Fairmarkit

We don’t remember Ted Lasso being this passionate about sourcing in the show… 🎃 Watch Ted Lasso, aka Kevin Frechette, explain how Fairmarkit views the future of sourcing in this short clip from our “Incremental Progress in Procurement Using AI and GenAI” webinar last week. Want to see Victor Kushch as Wolverine? Access your free copy of the full webinar here: https://lnkd.in/efU8pK3S

Curious about AI resistance in procurement? Here are the top 5 reasons: 1️⃣ Fear of the Unknown: Resistance to New Technology 2️⃣ Lack of Understanding and Education: The Role of AI in Procurement 3️⃣ Ethical Decision-Making and Privacy: Procurement AI Concerns 4️⃣ Lack of Trust: AI Job Security Fears and the “Black Box” Problem 5️⃣ Organizational and Cultural Barriers: Leadership Challenges in AI Adoption Learn 5 strategies to overcome AI resistance in our latest blog post: https://lnkd.in/ectpd_Vi

We’re thrilled to share that Fairmarkit has been named the Autonomous Sourcing Solution of the Year by CIOReview! “This award is in recognition of Fairmarkit’s stellar reputation and trust among customers and industry peers, evident in the numerous nominations we received from our subscribers. Fairmarkit emerged as a Autonomous Sourcing Solutions of the Year 2024 after an exhaustive evaluation by an expert panel of C-level executives, industry thought leaders, and our editorial board” — CIOReview. Learn more: https://lnkd.in/e2pY2wdn

We’re super excited to share that Fairmarkit has once again been included on the ProcureTech100 list for 2024! This recognition is based on our innovation and the real-world impact created for global digital procurement teams. Selected through a rigorous, analytical process including review by over 80 global corporate procurement leaders, digital experts, and B2B investors, the 2024 ProcureTech100 represent the pioneers that are propelling digital procurement forward. Procurement challenges are complex, and require continual digital innovation and evolution to rise to changing customer, economic, and operational demands. We are proud to be recognized as a leader in this digital procurement. Learn more: https://lnkd.in/eQRuh2Jy

Happy #FairmarkitFriday to the #FairmarkitFam and beyond! This week, we’re celebrating David Santiago for all of his hard work behind the scenes on our incredible partnership with SAP, including his work at SAP Spend Connect Live last week, earning him much deserved Eagle of the Week honors! Congratulations David!

Erin McFarlane, VP of Operations, was featured in Supply & Demand Chain Executive for her article “How GenAI is Powering Competitive Sourcing Events for Retail Procurement Teams”! In the article, Erin explains how GenAI can be used by retail procurement teams to democratize sourcing, enable supplier diversity, and decrease risk. Learn more: https://lnkd.in/emB_A3bd

Join us in giving a warm welcome to the newest addition to the #FairmarkitFam! Siarhei Naseka, Senior Software Engineer We’re thrilled to have you join the team! 🦅

Last chance to register! Our upcoming webinar, “Incremental Progress in Procurement Using AI and GenAI,” is tomorrow, Wednesday, October 23rd, at 11:00am ET! Procurement is evolving, not through radical transformations, but driven by the practical application of AI and GenAI. Join Fairmarkit’s CEO, Kevin Frechette, and CTO, Victor Kushch, as they host a live, encore session of their Soar24 keynotes and share real-world insights on how incremental advancements in AI are reshaping procurement processes for better efficiency and smarter decision-making. Save your seat now: https://lnkd.in/emswKGiN

Fairmarkit’s fall event season is officially in the books! Last week, John Fleisher, Allison Yount, Tiago Melo, David Santiago, and Andrew Hanlon were in Las Vegas, Nevada for SAP Spend Connect Live. The event was highlighted by John’s speaking session with our good friend 🎗️ Orit Efrat from Micron Technology, “Incremental progress in procurement using AI and generative AI,” and the SAP North America ISBN Client Event at PopStroke Las Vegas! This Fall 2024 events season was a huge success for the Fairmarkit team and we can’t wait to get the chance to meet with more of you at our Spring 2025 events: https://lnkd.in/e64RJqmN

This week, we’d like to recognize an unsung hero, Annie Wood, who earned much deserved Eagle of the Week honors for her incredible work constantly innovating and improving Fairmarkit’s documentation! Congratulations Annie!