Case Study: Cabot Corporation achieves 8% tail‑spend savings and centralized procurement visibility with Fairmarkit

Cabot challenges status quo in procurement with Fairmarkit

Cabot Corporation, a global specialty chemicals and performance materials company headquartered in Boston, sought to modernize procurement and tackle paper‑based, manual sourcing for tail spend to drive faster value across the business. To address this, Cabot engaged Fairmarkit and deployed the Fairmarkit solution to automate sourcing, centralize data, and augment procurement capabilities.

Fairmarkit implemented its platform and integrated it with multiple Cabot locations and systems in about a month, adding a centralized dashboard for transparency and analytics. The Fairmarkit solution helped Cabot shift from tactical buying to strategic procurement, sourcing over $2.1M through the platform and delivering measurable impact — an immediate ~8% savings on tail spend and 11% identified savings since inception — while improving supply‑chain continuity and efficiency.

Cabot Corporation

Ivan Skerl

Chief Digital & Information Officer