Compliance doesn’t just outline a set of rules, it allows businesses to focus on diversity, sustainability, and more. Previously, SDI lacked data transparency, making it difficult to know how many quotes their buyers were receiving, who was driving cost savings or where they were providing significant value. Fairmarkit created custom reporting that consolidates all sourcing information to provide transparency from the executive level down to the buyer level. Like SDI, Blue Cross Blue Shield had difficulty meeting bidding policies and ensuring strategic partners were remaining competitive. With Fairmarkit they outlined their compliance requirements and now Fairmarkit automatically follows their custom rule-based algorithm to send out only compliant events. Similarly, Fairmarkit’s diverse supplier base revolutionized Safariland’s competitive sourcing and mitigated risk. Safariland was able to expand their supply base and track results to participate in their company’s diversity and compliance initiatives, without manual work or overhauling processes.
new vendors identified from the marketplace
spend compliance
suppliers moved under managament
“Using the Fairmarkit tool has really allowed us to expand upon our supplier base, find new suppliers where we weren’t doing business before, and really mitigate some of our risk across the board for our non strategic items.”
Both Blue Cross Blue Shield and Safariland were able to expand and leverage their supplier base with Fairmarkit's Supplier Recommendations. Now, they report on the diversity of their suppliers, such as small businesses, female or minority owned businesses and more, to participate in their overall organizations diversity and compliance initiatives, all without adding headcount, additional work or overhauling full processes
"Fairmarkit enables us to leverage a solution to scan the marketplace and identify potentially new entrants to our supply chain. Even if we don’t switch the vendor, it gives us the chance to test our partnership with that existing vendor.”
Blue KC brings efficiency and compliance to procurement practices with Fairmarkit
Fairmarkit gave SDI the data and visibility necessary to deliver the most value to their customers
Fairmarkit brought enhanced collaboration, visibility and standardization for Safariland's buyers
new vendors identified from the marketplace
spend compliance
suppliers moved under managament
“Using the Fairmarkit tool has really allowed us to expand upon our supplier base, find new suppliers where we weren’t doing business before, and really mitigate some of our risk across the board for our non strategic items.”
Both Blue Cross Blue Shield and Safariland were able to expand and leverage their supplier base with Fairmarkit's Supplier Recommendations. Now, they report on the diversity of their suppliers, such as small businesses, female or minority owned businesses and more, to participate in their overall organizations diversity and compliance initiatives, all without adding headcount, additional work or overhauling full processes
“Using the Fairmarkit tool has really allowed us to expand upon our supplier base, find new suppliers where we weren’t doing business before, and really mitigate some of our risk across the board for our non strategic items.”
Blue KC brings efficiency and compliance to procurement practices with Fairmarkit
Fairmarkit gave SDI the data and visibility necessary to deliver the most value to their customers
Fairmarkit brought enhanced collaboration, visibility and standardization for Safariland's buyers