Buyers have automation and data on their side to reduce manual effort.
Our customers realize cost savings of over 10% through competitive bidding.
Structured data and analytics give you the holistic view you need.
Alternative suppliers are waiting in the wings for when you need a backup.
We get it. Strategic sourcing is time consuming. But it’s also effective. That’s why we’re helping you bring automation to your tail spend—so you can source more things easier. Whether you’re trying to reduce costs or minimize off-contract suppliers, getting bids from the right vendors every time is possible.
Fairmarkit was named a 2020 Gartner Cool Vendor in Sourcing and Procurement for Supply Chain, as an innovative solution "for chief procurement officers that augment collaboration, provide cutting-edge analytics and help to make better decisions."
Simply put, Fairmarkit automates sourcing activity. We set up criteria within Fairmarkit to streamline the decision-making process around what qualifies as tail spend activity, and the system provides RFQ feedback in the required 48 hours.
At ServiceNow, our procurement mission is to enable a strategy that optimizes for both the end user experience and business value. Fairmarkit's automation, simplicity and 2-month ROI delivered on these objectives.
Let us show you how to unlock procurement’s potential with automated sourcing.