# Autonomous sourcing

Moving to autonomous sourcing can increase the speed and efficiency of the end-to-end event processing for your buying team. Autonomous sourcing automates your simple and repetitive high-volume, time-intensive tasks so you can focus on sourcing more complex, high-value strategic events. This shift increases the speed and efficiency of your team and reduces the effort you are spending on low-value tasks.

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**Important**: If you are interested in using autonomous sourcing, contact your Fairmarkit Customer Success Manager.
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### Benefits <a href="#benefits" id="benefits"></a>

* **Reduce cycle time**: By automating events, reduce your sourcing cycle times. With more time, you can focus your time on strategic and high-value transactions.
* **Achieve higher savings**: Find higher savings with bundled events awarded by your criteria.
* **Compliance and diversity**: Maintain compliance and diversity requirements by automatically sending your event to a variety of recommended suppliers, considering your diversity goals.

### Could autonomous sourcing help me? <a href="#couldautonomoussourcinghelpme" id="couldautonomoussourcinghelpme"></a>

If you're wondering if autonomous sourcing could benefit your team, review the following considerations to see if you're a good candidate:

**Business goals**

* Your buyers aren't focused enough on strategic requests.
* You have business goals related to SLA and reducing cycle time.
* Your low value transactions require manual intervention.
* A high number of your events are stuck in draft status.

**Processes**

* Buyer assignment roles are clearly defined.
* Your events have detailed, clear, and clean item descriptions.
* You have a significant number of high volume, low value request.

### Overview <a href="#overview" id="overview"></a>

With the Autonomous sourcing , you can choose to leverage one or more autonomous sourcing capabilities to benefit your business.

<figure><img src="https://1711751134-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F95QWDcOsKn95Me8sE2RP%2Fuploads%2FFpbw5h2G9sZmOVNH5GSW%2Fimage.png?alt=media&#x26;token=7dc18134-b581-4450-ac5b-26a6541a1d49" alt=""><figcaption></figcaption></figure>

<figure><img src="https://docs.fairmarkit.com/content/buyers/images/as_thumb_0_0.png" alt=""><figcaption></figcaption></figure>

* [Auto-bundling](https://docs.fairmarkit.com/buyers/autonomous-sourcing/auto-bundling): Auto-bundling helps to optimize savings on your request for quote events by combining events to create bundles.
* [Auto-sending](https://docs.fairmarkit.com/buyers/autonomous-sourcing/auto-sending): Based on a customizable schedule and recommendation criteria, Fairmarkit matches suppliers to your request for quote events and sends your events to suppliers for you. With auto-sending, you'll have more time to focus on more complex events, and together with auto-bundling , you can create attractive and efficient events for suppliers. You can select to award events for specific buyers or across your entire company.
* [Auto-awarding ](https://docs.fairmarkit.com/buyers/autonomous-sourcing/auto-awarding): Auto-awarding allows you to standardize and automate your awarding process for request for quote events. You can define your own rule-based, weighted criteria, and Fairmarkit will review supplier responses to your event and award the response that most closely matches your criteria. With auto-awarding, you'll save time and ensure you're consistently awarding the best response to meet your sourcing goals. You can select to award events for specific buyers or across your entire company.

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