2022

December 15, 2022

Buyers

What's new

Share templates with team

When you create and share a template, you can now select if you'd like to share the template with your entire organization or your assigned team.

Reorder sections

When working on a request for information or request for proposal event, you can now reorder and reorganize your question sections.

Long attachment names

If an attachment file has a long file name, the name will be cropped, an ellipsis will display, and a tooltip with the full file name will be available. This change makes sure the screen is easy to read.

Fixes

When editing an opened request for proposal event, suppliers that you added are now shown on the Review page.

BEXP-647

When adding a service component to a request for proposal event, you can now add attachments and internal tags.

BEXP-677

In the Request for proposal - Requests list, opened invitations will now correctly display when the supplier has opened the event.

BEXP-772

When printing responses to a request for proposal event, items that the supplier marked as no bid will now be crossed out.

BEXP-890

The Award icon will no longer display for canceled requests for proposal events.

BEXP-894

While viewing a request for proposal event, users will view-only permissions will not be able to add or refresh supplier recommendations.

BEXP-1509

For request for proposal events, the Comment/attachment button in the More Info area now displays the correct icon.

BEXP-1790

Suppliers

What's new

Weekly Marketplace emails

To help you find additional opportunities, you will now receive a Marketplace email on Wednesdays outlining up to five potential, relevant events for you. You will only receive this email if you haven't been invited to an event during that week, and there are relevant events for you.

Note: If you don't wish to receive these emails, they can be disabled in your Fairmarkit email preferences.

Sign-up options

If you're not registered with Fairmarkit and respond that you won't send a response to an event, you will now be given the option to register with Fairmarkit for future opportunities.

See more events

If you select that you won't respond to an event, you will now have options to review your events list or visit the marketplace to review other events.


December 1, 2022

Buyers

What's new

Event-specific NDAs

You can now add event-specific NDAs to your request for proposal and request for information events. When creating your event, you can select the company-defined NDA or attach a custom NDA.

For more information, see Non-disclosure agreements (NDAs).

Template item limits

Fairmarkit will now prompt you if you exceed line item limits in your request for proposal event or individual sections of a template. You can add up to 3000 line items to the template and 100 line items per section. If you exceed 100 line items in a section, Fairmarkit will prompt you to create a new section for additional line items. Similarly, you can upload up to 3000 line items from Excel, and each section is limited to 100 line items. If you exceed 100 line items in an Excel section, a validation error is displayed. This update was released to improve performance.

Download scoring worksheet

If you attached a scoring worksheet to your request for proposal event, you can now download it from the Executive Summary page. This option is available from the Actions menu.

Request for information log

For request for information events, you can now view a history of actions, such as created, opened, or reviewed, taken on the event. The log summarizes the action, message, user, and date and time. For more information on viewing an event log, see View event details and history.

Fixes

When Split Award is turned off and single line item is awarded, only the specific cell is selected and awarded.

BEXP-287

On the Administration - Teams screen, all teams are now correctly displayed.

BEXP-1758

When Split Award is turned off, and an event is partially awarded, only items from already awarded suppliers should be allowed to be awarded.

BEXP-1805

Suppliers

What's new

View other users' event list

As an Admin, you can now easily toggle to see events assigned to all other users in your company from the Supplier Portal list page.

Marketplace enhancements

  • Alerts: You can now set up an email alert to notify you of relevant Marketplace opportunities. Alerts are sent based on conditions you set, including categories or customers.

  • Selection actions: When selecting categories or shipping regions, you can perform Select All or Clear actions.

  • Back button: If you go to an event page from the Marketplace on the Supplier Portal, there is now a back button that will take you back to the Marketplace list page.

Decline quote improvements

When you decline to quote on an event, your experience has been updated in the following ways:

  • Item out of stock: If you decline to quote with the "Item(s) out of stock" reason, you will now see contextual help to enable you to quote.

Fixes

Manufacturer and Manufacturer Part Number are now displayed correctly on the Marketplace list page.

SRP-1183

You will now see consistent titles if you change your Ship region during profile setup or on the Administration page.

SRP-2317


November 17, 2022

Buyers

What's new

Request for information events

When you need to gather information from potential suppliers about items and services, request for information (RFI) events in Fairmarkit help you compile information for your next project. On a request for information event, Fairmarkit walks you through the process of creating an event, adding questions, and inviting suppliers to submit information.

For information on creating an event, see Request for information (RFI).

Template enhancements

Added the following enhancements to Templates:

  • Done button: Added a Done button on the final page that will save your work and exit to the Templates list.

  • Autosave message: An auto-save message will now display when any page within a template is saved.

