Back

Innovation

Leading global companies don’t measure innovation on a single scale. They measure innovation in process improvements, in technological evolution, in communication and more. As part of the wholesome transformation, Cabot wanted to increase their procurement capabilities to provide value to the company and their customers faster. Fairmarkit’s ​​centralized dashboard allows Cabot to see the bigger picture, share knowledge and strategically manage their spend. Similarly, BT wanted to rapidly digitize their procurement systems, bring more spend under the management, and simplify the buying process. With Fairmarkit, their organization can now glean deep insights into their organization’s spend, increase visibility through reports and dashboards, and unify their global buying teams. For Refinitiv, they were tasked with the impossible: achieve aggressive savings targets while handling a higher volume of requests. With Fairmarkit they leveraged the intelligence of their organization with technology to automate more of the processes and offload manual efforts.

1

month implementation time

$22M

of new spend brought under management

50%

savings delivered

Adam Brown

Transforming and Digitizing Procurement

“At BT, we are committed to excellence in sourcing, which includes leveraging data and automation to reimagine our processes. Fairmarkit enhances our procurement function by automating tactical parts of the process and giving data insights into our activities, so our team can focus on driving maximum impact.”

Dashboards & Reporting

Fairmarkit’s ​​centralized dashboard is a crucial part of Cabot’s solution—especially with the organization’s desire to see the bigger picture, share knowledge, and improve processes across the enterprise. The procurement team is no longer being consumed by tactical activities and instead focusing on strategic analytics to unlock further potential value. Now, Fairmarkit allows Cabot to track the metrics that matter to them and their customers.

David Zullo

Vice President, Head of Global Sourcing

“Part of the value of Fairmarkit is that it is a different way to approach an age old problem... Refinitiv’s implementation & scale of the Fairmarkit solution has been fast and successful. We went live within a few weeks and with only a small amount of effort by our Sourcing Center of Excellence."
1

month implementation time

$22M

of new spend brought under management

50%

savings delivered

Adam Brown

Transforming and Digitizing Procurement

“At BT, we are committed to excellence in sourcing, which includes leveraging data and automation to reimagine our processes. Fairmarkit enhances our procurement function by automating tactical parts of the process and giving data insights into our activities, so our team can focus on driving maximum impact.”

Dashboards & Reporting

Fairmarkit’s ​​centralized dashboard is a crucial part of Cabot’s solution—especially with the organization’s desire to see the bigger picture, share knowledge, and improve processes across the enterprise. The procurement team is no longer being consumed by tactical activities and instead focusing on strategic analytics to unlock further potential value. Now, Fairmarkit allows Cabot to track the metrics that matter to them and their customers.

Adam Brown

Transforming and Digitizing Procurement

“At BT, we are committed to excellence in sourcing, which includes leveraging data and automation to reimagine our processes. Fairmarkit enhances our procurement function by automating tactical parts of the process and giving data insights into our activities, so our team can focus on driving maximum impact.”