Blog

By Kevin Frechette
Aug. 16, 2018, 11:16 a.m.
Generate Value through the CPO-CIO Connection Generate Value through the CPO-CIO Connection
At first, digital transformation may sound like yet another buzzword making the rounds. However, it is actually a crucial process in the present-day business world. The need to modernize, digitalize, and automate various processes has be...
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By Kevin Frechette
July 21, 2018, 12:55 p.m.
Moving Towards Digital Procurement Moving Towards Digital Procurement
Moving Towards Digital Procurement We live in a digital age. When it comes to business, modern times and technologies have brought many new opportunities and challenges with them. Digitization of processes can be a tremendous boost to vi...
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By Kevin Frechette
July 20, 2018, 6:34 a.m.
Spot Buy Catalogs are Broken Spot Buy Catalogs are Broken
Given the breadth of products and supplier relationships that procurement is in charge of, strategic procurement is not always possible. Many companies either don’t have the time or the capabilities to make all procurement strategic. Con...
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and Automatic Vendor Selection. Request your personalized demo, today.
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By Kevin Frechette
July 11, 2018, 2:16 p.m.
BOSTON BUSINESS JOURNAL: This ‘tail spend’ startup saves the MBTA $100K per month
Each year, the MBTA makes about 15,000 purchases of orders worth less than $50,000 each. Policy rules dictate that for many of those purchases — for things like spray paint, steering shafts and cylinder breaks — the organization must col...
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By Kevin Frechette
June 27, 2018, 9:24 a.m.
Technology that Enables Procurement and Finance Technology that Enables Procurement and Finance
The procurement and finance departments of your organization are two sides of the same coin. This is especially true in the context of the purchase-to-pay (P2P) process. Yet despite that, in most cases the two departments don’t seem to c...
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By Kevin Frechette
June 14, 2018, 6:45 a.m.
Benefits of Procurement Automation Benefits of Procurement Automation
How Procurement Automation Can Benefit Your Business With the rapid development of new technologies in the last decade, businesses in various fields have taken steps to implement process automation systems into their daily operations. Pr...
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Ready to see how Fairmarkit can help increase your procurement team’s efficiency?
Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
Request a Demo
By Kevin Frechette
June 7, 2018, 5:20 a.m.
3 Indirect Procurement Challenges 3 Indirect Procurement Challenges
Despite keeping costs under control, many companies fail to achieve their desired level of profitability. This can happen because procurement departments are unaware of just how important indirect procurement is for running a profitable ...
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By Kevin Frechette
May 31, 2018, 8:40 a.m.
New Processes Needed New Processes Needed
For many years, the internal processes for making purchases were fairly straightforward. An employee created a purchase form which was submitted to the procurement team and finance department. After receiving approval they could purchase...
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By Kevin Frechette
May 15, 2018, 7:58 a.m.
The Digitization of the Public Sector The Digitization of the Public Sector
Over the past few years, cloud-based computing and storage have been known as ‘the next big thing’ for companies spanning across all industries. It stands to reason that adoption of said technology has been rapidly expanding. The ‘cloud’...
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Request a Demo

Ready to see how Fairmarkit can help increase your procurement team’s efficiency?
Experience the power of Automated RFQ’s, Reverse Auctions,
and Automatic Vendor Selection. Request your personalized demo, today.
Request a Demo
By Kevin Frechette
May 11, 2018, 9:07 a.m.
Leveraging Advanced Analytics in Procurement Leveraging Advanced Analytics in Procurement
Here at Fairmarkit, we understand the importance of data in making informed decisions. Insight into the needs and wants of customers are better understood through usage statistics. Data is especially important to the procurement field, s...
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