By Kevin Frechette
Aug. 30, 2018, 7:19 AM
The Procurement Marketing Relationship Is Essential for Business The Procurement Marketing Relationship Is Essential for Business

The Procurement Marketing Relationship Is Essential for Business The 2008 financial crisis, Brexit, and the resulting shifts in the global marketplace have forced businesses to take drastic measures to stay afloat. In an effort to cut co...

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By Kevin Frechette
Aug. 21, 2018, 7:21 AM
Strategically Managing 80% of Procurement Spending Isn’t Good Enough Strategically Managing 80% of Procurement Spending Isn’t Good Enough

Addressing Tail Spend – the ‘last mile’ of procurement spending – can yield big benefits...

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By Kevin Frechette
Aug. 16, 2018, 11:16 AM
Generate Value through the CPO-CIO Connection Generate Value through the CPO-CIO Connection

At first, digital transformation may sound like yet another buzzword making the rounds. However, it is actually a crucial process in the present-day business world. The need to modernize, digitalize, and automate various processes has be...

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Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
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By Kevin Frechette
Jul. 21, 2018, 12:55 PM
Moving Towards Digital Procurement Moving Towards Digital Procurement

Moving Towards Digital Procurement We live in a digital age. When it comes to business, modern times and technologies have brought many new opportunities and challenges with them. Digitization of processes can be a tremendous boost to vi...

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By Kevin Frechette
Jul. 20, 2018, 6:34 AM
Spot Buy Catalogs are Broken Spot Buy Catalogs are Broken

Given the breadth of products and supplier relationships that procurement is in charge of, strategic procurement is not always possible. Many companies either don’t have the time or the capabilities to make all procurement strategic. Con...

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By Kevin Frechette
Jul. 11, 2018, 2:16 PM
BOSTON BUSINESS JOURNAL: This ‘tail spend’ startup saves the MBTA $100K per month

Each year, the MBTA makes about 15,000 purchases of orders worth less than $50,000 each. Policy rules dictate that for many of those purchases — for things like spray paint, steering shafts and cylinder breaks — the organization must col...

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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?
Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
Request a Demo
By Kevin Frechette
Jun. 27, 2018, 9:24 AM
Technology that Enables Procurement and Finance Technology that Enables Procurement and Finance

The procurement and finance departments of your organization are two sides of the same coin. This is especially true in the context of the purchase-to-pay (P2P) process. Yet despite that, in most cases the two departments don’t seem to c...

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By Kevin Frechette
Jun. 14, 2018, 6:45 AM
Benefits of Procurement Automation Benefits of Procurement Automation

How Procurement Automation Can Benefit Your Business With the rapid development of new technologies in the last decade, businesses in various fields have taken steps to implement process automation systems into their daily operations. Pr...

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By Kevin Frechette
Jun. 7, 2018, 5:20 AM
3 Indirect Procurement Challenges 3 Indirect Procurement Challenges

Despite keeping costs under control, many companies fail to achieve their desired level of profitability. This can happen because procurement departments are unaware of just how important indirect procurement is for running a profitable ...

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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?
Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
Request a Demo
By Kevin Frechette
May. 31, 2018, 8:40 AM
New Processes Needed New Processes Needed

For many years, the internal processes for making purchases were fairly straightforward. An employee created a purchase form which was submitted to the procurement team and finance department. After receiving approval they could purchase...

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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?

Experience the power of Automated RFQs, Reverse Auctions and Automatic Vendor Selection. Request your personalized demo today.
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