Case Study: Arauco achieves greater procurement efficiency and savings with Fairmarkit

Arauco cuts RFQ cycle times to 4–5 days with Fairmarkit

Arauco, a global manufacturer of wood products, faced procurement challenges due to semi-manual request-for-quotation (RFQ) processes. This lack of visibility and automation led to unmanaged MRO spend, missed savings opportunities, and an inability to enforce compliance. To address this, Arauco partnered with Fairmarkit and implemented its autonomous sourcing platform.

By using Fairmarkit's digital platform, Arauco centralized its sourcing, gained visibility into spending, and enforced compliance policies. The solution delivered significant results, including an 8.5% increase in awarded savings and an 11% increase in identified savings. Fairmarkit also helped Arauco achieve a four-day average cycle time and a 4x average annualized return on investment, transforming procurement into a strategic function.

Arauco