Meet Fairmarkit

Autonomous sourcing
‍for all spend

Replace outdated sourcing methods with automation &
AI to source more, faster, and at scale

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Trusted by top enterprise sourcing teams

$40k

In savings per buyer per week so you can drive out costs at scale

3 min

Average sourcing time per event so you can manage more spend per FTE

90%

Of bids below the benchmark so you can source more competitively

An autonomous sourcing future

Procurement teams use Fairmarkit’s autonomous sourcing platform to engage business users early, automate repetitive spend, and build a strategic sourcing process that delights stakeholders and delivers results. From nascent procurement functions at high-growth businesses, to established Fortune 50 enterprises, Fairmarkit is how it gets done.

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Unlock team bandwidth

Liberate your teams from repetitive, manual tasks such as gathering demand, creating sourcing events, analyzing supplier responses, reporting on progress, spreadsheet-heavy workflows, and so much more. Simply put, Fairmarkit automates the grunt work and implements AI in ways that help you do more with less.

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Enable frictionless sourcing

Engage business users the moment they realize a need for goods or services. Provide a delightful digital experience with lightning fast cycle times. Invite cross-functional collaborators for strategic events. Gain a seat at the strategic table by exceeding cost-savings or ESG & diversity goals. Fairmarkit amplifies procurement impact. At scale.

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Gain data visibility

Make proactive and data-driven decisions to optimize sourcing on a continuous basis. Embedded dashboards provide a holistic snapshot of team performance, event analytics, spend & savings by segment, supplier utilization, and more.

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Integrate seamlessly

Realize ROI in record time with a rapid implementation process that requires minimal IT resources. Fairmarkit is enterprise-ready with ISO 27001 and SOC2 certifications, and bi-directional integrations for SAP Ariba, S4Hana, Coupa, SAP ECC, Oracle and more.

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“At bp, it was one of our first significant digital platforms, and it is disrupting the way that we work within procurement; it’s actually made people stand up and realize that we can do things differently. As a team, we’re inspired to go out and look for the next Fairmarkit - to disrupt other manual processes.”

Nicholas Wright

Director, Digital and Innovation

“At our fingertips we now have a wealth of knowledge—how long it takes when buyers send out RFQs, when companies are responding and how long it takes to complete a purchase; this knowledge vastly improves the procurement process and provides us with the ability to use that information strategically.”

Duncan Macfarlane

Director of Strategic Sourcing and Procurement

“Refinitiv’s implementation & scale of the Fairmarkit solution has been fast and successful. We went live within a few weeks and with only a small amount of effort by our team. We achieved our ROI target within the first six months and delivered real savings on our tail spend at multiple times cost.”

David Zullo

Vice President, Head of Global Sourcing