Supplier business classification search

When manually searching for suppliers, you can now search for suppliers with matching business classifications. Results will include suppliers with matching supplier.io or Fairmarkit fields.

Bid total calculation update

Updated the event Bid Total calculation to use the primary or alternative item prices correctly. The primary item is used for responses with both primary and alternative items, and the alternative item is used when a primary item isn't included. If using group items, the lowest-priced item is used.

Supplier Trends - Filter by Country

With the Supplier Trends standard dashboard, you can now filter by RFQ Country.

No Bid option removed for Offline Quotes

When entering an offline quote, the Decline Quote option and No Bid page will no longer be available. This change was done remove any validation issues arising from Buyers completing supplier actions and to prevent incorrect attribution of reasons.

Fairmarkit API - Events list

Added an endpoint that allows you to query for a list of all request for quote events. You can filter the list by a date range or event status.

Fixes

Typos on the request for proposal, request for quote, and email preferences screens have been corrected.

BEXP-402

Request for proposal event line items with a Yes/No UOM that suppliers have declined to respond to on will now display as an empty cell on the Details page.

BEXP-1037

Location and NDA values are now copied to cloned request for proposal events.

BEXP-1047

Any additional information a supplier adds on a line item will now be visible.

BEXP-1107

When adding an attachment to a request for proposal event, a message will display if the attachment is over 100 MB.

BEXP-1329

You can now create a new, blank event from the request for proposal edit page.

BEXP-1535

Suppliers

What's new

Request for information events

With the introduction of request for information events, buyers can invite you to an event, requesting information about your items and services for their potential projects. So you can easily find and respond to these events, the following updates have been made:

  • Request for information list: Added a request for information event list.

  • RFI label: Added a RFI label to request for information events.

  • New statuses: Available request for information event statuses are Review Now, Submitted, In Review, and Completed.

Payment Terms options

Updated and clarified the language used in the Payment Terms field on Administration/Onboarding flow.

Decline quote improvements

When you decline to quote on an event, your experience has been updated in the following ways:

  • Price not competitive: You can now provide a text-based reason. Additionally, you will see contextual suggestions on the Decline quote page.

  • Cannot sell in customer ship address/outside sales territory: You can now add or update your shipping regions to ensure you're only receiving relevant requests.

  • Need more information to quote: You can now provide the type of information needed.

Fixes

Line items with no response UOMs will no longer display a Price field.

SRP-1236

Updated the term Vendor to Supplier when exporting analytics to Excel.

SRP-1253

Quote numbers with letters and special characters can now be correctly exported to Excel.

SRP-1284

If you log out from the onboarding screen, your changes to the screen will saved before you are logged out.

SRP-1415

When accessing an event from the Wrong language? link an email, the Change language window will now display.

SRP-1593

The Back to Requests for Quote button now displays when you open a quote page from the RFQ list on the Suppliers portal.

SRP-2071

In the Marketplace, the Category filter is now labeled correctly.

SRP-2250


November 3, 2022

Buyers

What's new

Default request for proposal sections

When you create a request for proposal event, a Details section is created by default, and you can rename or delete the section as needed. Previously, there were mandatory header and detail sections. This update allows for greater flexibility in organizing your event in a way that makes sense to you. For each event, you'll just need to create at least one section and have one line item in each section.

Automated sending schedule

Previously, the automated sending schedule would run at a minimum every 30 minutes. Now, you can run the schedule as frequently as every 1 minute, allowing your automated events to send quicker.

Fixes

An email notification will now be sent when the Close Date is extended on an event and the Extend and Notify option is selected.

BEXP-222

In Messaging, the link to a request for proposal event is now redirecting correctly to the event.

BEXP-311

When changing the close date for a request for proposal event, you can now remove the set date and time in the Question due date, Question due time, and Planned purchase/project start date fields in the window.

BEXP-455

When entering a request for proposal event with multiple components, cleared comments on service group questions are now deleted when the field is cleared for the line item.

BEXP-548

On an opened request for proposal event, you can now edit the Benchmark value for a service group.

BEXP-554

When you select the Print action for a request for proposal event, the print window now displays.

BEXP-598

Buyers can now view archived request for proposal event logs.

BEXP-648

On request for quote events, the fields are now listed as Preferred Close date, Close time, Delivery Date, and Requester. For Reverse Auction events, the field will display as Auction start date, Auction start time, Auction end date, Auction end time, Preferred Delivery Date, and Requester.

BEXP-932

For service components on request for proposal events, you can now edit the Benchmark value for number-based UOMs.

BEXP-956

For request for proposal events, Attachments and Internal Tags are now enabled when the Item Description is not the first field entered for a line item.

