Fairmarkit moves sourcing activity out of email inboxes to streamline request management and create structured data.
View supplier bids and responses side-by-side to easily compare and award
Capture all responses from suppliers, even those received outside Fairmarkit, for a complete picture of a sourcing event
Search prior sourcing events and vendor responses to quickly reference historical purchasing activity
Integrate Fairmarkit directly with your existing enterprise resource planning (ERP) and procure-to-pay (P2P) platforms to effectively source while maintaining a seamless buying experience. Choose which requisitions you want to source through our platform and seamlessly send the data to Fairmarkit.
Fairmarkit's recommendation engine suggests approved vendors that can provide the requested goods or services. You can also see and add other non-registered vendors from the Fairmarkit vendor ecosystem. After reviewing vendors, submit your request, and Fairmarkit will handle soliciting and collecting bids.
Vendor responses are collected and automatically scored for review. Multiple item RFx events can be awarded to one or more vendors, and awarding in Fairmarkit can trigger Purchase Order processing in your ERP. All event data, including attachments, are retained for a full history of the sourcing event.
Over time, Fairmarkit clarifies which of your suppliers are active and competitive and which are less responsive or dormant, enabling you to rationalize your vendor pool. In addition to your own vendor base, you will have access to Fairmarkit's ecosystem of over 300k suppliers across key categories.
Improved productivity for supply chain and procurement departments
Stronger policy adherence while minimizing manual touches
Accessible and consistent sourcing event data
Instead of having everything spread throughout your email inbox, the platform centralizes all of your purchasing activity. You can see all your vendors, analyze vendor performance, and analyze all your pricing in one place.
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