KIT: The Next-Gen AI Ushering in a New Future for Procurement

From Request to Award—Faster, Smarter, Compliant

Our self-serve GenAI solution (KIT) empowers procurement teams to capture requests correctly from the start, intelligently route them based on company policies, and automatically generate SOWs and RFPs/RFQs.

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Speed

Stop the back and forth emails and unmanaged spend. Our AI-driven platform collects requirements directly from requesters and buyers and instantly turns them into actionable sourcing events—SOWs and RFx—in a matter of minutes, not weeks. Procurement gains visibility and requesters have a faster way to get to POs.

End-to-End Compliance

Mitigate risk and strengthen procurement visibility with KIT. Every request is built with compliance guardrails in place—including tracking approvals, supplier selections, and contract terms.

Innovative Stakeholder Experience

Never miss a deadline or waste time on bad negotiations from disjointed communications and information. Engage requesters up front with user-friendly self-serve tools powered by Generative AI, ensuring suppliers receive well-structured and complete requirements at the outset.

Here’s how it works

What Else Can KIT Do?

Accelerate your unmanaged sourcing cycle via automatically bundled RFQ events, sent requests, and awarded bids. Learn more about our autonomous sourcing capabilities today!

Make faster, informed decisions with AI analysis. KIT examines supplier responses to deliver real-time insights through an interactive chat interface and generates dynamic award scenarios.

Save 500+ hours a month and reduce risk with Intake, which structures your SOW, from scope to awarding, with company policies and procurement strategy automatically applied.

Accelerate all sourcing (competitive to repeat spend via trusted vendors) with KIT’s instant analyses. Weighted scoring, bidding rounds, and supplier insights drive faster, smarter decisions.

Secure best terms; save thousands of hours. Autonomous Negotiation covers supplier contracting—renewals, auctions, collaboration, sourcing—ensuring cost-effective, efficient cycles for all spend.

“Before Fairmarkit we had a very manual sourcing process and it took time and what that caused was frustration with our stakeholders. What Fairmarkit has allowed us to do is complete those requirements without the people there. So for example, we have taken our cycle time down by about half and what that means in real terms is our stakeholders get their work and their product and services about 50% quicker.”

Nicholas Wright

Digital and Innovation