Sourcing Automation Suite

Automate your RFx journey

Streamline your tedious, repetitive processes

Speed

Slash cycle times by hundreds of hours. Our platform uses advanced rules, templates, and AI to analyze historical data and automates the entire RFx process, from auto-bundling similar events to automatically sending and awarding requests.

Savings

Gain cost-savings through bundled similar events going to the same supplier, while also having supplier recommendations waiting to keep the supply chain competitive. The auto-bundling feature intelligently groups overlapping sourcing events, optimizing supplier recommendations and enhancing negotiation power—whether for specific buyers or company-wide.

Productivity

Focus your time on high-priority tasks by trusting Fairmarkit to handle requests to award processes. Auto-awarding standardizes the process by applying rule-based, weighted criteria to select the best supplier responses, ensuring each event meets your sourcing goals with precision and fairness.

Here’s how it works

The Automation Suite for removing sourcing bottlenecks

Use negotiating power you didn’t know you had. By analyzing your transactional history, the system intelligently bundles similar RFx events, ensuring that you optimize cost savings across both specific buyers and entire company processes.

Gain hundreds of hours by relying on auto-send to handle finding suppliers and repetitive events. With a customizable schedule and recommendation criteria, the platform automatically matches suppliers to your events and sends them, freeing up your team to handle complex negotiations and strategic planning.

Boost productivity by setting up auto-award scenarios that dynamically and compliantly execute bids faster than ever. Standardize and automate your awarding process with rule-based, weighted criteria, ensuring every event is consistently assigned to the supplier most aligned with your sourcing objectives.

“Previously, it would take us 30 minutes to an hour to source items or find suppliers. Now, it’s a snap of the fingers. The best part for my buyers is that they don’t have to touch it as much. Auto-send, auto-award…it’s less touching my team has to do.”

Quynh Phan

Senior Procurement Operations Manager at Snowflake