At Fairmarkit, we believe that effective sourcing should not strain your resources. Our platform sources bids from a large pool of suppliers in the time it takes to send a single email. Through Fairmarkit’s sourcing platform, our customers see 6-12% in cost savings.
Fairmarkit uses machine learning techniques to intelligently suggest vendors for every Request for Quote (RFQ) or Request for Service (RFS).
In cases where the existing vendor community is not driving competitive enough pricing, users can elect to invite outside vendors with the click of a button. We understand the value users can achieve by building a more diverse and competitive supplier base.
Fairmarkit puts your data to work. It takes information generated during the procurement cycle to help your people be more effective sourcers and supply chain managers. Our customers see increased operational efficiencies of up to 30%, allowing them to reassign their team members to strategic initiatives.