Fairmarkit

Fairmarkit is an autonomous sourcing platform that uses AI agents to run competitive sourcing events across enterprise spend, with a particular focus on tail spend that traditionally goes unsourced because it is too small or too time-consuming for strategic procurement teams to handle manually. The platform sits alongside an organization's ERP and procure-to-pay (P2P) systems, intercepting purchase requisitions, soliciting competitive bids from suppliers, and writing recommended suppliers and pricing back into the system of record so buyers can manage many more sourcing events without adding headcount.

The product is organized around a set of specialized agents coordinated by an assistant the company calls KIT. An Intake Agent captures requirements through guided dialogue and applies policy and compliance rules at the point of request; a Supplier Discovery Agent matches requests against a large supplier network and surfaces incumbents and renewals; an RFx Execution Agent builds and runs sourcing events ranging from simple RFQs to complex multi-line events; an Evaluation Agent scores and compares bids on cost, delivery, and other criteria; and a Performance & Compliance Agent tracks cycle times, savings, and policy adherence with audit-ready records. A dedicated supplier portal handles quoting and supplier-side communication.

Fairmarkit targets large enterprises and is used across industries including manufacturing, food and beverage, transportation, telecom, software, energy and utilities, retail, and business services. The company reports outcomes such as roughly 11% average identified savings and substantial reductions in sourcing cycle time, and cites enterprise customers including Boeing, BP, ServiceNow, Snowflake, Goodyear, and Walgreens. Pricing is enterprise and quote-based rather than publicly listed.