BEXP-1488

When creating a request for proposal event from a template, if the template does not include sections, you can now add sections to your event.

BEXP-1533

Suppliers

What's new

Consolidated Closing Soon emails

Closing Soon emails remind you that your invited events are closing soon and pending response. Previously, you would receive one email per event. To reduce the number of emails, you will now receive one consolidated email per day for all of your invited events that are closing soon.

Decline quote improvements

When you decline to quote on an event, updated the experience in the following ways:

  • Updated reasons: To help reduce invitations to irrelevant bids, we have updated the available reasons on the "Decline Quote" page. In this new experience, some of the reasons will provide follow-up questions to capture additional relevant information.

  • Add shipping region: You can now add your supported shipping region if you decline to quote on an event due to the shipping region being outside your sales territory. For the decline quote reason, select "Cannot sell in customer ship address/ outside sales territory" and then update your shipping region.

  • Add Categories: You can now add the categories of goods and services if you don't carry a requested item. For the decline quote reason, select "Items not carried by our company" and then update the categories on your company profile.

  • Contact Fairmarkit Supplier Enablement team: Added a button that allows you to easily contact the Fairmarkit Supplier Enablement team directly with any questions.

Fixes

Unauthorized suppliers will now be directed to the login page instead of the login required page.


October 20, 2022

Buyers

What's new

Fairmarkit category suggestions

Fairmarkit now provides a list of predefined categories that you can add to your events. While working on a draft request for quote event, Fairmarkit can recommend categories for your event, and you can also manually add categories. By adding Fairmarkit categories, you can help to improve the quality of your supplier recommendations and help to standardize reporting for your events. For more information, see Fairmarkit categories.

Some additional changes were made to support this new feature:

  • Added a Fairmarkit categories area for category recommendations.

  • Moved the Category and Subcategory fields (for organization specific categories) to the Customer categories area.

  • Moved the Urgency field to the event header.

Suggested Bundling for large number of events

When a large number of draft events are available for bundling, all events will now be reviewed, ensuring that none will be missed.

Request for proposal template - Undo action

When you're working on a request for proposal template and delete an item, a message will now display, allowing you to undo your action.

Suppliers

What's new

Closing Soon email redesigned

The “Closing soon” email has been adjusted to only send if you have an request for quote event closing in the next 24 hours and you haven't responded.

  • Bid to Quote: Changed the term "bid" to "quote" to describe responding to request for quote events.

  • Email sender: The email will now be sent from [email protected], allowing you to respond directly to the Supplier Enablement team at Fairmarkit.

Request for proposal auto-save

When you're working on a request for proposal event, any information you enter will be auto-saved when you navigate between fields. While the event is still open, auto-save allows you to leave the event screen and return, knowing your entered proposal information is still available. We have also enhanced the user experience to notify you when the proposal is being saved. In addition, when you return back to the proposal page, a message displays the date and time you last saved. Once the event is closed but your proposal is not submitted, your saved information for the event is deleted.

Fixes

The Marketplace heading is now spelled correctly.
SRP-2218

Request for quote events will now default to the currency the buyer selected when creating the event.

SRP-2167

While responding to a request for proposal line item, you can enter a value, select No Bid, and then change back to Bid, and the initial value you entered is still available in the field.

SRP-627

When editing your Supplier Companies page - Edit Details, the NAICS values now display the correct remove option.

SRP-602

If you are not a registered Fairmarkit user, your email address is populated and cannot be edited when you go to the Register screen from the Bid, Access Denied, and Login required screens.

SRP-528


October 6, 2022

Buyers

What's new

Attach scoring worksheets

Now, when you award your request for proposal event, you can attach a scoring worksheet to help your track your decisions when reviewing proposals. After awarding, you can download and view your worksheet from the Executive Summary page. For more information, see Review and award a request for proposal event.

RFP Template enhancements

  • Metatags & Attachments: You can now add metatags and attachments to line items.

  • Industry & Location: You can now select associated industries and locations at the header level of your event when creating a template.

Moved Marketplaces

When creating a request for quote event, the marketplace options are now available in a Marketplaces section below Supplier invitations.

Suppliers

What's new

Portal Sign up message

Updated the message that displays after you completed a response to a request for quote event. If you are not a registered Fairmarkit user, you will now see a button to sign up for an account.

Marketplace Customer and Category filters

To see your relevant events, you can now filter event requests in the Marketplace by Customer and Category.

Fixes

Quote response can now be submitted when a past quote for a service or group service is applied to a service line item.
SRP-2013

Files uploaded to the Catalog page can now be viewed by all of your organization's Admins.

SRP-1940

An invalid Certification Date can no longer be entered.

