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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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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By Kevin Frechette
May. 15, 2018, 7:58 AM
The Digitization of the Public Sector The Digitization of the Public Sector

Over the past few years, cloud-based computing and storage have been known as ‘the next big thing’ for companies spanning across all industries. It stands to reason that adoption of said technology has been rapidly expanding. The ‘cloud’...

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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
May. 11, 2018, 9:07 AM
Leveraging Advanced Analytics in Procurement Leveraging Advanced Analytics in Procurement

Here at Fairmarkit, we understand the importance of data in making informed decisions. Insight into the needs and wants of customers are better understood through usage statistics. Data is especially important to the procurement field, s...

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By Kevin Frechette
Apr. 17, 2018, 7:03 PM
Addressing Tail Spend: The First Step Addressing Tail Spend: The First Step

Until recently, tail spend has generally been ignored by large, corporate procurement departments; assuming that it was not worth the time and investment. But it seems that in 2018 it is finally getting its time in the sun. Gartner, Spen...

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By Kevin Frechette
Mar. 16, 2018, 9:22 AM
Skills for Successful Leaders in Technology Skills for Successful Leaders in Technology

Great leaders excel in creating goals that are specific and compelling, to reach these goals they foster collaboration and innovation within their team. However, being a great leader isn’t one size fits all - each industry and department...

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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
Mar. 2, 2018, 12:24 PM
Solving the Procurement Communication Problem Solving the Procurement Communication Problem

The procurement department wasn’t created to be a communicator, it was created to be objective, analyze data and make decisions.But failure to communicate, can result in poor morale within the department, mistrust among vendors and negat...

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By Kevin Frechette
Feb. 22, 2018, 5:17 PM
The Case for Tail Spend Management The Case for Tail Spend Management

If you check out our blog often, you know that at Fairmarkit we think that tail spend management matters We feel so strongly about it because our team has been able to help quantify the tail spend problem by reviewing client data sets to...

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By Kevin Frechette
Feb. 13, 2018, 2:45 PM
High Performance Procurement: 3 Questions for Procurement Leaders High Performance Procurement: 3 Questions for Procurement Leaders

Are you focusing on strategy or transactions? Regardless of internal department, it’s easy to get caught up in the day-to-day tasks, and in procurement that often means managing transactions.Procurement leaders who are able to take a ste...

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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
Feb. 1, 2018, 4:08 PM
Supplier Diversity Programs: Doing Well by Doing Good Supplier Diversity Programs: Doing Well by Doing Good

There is a reason why the smart folks at Coca-Cola, Starbucks, and Harvard have created Supplier Diversity programs, joining their public entity counterparts, which are federally mandated to do so. Supporting local, diverse, and disadvan...

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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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