Business Team

BrightMart Retail Ltd.

Implement over 50 events per month with Prokuria

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Want to find more on how Prokuria can help with faster and optimal supplier selection

Company

BrightMart Retail operates grocery stores that offer fresh produce, meat, dairy products and general merchandise at great prices.

Industry

Retail Chains

Location

Retail Chains

Size

200 employees

Main Results 

Over two dozen eSourcing events and 53 reverse auctions were implemented in the first 3 months.

19.3% average savings on supplies

Significant improvement in internal communications and operations streamlining

Will Scott

Will Scott

VP of Procurement

“There is nothing worse for a business than having to refund done sales just because we could fulfill them in time.”

Context

While BrightMart Retail has implemented other procurement processes in the past, those were mostly geared towards spend management and purchasing workflows. Yet, successful procurement needs to be more holistic and also encapsulate supplier sourcing, onboarding, and relationship management.

The retailer joined with Prokuria to track their performance and optimize their negotiations with suppliers so as to improve their terms and/or adjust their supply as needed. This process needs to be done on a consistent basis to ensure the viability and success of the business.

Resolution

By using Prokuria’s supplier relationship management capabilities, BrightMart Retail managed to strengthen its market position. It was also able to improve its internal stakeholder communication and engagement, boosting the company’s ability to meet its own needs at a moment’s notice. Lastly, the platform also helped align the company’s strategy with its procurement and supply chain needs.

With Prokuria, we managed to:
Implement eSourcing events and reverse auctions
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We know each company is different. 

That's why in Prokuria you can set up your process exactly the way you need it.

No code, no IT consultants, no tech skills required! You will be up and running in no time, and at a fraction of cost vs. other solutions.