SRP-1645

A warning no longer displays when you open proposal questions exported to Microsoft Excel.

SRP-1448


September 22, 2022

Buyers

What's new

Supplier recommendations - negative index

Negative index incorporates negative feedback into the supplier recommendations. If you manually remove a supplier or an invited supplier responds that they don't carry an item or service, the supplier will be recommended less frequently or not at all for similar requests. This enhancement will improve your supplier recommendations and automated sending rate. For more information, see Supplier recommendations.

Suggest bundling for all draft request for quote events

Previously, draft events could only be suggested for bundling one time. Now, when you run Suggested Bundling, all draft request for quote events will be considered for bundling. This ensures that you're always receiving the most up-to-date bundling suggestions.

Request for proposal template enhancements

  • Import questions: If you need to add a lot of sections or questions to a request for proposal template, you can now import lines from Microsoft Excel to make the process faster. For more information, see Import questions from Excel.

  • Additional information: You can now add additional information, including UNSPSC, Comments, and Date Range, to your questions.

  • Item ordering: You can now change the order of questions on request for proposal templates.

Fixes

On request for quote events, the fields are now listed as Preferred Close date, Close time, Delivery Date, and Requester. For Reverse Auction events, the field will display as Auction start date, Auction start time, Auction end date, Auction end time, Preferred Delivery Date, and Requester.

Suppliers

What's new

Event invitations - negative index

Negative index incorporates negative feedback into the supplier recommendations for buyers. If you are invited to an event and respond that you don't carry the item or service, you will be recommended less frequently or not at all for similar events. This enhancement ensures that you're invited to fewer events that you can't quote on. And as Fairmarkit continues to learn, you'll be recommended for more relevant events.

Redesigned the Decline Quote page

If you decline to respond to a request for quote event, you will now see an improved Decline Quote page.

  • If you select Other as a reason, you can now enter up to 1000 characters describing why you declined to respond.

  • You can now contact Fairmarkit Support directly from the page to share feedback.

  • Removed the "Remove me from future requests" option.

Fixes


September 8, 2022

Buyers

What's new

Request for proposal autosave

When you make a change in a request for proposal event, your changes will now automatically save.

Request for proposal item limits

Fairmarkit will now prompt you if you exceed line item limits in your request for proposal event or individual sections of an event. You can add up to 3000 line items to the event and 100 line items per section. If you exceed 100 line items in a section, Fairmarkit will prompt you to create a new section for additional line items. Similarly, you can upload up to 3000 line items from Excel, and each section is limited to 100 line items. If you exceed 100 line items in an Excel section, additional line items are uploaded to a new section. This update was released to improve performance.

Request for proposal dashboard

If you are a request for proposal user, you can now access the RFP Overview dashboard as a standard dashboard.

Analytics performance improvements

Improved the performance of all standard dashboards.

Import linked requester (Flat file integration)

When importing a purchase requisition through Flat File integration, if the requester_email is a Requester user in Fairmarkit, they will automatically be linked when the request for quote event is created.

Fairmarkit API enhancements

Added the following enhancements to Fairmarkit API:

  • Categories: You can now retrieve a list of categories with a new GET endpoint (/api/v3/categories/). In addition, you can now add one or more categories (category_uuid) to a request for quote event.

    Important: With this update, you will need to update your PUT RFQ endpoint requests with categories for your events ("categories": ["<uuid1>", "<uuid2>"]) or with an empty categories list (categories = []). For more information, see the Fairmarkit developer portal .

  • Add attachments: You can now add event level or line level attachments to a request for quote event.

  • Retrieve attachments: You can now retrieve attachments from a request for quote event. This update includes attachments at the event, line, quote, and quote line levels.

  • Shipping addresses: You can now access shipping addresses for request for quote events. The address data includes address1, address2, city, state, zip, country, and preferred delivery date.

  • Quote number: When you pull a list of quotes on an event, it now includes the quote number (supplier_quote_reference). This addition updated the Quotation and CoreQuotation models.

  • Non-lowest bid award reason: For request for quote retrieve responses, added the non-lowest bid award reason (non_lowest_bid_awarding_reason). Additionally, added awarding_note. If the non_lowest_bid_awarding_reason is Other Reason, you can enter additional text to describe why you didn't award the lowest bid.

  • Logs: For each request to the API, the log file will now track the requesting Buyer Company.

  • Removed fm-line-item: Removed fm-line-item from the Purchase Orders - Request model.

Suppliers

What's new

New email invite format

Redesigned the email invitations you receive for request for quote events.

Bid Now tab

Added a Bid Now tab to your events. Your events list will now default to the Bid Now tab. In addition, your lists will also display sorted by the Close date, allowing you to find and respond to events that need your attention first.

