Fairmarkit

““Without purchase data centralized, it can take a long time and a lot of manual effort to analyze data,” says Macfarlane. “We needed a more efficient way.””

““I’ve taken Fairmarkit and the service that it’s offered and I’m building a culture around it to take us into the next 10 years of the business cycle. The business world has grown very impartial, it is no longer person-to-person but business-to-business. So, if we can take that B2B culture BUT keep people engaged, it keeps people involved in the process,””

““If you found one quote for the year that hits your goal in March, imagine what you can do when you automate more processes. This helps you start developing people. And then your employees become more engaged, and this is a balloon of success. Not only do my savings grow, but the plants are happier, and the employees are happier. This is my big vision.””

“To be able to use your mobile, take a picture of a random product that you’d need to procure... and wait and see the AI agent literally creating the PR for you, sourcing, going to market, getting bids and then giving you an award, is unparalleled.”

“When we realized that Fairmarkit has already been winning in the sourcing procurement arena, we wanted to be a part of that…There’s absolutely nobody like Fairmarkit who were aligned from day one about what our vision was.”

“At bp, it was one of our first significant digital platforms, and it is disrupting the way that we work within procurement; it’s actually made people stand up and realize that we can do things differently. As a team and a company, we’re inspired to go out and look for the next Fairmarkit, whatever that may be, and be more aware and open to disrupting other manual processes.”

“The data that Fairmarkit has provided is really the key to the tool. We have never had data like it. DEI is really important to us in bp and it’s something we’re really passionate about within procurement. What we’ve been able to do is work with our category management organization using that data to figure out where we need to bring more diverse suppliers into the mix,”

“Before Fairmarkit we had a very manual sourcing process and it took time and what that caused was frustration with our stakeholders. What Fairmarkit has allowed us to do is complete those requirements without the people there. And for us that has been massive to unlocking the efficiency targets that were achieved through the platform and also the reduction in cycle. So for example, we have taken our cycle time down by about half and what that means in real terms is our stakeholders get their work and their product and services about 50% quicker.”

““I found that the number one benefit of working with Fairmarkit is the cost savings it delivers.””

““The technology that Fairmarkit brings in terms of the recommendation engine for sourcing has brought results in various areas, including IT hardware, MRO supplies, and other industrial supplies.””

““It was a quick implementation with very limited resources required on the part of our company in terms of our procurement professionals and our IT organization.””

““The COVID-19 pandemic has really impacted my purchasing team and greater supply chain team as a whole. We're located in Equatorial Guinea, West Africa. We’ve had to work with a much reduced staff to promote social distancing. Many of the workers didn't have internet at home and so we've been working with reduced staff for a long period of time.””

““We saw results being delivered that we could measure—number of projects, amount of spend, feedback from users. It gave us confidence.””

““We get our ROI every year within about six to eight weeks just on our savings. So, I’m paying for my software subscription within eight weeks.””

““Fairmarkit makes work easier, makes sourcing easier.””