Case Study: Materion achieves tail spend savings with Fairmarkit

Materion is transforming its buyers' processes and culture with Fairmarkit

Materion, a global advanced materials company, wanted to improve internal processes and better manage significant tail spend across nearly 2,500 suppliers. With a small procurement team, buyers were spending too much time on manual quoting and sourcing tasks, making it difficult to prioritize spend efficiently.

Materion implemented Fairmarkit to automate nonstrategic purchasing and streamline sourcing workflows. With Fairmarkit, the team achieved more than 15% average savings, over $1,500 average savings per RFQ, and about $48K in average annual savings per buyer, while also saving nearly $150K across 100 sourcing events and improving buyer engagement and procurement culture.

Materion

Gaston Alvarado

Global Category Manager