Accelerate the source-to-award process to optimize your budget

Maximizing cost savings is crucial to staying competitive in today's markets. Leverage Fairmarkit's automated buying platform to minimize source-to-award cycle times while achieving cost savings of over 15% on non-strategic spend.

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Trusted by the world’s leading companies

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Univision logo
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MBTA logo
Zebra logo
BCBS of KC logo

Trusted by the world’s leading companies

servicenow logo
Univision logo
the andersons logo
MBTA logo
Zebra logo
PCI logo

Award winning disruptor

Future of Sourcing Award logo
IDC innovator logo
CPO Strategy disruptor award logo
Future 5 spend matters logo
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SIG logo
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Our customers get results

Fairmarkit customers use our fully automated procurement process to realize cost savings of over 15% and significant time savings on their source-to-award cycles

$28M+

Over $28M saved by buyers through our marketplace

~90%

~90% of requests receive a bid below the benchmark within 4 hours

~$2K

~$2K average savings on requisitions sourced through Fairmarkit

What is tail spend?

Tail spend is the non-strategic, non-complex spend, that accounts for a relatively small percentage of a company’s overall spend, but a disproportionately large percentage of its total transaction volume and vendor base.

spend graph with tail spend highlighted

Features

One platform to ensure that you're getting the most out of your budget

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Automated communication

Stop wasting time collecting quotes via phone and email. Fairmarkit handles all vendor communication and centralizes responses for analysis.

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Intelligent vendor sourcing

Our patented technology sources goods and services, leveraging your own vendor base and over 300,000 vendors in our ecosystem.

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Order consolidation

Minimize the volume of purchase orders you create while maintaining visibility. Fairmarkit automatically bundles requisitions from your ERP or P2P.

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Analyze buyer performance

Monitor your team's performance with key insights from Fairmarkit's analytics.

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Executive dashboards

Analyze spend performance metrics to ensure alignment with departmental and strategic objectives.

by the numbers

Join our vibrant marketplace

$180M
sourced

Over $180M has been awarded through our marketplace

300,000+
bids

Fairmarkit has processed over 300,000 bids from suppliers

25,000+
RFxs

We have processed over 25,000 RFPs and RFQs in under 2 years

testimonials

What our customers are saying

“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.”

Joe Frederick
Director, Spend Management
servicenow logo

"Fairmarkit is quickly becoming the preeminent tail spend solution provider. They are creating a niche using automated processes to group unstructured data that aggregates previously disassociated data into actionable insights for a team to leverage and drive value."

Greg Tennyson
Chief Procurement Officer
VSP Logo

“Simply put, Fairmarkit automates our tail spend 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. allowing us to leverage aggressive pricing with a trusted vendor. Checks both boxes of saving time and money.”

Frank Cuomo
Vice President, Strategic Sourcing & Procurement
unvision logo

“Procurement organizations of all sizes continue to see cost reduction as their #1 objective. Fairmarkit’s innovative approach to optimizing tail spend will undoubtedly offer a solution and separate its clients from the rest of the pack.”

Michael Cadieux
Chief Procurement Officer
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"When you turn it on, it just works. We saw a one-month ROI."

Gaston Alvarado
Global Category Manager
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