MBTA Case Study: Increased Supplier Diversity and Tail Spend Cost Savings
Through their partnership with Fairmarkit, the Massachusetts Bay Transportation Authority (MBTA) dramatically increased supplier diversity and cost savings. The MBTA was able to increase competitive bidding, decrease order price, and increase their employee productivity through Fairmarkit's MRO spend management software. In this case study, you will learn how the MBTA: Increased the number of bids while reducing order prices by 5% to 40%, achieving a $100K+ monthly savings. Received an average of 3+ bids per RFQ, with 25% of the requests generating 5+ bids. Realized a 15% reduction in time spent per purchase, leading to greater employee efficiency.
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