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$2,000

“average savings of about $2,000 per RFQ”

As published on fairmarkit.com. Captured by usedby on Oct 7, 2026.

What happened

The procurement department uses Fairmarkit to automate and run RFQs and to send requests to vendors through its marketplace. This lets the team get more competitive bids and widen its vendor pool without adding full-time staff.

Summary written by usedby from the source page, in English. The figures are those of Fairmarkit and Blue Cross Blue Shield of Kansas City (BCBS KC), not ours.

  • $10M+“$10M+ return on investment”
  • 50+“50+ new vendors identified from the marketplace”

they realized an ROI after only 3 months and saw an average savings of about $2,000 per RFQ. Seeing cost savings, even with a limited scope of spend, validated expanding to more spend categories soon after.

From the page. fairmarkit.com, captured Oct 7, 2026

It is a significant source of process improvement, resource improvement, and identifying opportunities that we never knew existed before,

Tim Genter, Manager of Procurement and Sourcing Governance, Blue Cross Blue Shield of Kansas City (BCBS KC). Source, captured Oct 7, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 7, 2026.

  • The figure: $2,000CheckedPrinted word for word on the page, near the name of Blue Cross Blue Shield of Kansas City (BCBS KC).
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of Blue Cross Blue Shield of Kansas City (BCBS KC).
  • Blue Cross Blue Shield of Kansas City (BCBS KC) uses FairmarkitCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

Same company, same tool or same industry.

8.5%“8.5% in awarded savings”Arauco uses Fairmarkit. Another customer of Fairmarkit14%“They have 6% awarded savings with 14% identified (mostly in Equatorial New Guinea).”Atlantic Methanol uses Fairmarkit. Another customer of Fairmarkit$1.2B“In the last 18 months alone, bp has put $1.2B of spend through Fairmarkit.”BP uses Fairmarkit. Another customer of Fairmarkit