# Glossary of Terms

Fairmarkit is the intelligent sourcing platform that empowers organizations to more efficiently purchase the goods and services they need. By equipping procurement and supply-chain teams with automation and data, Fairmarkit promotes competitive bidding while reducing manual work within existing processes.

### Top Reads

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[savings](https://docs.fairmarkit.com/glossary/glossary/savings)
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[benchmark](https://docs.fairmarkit.com/glossary/glossary/benchmark)
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[event-actions](https://docs.fairmarkit.com/glossary/glossary/event-actions)
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[templates](https://docs.fairmarkit.com/glossary/glossary/templates)
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