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Cost Savings

Business leaders know that cost savings come in various forms; realized savings, cost avoidance, time, FTEs and even compliance. Atlantic Methanol, Materion and the MBTA came to Fairmarkit to help identify, simplify and save on their tail spend. With limited headcount and bandwidth, the identification of new and relevant suppliers was impossible. Fairmarkit now automatically suggests suppliers for Atlantic Methanol’s requests which refocuses them on higher value, more strategic tasks. For Materion’s buying teams, Fairmarkit was able to transform their processes through data visualization - helping Materion to understand their spend and take actionable steps to optimize and improve. Beyond leveraging data to negotiate better quotes, competitive sourcing and digitized operations allows enterprise companies to save money more efficiently. For the MBTA, their procurement process utilized outdated methods to manage their spending. Fairmarkit revolutionized the bidding process for the MBTA, changing the sourcing process from manual to an automated system.

15%

average savings

$100k

average monthly savings

6

weeks to ROI

Fulden Sener

Vice President, Transformation

“With Fairmarkit’s solution we could identify the savings opportunity much better and when we are looking at our usage, we have delivered savings of double digitals all the way up to 50% savings.”

Autonomous Sourcing

The Fairmarkit platform is configured to achieve greater competitive sourcing without more time and resources needed from buyers. AMPCO’s buyers can now quickly pull supplier groups by category and then let Fairmarkit automatically send the invitation via configurable criterias to reduce email traffic and workload.

Nick Easley

Chief Transformation Officer

“Fairmarkit gives our buyers the tools they need to make responsible, informed decisions, based on a detailed history of purchasing information...I paid for the system in the first month, just with that functionality of making a public platform that stores how much people are quoting or bidding on my system is worth its weight in gold.”
15%

average savings

$100k

average monthly savings

6

weeks to ROI

Fulden Sener

Vice President, Transformation

“With Fairmarkit’s solution we could identify the savings opportunity much better and when we are looking at our usage, we have delivered savings of double digitals all the way up to 50% savings.”

Autonomous Sourcing

The Fairmarkit platform is configured to achieve greater competitive sourcing without more time and resources needed from buyers. AMPCO’s buyers can now quickly pull supplier groups by category and then let Fairmarkit automatically send the invitation via configurable criterias to reduce email traffic and workload.

Fulden Sener

Vice President, Transformation

“With Fairmarkit’s solution we could identify the savings opportunity much better and when we are looking at our usage, we have delivered savings of double digitals all the way up to 50% savings.”