mjunction launches e-marketplace for MRO spares mjValueMart

This one-stop platform is for both buyers and sellers of excess inventory of Maintenance, Repair & Operational (MRO) spares.

The platform, accessible at mjvaluemart.com, connects sellers to a large number of verified MSMEs, traders and dealers, to realise the best price, the company said in a release.

At the same time, it helps MSMEs to buy unused spares at a much lower cost than that they would pay if they were to buy from the Original Equipment Manufacturers (OEMs).

Third party inspection of inventory also happens for the convenience of buyers and sellers.

For buyers, it is a convenient online channel to source genuine, unused MRO spares at a market-determined price, according to the company.

It also said that third party inspection of all listed products and last mile fulfilment are other value-added services for buyers that mjValueMart provides.

Said mjunction MD Vinaya Varma, “In addition to providing the convenience of digital transactions, mjValueMart has a host of Value Added Services such as inspection and logistics, among others, which are integrated with the platform to provide a seamless end to end experience.”

According to Varma, this completely automated transactional e-marketplace is all set to transform the process of liquidation of industrial spares – the key challenge faced by most manufacturing companies.