AI-powered supplier recommendations | Fairmarkit

Smarter supplier matching with Fairmarkit

Reduce costs, uncover new suppliers, and make smarter, data-driven purchasing decisions in sourcing

Speed

Go beyond traditional confidence scores to work with responsive suppliers. By analyzing RFX details, procurement history, SKU information, and supplier performance data, Fairmarkit’s platform delivers supplier recommendations and ranks them by high, medium, and low for actionable insights.

Savings

Automated sourcing workflows, powerful analytics, and expanded supplier pools reduce manual work while boosting negotiated savings. Track procurement outcomes in one place and easily compare bids to maximize ROI.

Visibility

Ensure competitive advantages for supplier matching with Fairmarkit’s analytics, supplier trend reports, and centralized platform to monitor every aspect of procurement from demand to award.

Here’s how it works

It’s not just supplier matching

Intelligent supplier recommendations

Fairmarkit analyzes RFx details, procurement history and trends, manufacturer and SKU information, supplier metadata, and more to provide relevant supplier recommendations that are unique to every event.

Supplier insights

Fairmarkit Insights gives you essential information about suppliers, empowering you to make smarter procurement choices. Instead of using a traditional confidence score, Fairmarkit Insights shows you how likely a supplier is to bid on your request, classifying them as 'high', 'medium', or 'low'.

Marketplace

Tap into Fairmarkit’s extensive network of registered suppliers through an Amazon Business marketplace integration and/or our Fairmarkit Marketplace. When an RFx event is posted to our open marketplace, all suppliers—even those you haven’t directly invited—can submit bids. This fosters competition, uncovers new sourcing options, and ultimately drives cost savings.

Preferred suppliers

Curate frequently used supplier groups to accelerate the source-to-award process even further for repeat purchases, contracted spend, or compliance purposes.

"The adoption of the Fairmarkit tool has been a game-changer for our procurement department. We've seen a dramatic reduction in the PR to PO cycle time, from over 14 days to just around 3 days. This efficiency has allowed us to better manage our supplier relationships and make more informed decisions, ultimately benefiting the entire organization. The tool's advanced analytics and automation capabilities have empowered our team to work smarter, not harder, and have significantly improved our overall procurement performance.”

Kieran Dowd

VP Procurement at Emirates Flight Catering

Related resources

CPO Rising 2025: Navigating Global Uncertainty & Unlocking an AI-Driven Future

The New 80/20 Rule: Maximizing Procurement Impact with AI

Fairmarkit brought enhanced collaboration, visibility and standardization for Safariland's buyers