Global 100 companies are leveraging the power of our patented software to maximize their budget through increased competition and reduced manual effort on the requisition-to-award process.
"Rather than having my buyers send individual emails to suppliers, Fairmarkit enables them to quickly request a quote from 25 suppliers, all at the same time, and facilitate that bid process instantly."
Univision switched from a prominent BPO to Fairmarkit to improve visibility into nonstrategic spend. In addition to greater oversight, Univision has also realized over 15% in cost savings with Fairmarkit's artificial intelligence platform.
Materion has automated its nonstrategic purchasing using Fairmarkit in order to optimize tail spend management. With an average savings of $48k per buyer since implementing Fairmarkit, Materion’s buyers are transforming their buying processes and reinventing their procurement culture.
Over $180M has been awarded through our marketplace
Fairmarkit has processed over 300,000 bids from suppliers
We have processed over 25,000 RFPs and RFQs in under 2 years
Fairmarkit customers realize cost savings of over 15% and significant time savings on their source-to-award cycle time
Over $28M saved by buyers through our marketplace
~90% of requests receive a bid below the benchmark within 4 hours
~$2K average savings on requisitions sourced through Fairmarkit
"When you turn it on, it just works. We saw a one-month ROI."
