Procurement has long been considered a cornerstone of any organization’s operations, yet certain aspects have often been overlooked. One such area is tail spend – that last 20% of spend that comprises 80% of a company’s suppliers. It’s traditionally been viewed as too complex or too resource-intensive to manage strategically. However, in today’s rapidly evolving digital landscape, no stone can be left unturned in the pursuit of efficiency and strategic value.
That’s why Fairmarkit and SDI are excited to announce an innovative new service that promises to transform how organizations approach their tail spend: Fairmarkit Managed, Powered by SDI
A New Era of Tail Spend Management
Leveraging Fairmarkit’s cutting-edge sourcing automation technology and SDI’s unrivaled MRO management expertise, Fairmarkit Managed brings a new level of control and visibility to tail spend management. This service promises to deliver significant savings, minimize procurement chaos, and provide a low-risk, high-impact path to digital transformation in procurement.
The Power of Collaboration
The collaboration between Fairmarkit and SDI is a testament to the power of uniting tech and talent. By marrying intelligent technology with deep industry knowledge and experience, we’re able to deliver a service that is greater than the sum of its parts.
This partnership brings together two industry disruptors, each with a shared commitment to continuous innovation and supply chain improvement. The goal is clear: to help procurement evolve, to be more strategic, more efficient, and more future-ready.
Looking to the Future
Fairmarkit Managed is about more than just managing tail spend. It’s about reshaping the procurement process. It’s about offering a simple, low-risk way for organizations to start their journey towards autonomous sourcing. It’s about igniting a chain reaction of procurement progress, fueling procurement transformation jointly, and lighting the way to collaborative savings.
Stay tuned for more information on this exciting new service and how it can help your organization turn its tail spend from a challenge into a strategic advantage. And remember, when tech meets talent, procurement progress is inevitable.
Ready to start your procurement transformation?
Live Webinar August 9th, 2023 1pm ET
Accelerating Digital Transformation – The Power of Collaboration in Procurement
Hear from SDI CEO, Chris Moore, and Fairmarkit CEO, Kevin Frechette as they discuss the power of collaboration in procurement, real-world examples, and the benefits of Fairmarkit Managed. Following the webinar, there will be a short Q&A session for attendees. Register now.
Reshaping procurement starts here. Are you ready to join us on this exciting journey?
Join SDI and Fairmarkit at ProcureCon MRO for a happy hour at Topgolf Atlanta. Network and compete with fellow ProcureCon attendees in this exclusive golf experience. Space is limited, so register now to save your tee time for this VIP experience. Transportation to and from the event provided.