Case Study: UK Energy Provider boosts savings and supplier engagement with Fairmarkit

UK Energy Provider boosts supplier response rates by 50% with Fairmarkit

A UK energy provider with a lean procurement team faced challenges due to manual processes that slowed cycle times, hindered supplier engagement, and made it difficult to scale their sourcing operations. To solve this, they turned to Fairmarkit and its autonomous sourcing platform to automate their procurement and better manage tail spend.

By implementing Fairmarkit, the company centralized its sourcing on a digital platform, which significantly improved supplier engagement and expanded its capabilities. The results included a 13% increase in identified savings, a 50% improvement in supplier response rates, and over £10M in managed spend. Fairmarkit enabled the lean team to transform its role into a strategic force within the organization.