Case Study: Alcoa achieves faster, more transparent sourcing with Fairmarkit

Alcoa generates cost-savings and sourcing efficiency using Fairmarkit’s AI in a volatile market

Alcoa, a global leader in industrial metals and materials, wanted to digitize procurement to reduce complexity, improve decision-making, and support cost savings and supply resilience in a volatile aluminum market. To help achieve this, Alcoa turned to Fairmarkit and its autonomous sourcing solution to automate purchasing processes.

Fairmarkit deployed its autonomous sourcing solution across multiple locations in Brazil, the United States, and Canada in just four months, despite the December holiday period. The rollout reduced manual work for the buying team, increased transparency in award decisions, and delivered measurable impact including 8.7x year-one ROI, more than 10% identified cost savings and avoidance, and over 3,000 sourcing events.

Alcoa

Marcos Reis

Sr. Manager, Procurement Transformation and Governance