Past quotes

For line items, updated the Suggested Price button and screen to be called Past Quotes. This feature allows you to view a list of all past quotes for an item and select one to use.


August 25, 2022

Buyers

What's new

Supplier Diversity report - new location

The Supplier Diversity report is a standard report available for all customers using diversity tags. You can now access the Supplier Diversity report from the main Reports section in Analytics. Previously, the report was available in the Custom reports section. The report functionality has not changed with this update.

Suppliers

What's new

Supplier onboarding

As an Admin user, you can now update your company information, including contacts, locations, certifications, and product and service offerings, from your supplier portal. By allowing you to maintain your company information without contacting support, you can help your customers discover more and receive invites to more relevant events.

  • Admin users: If you are the only registered Sales Rep in Fairmarkit or the most active responding to events, you will automatically be assigned as an Admin for your company.

  • Request to be Admin: If you are a registered Sale Rep in Fairmarkit, you can request Admin access from your supplier portal.

Fixes

If you try to access a request for quote event without signing in, you can now view the RFQ bid page or the login page.
SRP-1764

If you have access to Supplier Onboarding, you can now also review request for quote events.

SRP-1698


August 11, 2022

Buyers

What's new

Request for proposal templates

Users with Request for proposal (RFP) access will now be able to take advantage of event templates to help streamline and standardize event creation within their company. You can create templates for future RFPs from scratch or existing RFPs, share them within your organization, and use them to create events more efficiently. For more information, see Templates.

Search by supplier tag

Supplier tags used in recommendations will now be added to the tags filter in the manual supplier search area by default. Depending on your company's needs, these automatically applied tag search filters can be configured as removable or permanent.

Fixes

The Sealed bid option is now selected when enabled on a request for quote event in an open, draft, or pending status.
BEXP-920

The Sealed bid option is no longer available when editing a closed or awarded request for quote event.

BEXP-921


July 28, 2022

Buyers

What's new

New integration with SAP S/4HANA Cloud

The SAP S/4HANA Cloud integration enables you to leverage Fairmarkit alongside SAP S/4HANA Cloud to automate PR interrupts, bi-directional supplier sync, and return awarded quote information into SAP S/4HANA Cloud.

Search suppliers by multiple tags

When manually searching for suppliers to invite to your events, you will now be able to select multiple tag values to filter the supplier search list.

Tag display

If your company has tag values populated in Fairmarkit, they will display in alphabetical order in the key and value fields. This allows for easy selection on the internal line item tags field on the draft page.

Hide low-confidence recommendations

Customer-specific supplier recommendation confidence scores are now generally available. You may set configuration at the user or organization level to hide lower-confidence supplier recommendations automatically.

Supplier group recommendation rules

Added configurable rules so that certain supplier groups are automatically recommended based on event context (e.g. business unit, plant, category, tags).

Expanded data sync coverage

Expanded the coverage for recurring syncs of historical purchase order, invoice, and requisition data to support recommendation, analytics, and automation functionality based on most recent procurement activities.

Suppliers

What's new

Company catalog

From Administration - Catalogs, you can now upload your static catalog files to Fairmarkit. This allows you to add more information about your company, which will help you get better matches with customer events.

Company contacts

From Administration - Contacts, you can add and manage a list of company contacts.


July 14, 2022

Buyers

Fixes

You can now update an open request for quote that has attachments. Previously, a Patch Error 400 was displayed.

Suppliers

Fixes

If you respond to a request for a quote in the Marketplace, buyers will now receive your company information.


June 30, 2022

Buyers

Fixes

Requesters can now archive a bundled request for quote in draft status.

Suppliers

Fixes

The language in emails is now set based on your Country.
SRP-1234

When your RFQ is reassigned, your email invitation to an unauthorized supplier will now direct them to the login required page.

SRP-790

While entering a bid for an RFP line item, if you enter a value, select No Bid, and then change it back to Bid, the initial value you entered is still available in the field.

SRP-627

For the Shipping value, you can no longer enter a 0. Instead, select the Include option.

SRP-265


June 16, 2022

Buyers

What's new

Supplier confidence scores

Added supplier confidence scores to the UI for recommended suppliers. The confidence scores are calculated for supplier recommendations to indicate the calculated likeliness that the supplier will respond if invited to an event.

Improved supplier recommendation details

Improved the supplier recommendation highlights you see when you hover over a recommended supplier’s name on the draft page. These highlights will help you to understand why a supplier matched to a specific request and was recommended.

Fixes

When adding or removing suppliers on an event, the Invited tab counter will now automatically update.

