MBTA Case Study: Increased Supplier Diversity and Tail Spend Cost Savings
Through their partnership with Fairmarkit, the Massachusetts Bay Transportation Authority (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.