Case Study: Global Manufacturing Leader achieves autonomous sourcing at scale with Fairmarkit

Global Manufacturing Leader cuts time to award by 55% with Fairmarkit

A global manufacturing leader in the industrial goods sector faced challenges scaling its procurement operations due to manual, decentralized processes. The company struggled with unmanaged tail spend, a lack of visibility, and inconsistent supplier collaboration, which hindered efficiency and compliance. They partnered with Fairmarkit to overhaul their sourcing process and implement an autonomous sourcing platform.

By implementing Fairmarkit's AI-driven platform, which integrated with their SAP system, the manufacturer automated its RFQ process. The solution resulted in a 55% reduction in time to award and over $15 million in savings. Fairmarkit enabled over 125,000 events to run with zero human intervention, granting the procurement team unprecedented scalability, efficiency, and strategic insights.