Suppliers

What's new

Enhanced Company Info for Supplier Admins

The Company Info page (Administration > Company Info) has been enhanced to allow Supplier Admins to easily add or manage company information such as Company logo, Key Customers, and Company website.

Location page for Supplier Admins

Added a Locations page (Administration > Location) for Supplier Admins to add or manage company locations.

Fixes

For requests for proposal, if the Include option is not selected and a Shipping value is not entered, a required error now displays for the field when you try to submit the proposal.


June 2, 2022

Buyers

What's new

Convert UOMs on an RFP

To make it easier to send proposals in business-defined units of measure, suppliers can now convert the line item UOM to the measurement they use to sell their items. For ease of review, all responses will be standardized into the requested UOM.

Editable fields in open events

To ensure information is consistent on events, you cannot edit the following fields once you submit an event to suppliers (Open status).

  • Request for quotes: Title, RFQ ID, Shipping Address, Payment Process, Shipping Type, Notes to Supplier, Files to Supplier

  • Request for proposal: Shipping type

Supplier email change on open events

If you change the email of a supplier invited to any open requests, new invitation emails will be sent to the supplier for all open events they have been invited to.

Supplier recommendation refresh reminder

If you leave and return to a draft request for proposal, a banner will prompt you to refresh to ensure you have the latest supplier recommendations.

Fixes

If you close a request for quote and then reopen it the same day, a message will display if the selected Close Time is not at least three hours after you reopened the event.
BEXP-1098

When submitting a Reverse Auction, an error message will display if a Currency is not selected.

BEXP-1057

Suppliers

What's new

Redesigned Quote Page

A redesigned Request for Quotes page lets you quickly access information in a more structured design. Additional improvements include:

  • Terminology updates: Throughout the quote process, updated the term "bid" to "quote" or "request for quote" to more align with standard business terms.

  • Integrated items and services: Integrated line items with group items and group services.

  • Information dialogs: To make it easier for you to enter and review information on your quotes, added additional information, alternatives, and multiple quantities dialog boxes.

  • Group action button: Added an action button for group items and group services.

  • More info for groups: To make it easier to review your items, More Info is now available for sub-services in a group of services. This information will not display for sub-items within a group of items.

  • Currency search: Added search to the Currency field. If you change the currency, a tooltip is available to see the original currency.

  • Hide empty fields: Fields like Buyer Comments or Buyer Attachments are now hidden when they don't have a value.

  • Buyer attachments display: Up to two attachments will now display. A link will allow you to view more attachments.

  • Buyer comments length: Added a preview of the first 130 characters in a comment.

  • Alternative button: Now, you can add and manage alternative items. Alternatives display as a separate line item highlighted in orange.

  • Line item actions: From the actions button, you can now add an alternative, decline a quote, or view historical prices. You can use the more button to access additional actions.

Alternative items on RFP proposals

Added the ability to quote on alternatives for line items. Suppliers can add alternative items, and buyers can then review the alternative items on separate detail lines to ensure the item meets their needs. This process will work the same as quoting alternatives for Request for Quote alternative line items.

Convert UOM on an RFP

To make it easier to respond to requests for proposal, you can now convert the line item UOM to the measurement you use to sell the items. When the buyer reviews, they will see the proposal in their requested UOM.


May 19, 2022

Buyers

What's new

RFP alternate line items

Suppliers can now quote alternative items on RFP line items. On the RFP Details page, alternative items will display on a separate line with an alternative tag so it is clear that they are alternative items and can quickly be reviewed.

Additional improvements

  • Award configuration: Added a configuration option to allow customers to choose if they would like to award to not registered suppliers automatically or if they would like to restrict to registered suppliers only.

  • RFQ buyer-level automated bundles: Added the ability to configure automated bundles at the buyer level so that bundles are created by the assignee.

  • RFP draft export: Added capabilities to allow buyers to export line items from a draft RFP into Microsoft Excel.

Fixes

While in a draft RFQ, you can refresh the supplier recommendations without errors. BEXP-108

Suppliers

What's new

  • RFP alternate line items: Suppliers can now quote alternative items on RFP line items.

System

What's new

Translations

Removed native platform support for the following languages: Dutch, Hungarian, Polish, Portuguese, and Russian.

You can change languages and translate Fairmarkit in the following supported browsers:

As it pertains to translation of language in emails, refer to the details below based on the email client:

Additional improvements

  • Support menu: In the Support menu, added support hours and a link to release notes.


May 5, 2022

Buyers

What's new

Outliers are now flagged for outlier RFQs, RFPs, and quotes

RFQs, RFPs, and quotations flagged as outliers, which are excluded from reporting, are now identified with outlier tags. Quotations are automatically flagged as outliers when Fairmarkit determines a quotation represents savings of greater than 90%.

