buyers. The system enables faster evacuation of materials thereby reducing the cycle time and increases the geographical reach with addition of new buyers. The platform provides you access to market intelligence on products, helping you take informed decisions.

mjunction provides one of the best e-selling platform for end to end selling and buying of steel. Using its platform, large steel producers like Tata Steel and SAIL have sold different grades of steel in a secure and efficient way. There is availability of system-generated reports capturing complete details of buyer participation and audit trails for compliance which makes mjunction one of the best platform for steel sellers and buyers.

mjunction is a first of a kind, all-encompassing online platform, on self-service mode. It provides end-to-end service to the Tea community, with facilities like free state-of-the-art warehouse, quality assessment, financial assistance and logistics support. This innovative e-Marketplace makes buying and selling of Assam tea extremely easy. The e-Marketplace brings together a large number of buyers and sellers across the country on one platform, along with many budding tea entrepreneurs.

mjunction links buyers and sellers through digital platforms and is the most trusted B2b e-Marketplace in India, with over two decades of operation, promoted jointly by SAIL and Tata Steel. Every year, mjunction’s platforms transact more than 150,000 Crores in GMV, making it India’s top e-Auction platform. Mjunction’s integrated b2b e-commerce selling ecosystem is a mix of a secure, robust platform, scalable technology and infrastructure, category expertise, and end-to-end support that gives our customers and partners an efficient and productive experience.

Organisations can only make procurement cost-effective and sustainable by re-engineering processes through automation & digitisation, intelligent offshoring and focusing on core categories and processes. Integrated, SaaS based eProcurement systems like mjPRO digitises the entire procurement chain and enables organisations to tap more suppliers for more competitive bidding thorugh its integrated auction engine. Moreover, mjPRO ensures 360 view of data for aggregation and ensures further savings by reducing ad-hoc buys. Easy, automated and intutive processes reduces turn around time, making procurement more profitable as a function. High value strategic or leverage buys should be bought using the right negotiation methodologies of reverse auctions by enabling competive bidding amongst the right credible suppliers. This does not only reduce cost but also supply risk. mjunction can be your sourcing consultant ensuring the right material at the right price at the right time. mjunction can also be your procurement partner in handling the “low-value high-volume” non-strategic buys. mjunction can be the single supplier to you or your service partner for mangaing all low value buys, wherein customers can only focus on the high value strategic or core buys. This enbales better savings at both ends.

Procurement is becoming increasingly important in ensuring that businesses are profitable, sustainable, socially responsible, and competitive. It is not just to save money but to gain a long-term competitive edge, assure availability, secure business continuity, reduce time, and maintain governance. Shift towards eProcurement is a major sustainable trend. mjunction has been providing effective eprocurement solutions in India and other procurement services for the last 2 decades in SaaS mode. We are partnering with more than 100 customers, across industries, offering technology, consulting and outsourcing solutions. mjunction is a one-stop-shop for companies looking to make procurement more digitised, lucrative, and efficient.

mjunction offers “single supplier” solution for all your non-strategic buys, replacing multiple suppliers in the legacy system. This helps customers with enhanced compliance and risk reduction. mjunction delivers services from its shared service center and ensures delivery compliance leveraging a “ship-to-party” model. The cloud-based in-house procurement system completely automates the processes from RFQ till PO and further. mjunction’s procurement experts interacts and places orders to numerous secondary vendors on behalf of the customer. We manage all transactions and documentation with multiple vendors, acting as a single point of contact. Our customers have achieved reduction in transactional cost and witnessed improved availability of materials.

mjunction’s managed sourcing services and eSourcing solutions are designed to help customers manage their expenditure or categories more cost-effectively, while customers can use resources for more strategic activities rather than tactical tasks only. mjunction provides focus, resources, tools and expertise in managing your purchases to achieve performance, convenience and compliance benefits for medium and large corporates, across industries

mjunction is India’s most trusted B2b e-marketplace company with over two decades of operating experience. mjunction links buyers and sellers of various materials through digital platforms. Currently, mjunction’s sell-side network includes over 1L+ buyers interested in purchasing coal, steel, outdated and idle capital assets, ores and minerals, agri commodities, hazardous wastes, oil and gas, scrap, real estate, and others commodities. This makes mjunction one of the best forward auction services company in India.

mjunction is a first of a kind, all-encompassing online platform, on self-service mode. It provides end-to-end service to the Tea community, with facilities like free state-of-the-art warehouse, quality assessment, financial assistance and logistics support. This innovative e-Marketplace makes buying and selling of Assam tea extremely easy. The e-Marketplace brings together a large number of buyers and sellers across the country on one platform, along with many budding tea entrepreneurs.

mjunction is one of India’s e-Auction pioneers, executing over 30k e-Auctions each year for over 150 prominent companies, including government and PSUs. It’s e-Auction platforms are STQC accredited, moreover, it is a CMMI Level 5 company, making mjunction the best e-auction company in India.

mjunction assists businesses with procurement solutions to reduce costs and turnaround time by connecting them with over 2 lakh active suppliers in industries such as manufacturing, construction, and hospitality, to mention a few. mjunction is the single supplier solution for all your non-repetitive non-strategic buys, replacing multiple suppliers in your legacy system for enhanced compliance and risk reduction.

mjunction offers procurement solutions for managing the hassles of low-value / non-strategic spend categories, known as the long tail. For most customers across industries, they represent only 10% of your total spend but 90% of the Purchase Department’s transaction volume. mjunction’s cloud-based in-house digital procurement platform, along with skilled buyers and facilitators deployed both offshore and onsite, manages all low-value tail-end buys from PR to GRN, and beyond. mjunction can act as a value-added extension of your procurement team for tail spend management

mjValueMart is a B2b Liquidation e-Marketplace for the sale of unused, obsolete and non-moving MRO spares. It helps large Industries liquidate their excess inventory of unused spares at fair market prices rather than selling it as scrap, thereby providing huge cost-savings. mjValueMart achieves this feat by connecting the sellers with MSMEs and End Users looking for genuine MRO spares at affordable prices.

mjunction’s category management team involved in e-Selling of Iron Ore & Minerals is a blend of highly skilled resources from various industries with specific industrial product handling experience. This enables seller to understand the current market scenario in the minerals segment, selling strategy to be adopted, best practices followed in the industry and to decide the final selling prices for minerals. mjunction also appoints industry experts as advisors and mentors to deal with such high value or strategic products.