Case Study: Sonoco accelerates sourcing and drives savings with Fairmarkit

Sonoco uses Fairmarkit to transform sourcing in Latin America

Sonoco, a global packaging company based in Hartsville, South Carolina, needed a better way to manage its decentralized procurement process in Latin America. Manual tactical sourcing relied on emails, phone calls, and disconnected handoffs between requesters, buyers, and suppliers, creating long cycle times, limited visibility, and compliance challenges. Sonoco turned to Fairmarkit and its Coupa integration to standardize purchasing workflows and improve sourcing efficiency.

Fairmarkit helped Sonoco automate RFQs within Coupa, centralize request handling, and streamline quote evaluation and award updates. The company went live in just two weeks, began sourcing over 100 requests per day in LATAM, and achieved its goal of 60 events in one day. With Fairmarkit, Sonoco reported 3.7x year-one ROI, 9% identified savings, and an average of 7 suppliers engaged per event, while also reducing cycle times, coding errors, and PO rework.

Sonoco

Liliana Jaramillo

Purchasing Manager