At Fairmarkit we believe that effective sourcing should not strain an organization’s time and money resources. We created a platform that sources bids from a large pool of suppliers in less time than sending a single email. Through a more effective sourcing platform, users see 6-12% in cost savings.
Using machine learning, the Fairmarkit platform allows our customers to better leverage their existing vendor database. Fairmarkit intelligently understands the right set of vendors that should be added to each 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 use outside vendors with the click of a button. We understand the value users can achieve through building a diverse and competitive supplier base.
Through effective sourcing using Fairmarkit, we put your data to work to receive 6-12% in cost savings, increase operational efficiencies by 30%, and gain the ability to re-allocate your team members to strategic initiatives.