Ridiculous possibilities
We’ve taken the best of the procurement industry and combined with our best in class governance processes and practices.
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Not only have we achieved significant cost reduction, our expertise has helped achieve the right service levels and legal terms.
The Challenge
TK Maxx had a number of key projects that required completion within a budget cycle. They realised they did not have the appropriate in-house expertise to support with the various retail projects such as guarding, intruder alarms, store fit outs and some specialist IT services.
They didn’t have the budget or time to recruit additional resources and through our network, highlighted some appropriate expertise that had the necessary retail experience and had recently managed similar projects.
We set out contracted KPIs that were tracked on a monthly basis;
- Client set a £500k savings target
- An ROI of 5x (savings vs fees)
- Concluding various RFPs within a 6 month timeframe
TK Maxx set out some contracted KPIs tracked on a monthly basis
£10m
Uplift in sales
200%
Uplift in sales
£40m
Money saved in 2024
120%
Total savings
The Solution
Combining in-house processes and policies with our market knowledge helped accelerate through RFI and bidder onboarding.
We introduced project overview presentations, giving prospective bidders an opportunity to understand more about the projects and ask questions in advance of bidding for the project. Stronger bidder engagement led to greater commitment to the brand and an improvement in pricing.
The Outcome
15x
ROI (savings vs Fees)
3m
Savings realised three months earlier than forecasted
£900k
Savings achieved
“BridgePro supported where we had skills gaps, and their understanding of the retail market meant they could effectively engage with stakeholders to support projects – from guarding to outsourced IT services. We quickly realised savings and improved supplier performance”