Product overview

Intelligently source the things you need

With Fairmarkit, every buying decision is a smart one.

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Procurement teams are pulled in so many directions at all points of the purchasing lifecycle. With attention and time devoted to strategic purchasing activities, teams have been unable to efficiently source more frequent, smaller purchases—until now. See how Fairmarkit can automate the sourcing process within your existing workflows.

Features

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Request management

Easily create RFxs, review vendor responses, and award bids—all in one place.

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Process automation

Touchless intake, streamlined vendor communication, and automatic bid collection minimize the burden of competitive sourcing.

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Vendor recommendations

Our recommendation engine automatically identifies the best vendors for your purchases.

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Spend analytics

Curated dashboards give you instant visibility into key spend and performance metrics.

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Integrations

Fairmarkit fits seamlessly within your existing workflows, automatically syncing data with your ERP or P2P systems.

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Transform your
source-to-award process

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Simply put, Fairmarkit gives your buyers superpowers. Let the platform do the heavy lifting to get more bids with less manual effort, so buyers are freed up to do more strategic work. The ease of use secures buy-in from your stakeholders.

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Structured data and a holistic view into spend means that you can easily identify opportunities for new strategic vendor relationships. Plus, your ability to readily see and report out on savings and spend will make your boss and business users happy.

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Risks are ever-present, but Fairmarkit helps mitigate them internally and externally. Predictable, streamlined, and automated sourcing processes mean always-on compliance and built-in transparency. Alternative vendors are readily available when supply chain disruptions occur.

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Our customers get more out of every purchase

Fairmarkit customers use our automated procurement platform to be more efficient while reaping the benefits of competitive sourcing.

90%

~90% of requests receive a bid below the benchmark within 4 hours

3+

Every RFx sourced through our platform receives, on average, at least 3 bids

10%

Over 10% savings realized on purchases made through our marketplace

With Fairmarkit’s AI-powered technology, our procurement department has been able to better focus on strategic initiatives and we have realized significant cost savings on nonstrategic purchases.

Joe Frederick
Director of Spend Management, ServiceNow

Ready to source intelligently?

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