New Compliance UOM

A new Compliance UOM is available for Service Items and Service Subitems. Compliance UOM Interface Changes

Compliance UOM interface changes

A new Compliance UOM is available for Service Items and Service Subitems.

When the Compliance UOM is chosen by the buyer:

  • Benchmark is disabled

  • Quantity is disabled

When a Compliance UOM value is chosen by buyer, the supplier sees a drop-down menu with the following options:

  • Fully compliant

  • Partially compliant

  • Non-compliant

Buyers can import questions with a Compliance UOM type using the import via Excel functionality.

Suppliers can import responses to Compliance UOM types using the bid via Excel functionality.

Internal Part Numbers

Internal part numbers in RFPs now allow you to clearly indicate the specific internal part when requesting pricing. The Internal Part # field now appears in the following locations: RFP Draft page, Supplier bid page, RFP Details page, Excel import/export, print page, and PDF.

Fixes

The millimeter UOM is no longer misspelled.
BEXP-845

An issue that prevented publishing when the publish and close date were the same has been resolved.

BEXP-219

An issue that caused added line items to be corrupted while creating RFPs has been resolved.

BEXP-131

An issue that caused an error and process failure when refreshing suppliers in a draft RFQ has been resolved.

BEXP-108

When there are registered and non-registered instances of a supplier, the supplier will now only display once in supplier recommendations.

FUSE-2881

Suppliers

What's new

RFQ page improvements for suppliers

When submitting quotes, a redesigned Additional Info section now offers easier access to important information.

Fixes

Exported Excel documents with proposal questions are now opened without any warning.

SRP-788

Suppliers are now able to upload files of any size and format to the Attachment UOM field.

SRP-1019


April 21, 2022

Buyers

What's new

Suggested Bundling

Fairmarkit's intelligent bundling technology now allows buyers to consolidate appropriate RFQ candidates into bundles designed to be most attractive to suppliers and efficient for PO processing. For more information, see Bundle events.

Additional improvements

  • Reverse auction settings have been redesigned for ease of use. The former Reverse Auction check box at the bottom of the Add Request for Quote page is now a toggle switch located at the top of the page. The Reverse Auction Details text box has also been moved to the page header, adjacent to the associated reverse auction settings.

  • Reverse auctions now have preview periods so that selected suppliers can be notified of the event, see all item details, and know the start and end dates and times in advance. This allows suppliers to compile pricing and approvals needed to participate in reverse auction events.

  • The Fairmarkit Flat File template now supports item groups.

Fixes

Emails related to RFQ activities are no longer sent to suppliers who have been added to offline quotes.

BEXP-325

The shipping method fields are now autosaved when changes are applied to RFPs and/or when updated by clicking the Update button on the Preview page.

BEXP-642

Suppliers

What's new

RFQ page improvements for suppliers

The supplier experience has been improved with easier access to important information when submitting quotes, a more structured presentation, and revised nomenclature. Specific updates include:

  • Improved formatting of buyer, supplier, and request information, which has been moved to the page header.

  • A more prominent emergency request banner, which is now shown at the top of the page for emergency requests.

  • Updated terminology. The term "Quote" is now used instead of "Bid" throughout the page.

  • Other minor updates that improve the clarity and visual experience for suppliers.

Fixes

While submitting a quote, if Send Me a Confirmation Email When I Submit This Bid is checked, a confirmation email is now sent even when the Bid Confirmation Email toggle is off in Email Preferences.
SRP-179

Navigating to an antiquated RFQ or RFP quote page URL no longer results in unexpected Supplier Portal behavior and excessive errors beyond the standard 404 error.

SRP-877

An issue that could prevent suppliers from accessing the RFQ quote page has been resolved.

SRP-967

An issue that caused unauthorized suppliers to be directed to the login page rather than the login required page has been resolved.

SRP-1072

The missing lowest bid indicator on the RFQ quote page for reverse auctions has been restored

SRP-1106

Selecting the option “Wrong language? Please change it here” on the RFQ quote page now functions properly for non-registered suppliers.

SRP-1127


April 7, 2022

Buyers

`

What's new

Reverse Auctions

As a buyer trying to meet savings KPIs and keep within budgets, there sometimes isn't time to go through traditional methods of negotiating down prices with individual suppliers and thus money can be left on the table.

As a supplier, it's not always clear where you stand in the bidding process and how competitive your bid is.

Reverse auctions address both issues with more exposure to the marketplace for buyers and more transparency for suppliers.

More Information

For buyers, particularly for high-cost items or high-volume purchases, reverse auctions allow you to get better engagement from suppliers, which in turn can help maximum savings.

