Cut cycle times. Boost visibility. Find savings. With Fairmarkit, you can finally get tail spend under control.
Want to cut procurement cycle times by up to 40%? Get rid of manual steps like supplier selection, RFQ publishing, and RFQ awarding in your source-to-award process.
Our customers save an average 10%. So can you. With more competition in your tail spend, you’ll get more bids and better pricing on one-off purchases—plus the upper hand when renegotiating contracts.
See what’s in your tail spend with structured data and analytics. And create performance reports whenever you need them.
Predictable, streamlined, and automated sourcing means always-on compliance and built-in transparency. Enforce supplier diversity and minimum bid policies—without the “per my last email” emails.
Fairmarkit customers automate tail spend sourcing to drive results that support their efficiency, digitalization, and cost savings initiatives.
~90% of requests receive a bid below the benchmark within 4 hours
Every RFx sourced through our platform receives, on average, at least 3 bids
Over 10% savings realized on purchases made through our marketplace
“Automation and the capture of data makes our platform infinitely smarter than any one person.”
“Fairmarkit’s machine learning approach to tail spend management was hugely compelling. We were impressed by the speed of implementation, particularly given that we integrated with multiple source systems.”
“When bringing Fairmarkit to BT Sourced, we set our sights on disrupting the way our organization and the whole industry thinks about sourcing”
“... Imagine what you can do when you automate more processes. This helps you start developing people. Not only do my savings grow, but the plants are happier, and the employees are happier.”
“We really have seen that hands-on, personal touch, from the Fairmarkit team. They help us get over any difficulties, are willing to take our suggestions and make immediate changes.”
Get started with the only tail spend management platform.