Fairmarkit

Fairmarkit is a sourcing platform for procurement teams. It uses AI agents to run quotes and bids on purchases that buyers rarely have time to compete, often called tail spend.

The aim is to widen competition, cut manual steps and give category managers more room for strategy.

What Fairmarkit offers

• Autonomous sourcing — agents handle supplier selection, request publishing and awarding across the sourcing process.
• Tail spend management — brings small, one-off purchases into competitive bidding.
• Analytics and reporting — structured data on spend and performance reports on request.
• Compliance controls — rules such as supplier diversity and minimum bid counts are enforced automatically.
• Integrations — connects with major ERP and procure-to-pay systems, and offers an open API.

Who it works with

Enterprise procurement and supply-chain teams. Sectors mentioned include utilities, waste and electric, and large manufacturers.

Key facts

• Platform type: AI-agent sourcing software
• Integrations: ERP and P2P systems via open API