Fairmarkit RFQ

Supercharge Sourcing with AI-driven RFQ automation—slash costs and reduce cycle times

Our RFQ sourcing solution uses intelligent recommendations, preferred supplier groups, and a user-friendly interface to help you find the right suppliers, reduce costs, manage tactical spend, and shorten procurement timelines—all in one integrated system.

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Speed

Automate tasks like bundling events, inviting suppliers, & awarding bids to shave days off RFQs with AI recommendations.

Productivity

Boost productivity with our simple interface that streamlines RFQ creation, supplier collaboration, & final approvals.

Cost-savings

Cut costs & risks by diversifying suppliers with AI insights and marketplace integrations for cost-effective sourcing.

Here’s how it works

Product features

Accelerate your overall unmanaged sourcing cycle via automatically bundled similar RFQ events, sent requests, and awarded bids.

Rapidly connect with trusted partners by organizing suppliers based on categories or past relationships—ensuring preferred vendors receive targeted RFQs first.

Secure timely, competitive quotes and make data-driven award decisions with AI-driven analytics to classify suppliers as ‘high’, ‘medium’, or ‘low’ probability responders.

Keep stakeholders aligned and accelerate decision-making by inviting them to review, communicate, and approve RFQ details in one centralized location—all while maintaining a clear audit trail.

We’ll help you onboard and connect your existing suppliers into groups, making change management simple. Simplify vendor interactions with a single inbox for reviewing quotes, responses, and awarding bids—then seamlessly convert winning quotes into purchase orders to eliminate extra steps and potential errors.

"If we're talking about 10 total steps to go through this process, like how do we make that five steps, right? Fairmarkit, the great end user experience…it's really enabling us to provide that extra value and tell the great story of how we can get that Amazon-like experience"
Conor Murchison
Director of Strategic Sourcing

Power of partnership

Fairmarkit’s global partner network integrates a variety of organizations that help enterprise procurement teams modernize, digitize and automate their technology and source-to-pay processes.

See how we do it

Bidirectional integrations

Artificial Intelligence engine

Autonomous sourcing

Analytics Dashboard

Real-time data visibility, driven by integrations as well as activity & engagement on the Fairmarkit platform

Configurable automation for the source-to-award workflow, fed by the AI engine and buyer preferences

Processes metadata and trends from sourced events, supplier interactions, and aggregated insights from thousands of daily transactions on Fairmarkit

Standardized API connectors to leading ERP and P2P systems used by enterprise procurement teams

SOC 2 and ISO 27001 certified