By Kevin Frechette
Jan. 10, 2018, 10:37 AM
A Faster Horse: Artificial Intelligence A Faster Horse: Artificial Intelligence

Innovations that Disrupt In the past century or so, the United States has experienced the power of innovation that disrupts the economy and American way of life. Some inventions were created out of necessity (air conditioning, the teleph...

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By Kevin Frechette
Dec. 14, 2017, 3:39 PM
Ingredients for Innovation in Procurement Ingredients for Innovation in Procurement

As we approach 2018, technological innovation in all industries is inevitable and when organizations fail to embrace new technologies and models they run the risk of falling behind the competition. By jeopardizing their competitiveness t...

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By Kevin Frechette
Dec. 5, 2017, 10:17 PM
Why Tail Spend Matters: My First Nine Months as CEO Why Tail Spend Matters: My First Nine Months as CEO

As I think back on my first 9 months as Fairmarkit CEO, I am reminded of the idiom “the devil is in the detail.” But why are we having a ‘tail spend,’ devil is in the detail discussion?

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By Kevin Frechette
Nov. 9, 2017, 1:24 PM
Combating Debt: 3 Things The Public Sector Can Learn From Private Organizations Combating Debt: 3 Things The Public Sector Can Learn From Private Organizations

The national debt, which has grown to almost $20 trillion in recent years, has been a topic of conversation for decades. What many Americans aren’t aware of is the looming debt crisis with many state and local governments. In 2013, the C...

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By Kevin Frechette
Nov. 2, 2017, 3:48 PM
Year-End Procurement Trends Year-End Procurement Trends

As we near the end of 2017 there are a couple of procurement trends that have stood out above the rest. What’s obvious is that technology is changing the way IT professionals do business and it will continue to in 2018. So, what advanced...

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By Kevin Frechette
Oct. 26, 2017, 1:22 PM
5 Things You Should Know About eSourcing 5 Things You Should Know About eSourcing

In the past, the most crucial skill a procurement officer had was the competence to negotiate price and the terms of a contract. Once negotiations were concluded and the contract was signed, the job was done. Currently, the job isn’t so ...

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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.
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By Kevin Frechette
Oct. 11, 2017, 2:05 PM
3 Ways To Drive Value Through Procurement 3 Ways To Drive Value Through Procurement

The procurement function is rapidly evolving, gone are the days of tunnel vision focused on driving down costs and executing contracts. At Fairmarkit we are looking beyond the spreadsheet, here are 3 ways to drive value as a world-class ...

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By Kevin Frechette
Oct. 3, 2017, 2:27 PM
What Is Tail Spend And How Can We Manage It? What Is Tail Spend And How Can We Manage It?

Tail spend, a concept that is acknowledged in procurement departments but rarely addressed, is finally getting its time in the spotlight. Tail spend is software, professional services and business purchases that are outside the typical l...

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By Kevin Frechette
Sep. 26, 2017, 3:44 PM
The Importance of Data-Driven Decisions for Tail Spend Management The Importance of Data-Driven Decisions for Tail Spend Management

Data is the new oil. It is among the world’s most valuable commodities, and it increasingly shapes the world order....

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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.
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By Kevin Frechette
Sep. 19, 2017, 1:49 PM
The Procurement – ROI Relationship The Procurement – ROI Relationship
So let’s talk about Return on Investment (ROI)...but before we scare off all the non-finance majors reading, we want to note that when we talk about ROI in the procurement context it is about the actual value of the procurement departmen...
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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?

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