For suppliers, you don't always have the information to adjust as necessary to win the business. This can lead to potentially losing business that you may have otherwise had a chance to win. A reverse auction can deliver the transparency you need to optimize your bidding strategy to win more business.

Key functionality added to Fairmarkit in this release includes:

  • Customizable supplier-facing messaging

  • Configurable auction settings

  • Charting within the RFQ Details page to show quotation changes over time

If you are interested in learning more about reverse auction capability, please contact your Fairmarkit Customer Success Representative.

Fixes

The Currency field is now auto-saved when changes are applied to an RFP, or when the RFP is updated.

BEXP-729

Supplier.io business classification values now appear on the RFQ and RFP draft and details pages.

BEXP-686

Suppliers

What's new

  • The ability to upload POs associated with a supplier list has been added in order to provide a data set for the accurate recommendation of suppliers to the integrating buyer company.

  • The ability to upload POs associated with a supplier list has been added in order to provide a data set for the accurate recommendation of suppliers to the integrating buyer company.

  • Language in email notifications from Fairmarkit has been improved.Fairmarkit now suggests a price for items with historical bids for the same item to reduce the need for manual investigation and entry.

  • Language in email notifications from Fairmarkit has been improved.

Fixes

An issue preventing the ability to edit RFP details in submitted RFPs has been resolved.

SRP-274

The unit price of Free is now restored after choosing No Bid then Bid on an item whose unit price was initially Free.

SRP-443

When changing the unit price on the RFQ Bid page, the old value is now discarded and does not interfere with the value update.

SRP-457

Unpopulated required fields in RFPs are now highlighted with a red border and include the accompanying validation error. Subsequent inability to submit an RFP in these cases has been resolved.

SRP-607

The link within email invitations to RFPs older than thirty days no longer results in a 404 error.

SRP-758

An issue that prevented buyers from previewing the bid page for a reassigned RFQ has been resolved.

SRP-913

Errors that appeared when when changing supplier categories have been resolved. Changes to supplier groups and subgroups are now saved.

SRP-978

An issue that caused failure to invite suppliers to new open RFPs has been resolved.

SRP-991

Files larger than 2.5 MB can now be attached to UOM line items.

SRP-1019

An error while uploading an Excel file with completed question items has been resolved.

SRP-1023

An issue that caused failure to invite suppliers to new open RFPs has been resolved.

SRP-991


March 24, 2022

Buyers

What's new

RFQ closure email notifications now include additional automated awarding information

If your organization has enabled automated awarding, the automated award details now appear in RFQ closure email notifications. The additional details include items that have been auto awarded and those that have not.

For RFQs that include automated awarding, it is now easier to identify whether further action is required after RFQ closure.

The RFQ automated awarding email settings can be managed in Email Preferences.

Additional improvements

  • Improved tab consistency on the Request for Quotes page. The Opened tab in the Request for Quotes list now shows the partially-opened RFQs to the left of the slash (/), like the Awarded tab.

  • Improved automated awarding. When automatically awarding an item or service to a supplier without the lowest bid but suggested by Fairmarkit's automated award logic, you are no longer prompted to select a reason. The specific reason the automated award process awarded to the non-lowest bidder is available on the respective dashboard.

Fixes

User permissions are now checked to appropriately filter non-company-related supplier profiles.

BEXP-639

A cosmetic issue in PDFs exported from RFPs has been resolved.

BEXP-659

An error preventing import of purchase order .csv files has been resolved.

BEXP-627

When logged in as a Requester, on the RFQ Details page, the table cell border for supplier bids no longer disappears.

BEXP-750

Files attached to line items marked No Bid are no longer submitted to buyers.

BEXP-621

An issue that caused an extra copy of line items to be added while using Fairmarkit's Smart Bundling feature has been resolved.

BEXP-682

Automated award now functions properly for RFQs that have been reopened and include removed alternative items.

BEXP-746

Invalid bid page URLs are now handled more elegantly.

SRP-815

A potential integration error related to the submitted State value when importing RFQs has been resolved.

BEXP-631

Suppliers

Fixes

Invalid bid page URLs are now handled more elegantly.

SRP-815

Error "TypeError: Cannot read properties of null (reading '_lView')" when closing an RFP while editing has been resolved.

SRP-820

An issue that caused a 404 error when supplier admins attempted to update company info has been resolved.

SRP-845

The Submit button is no longer disabled when the Supplier attempts to submit an autosaved RFP, in some cases.

SRP-882

Autosave no longer attempts to save while required fields are not completed or when they contain invalid input, showing an unnecessary error message.

SRP-588

Multiple instances of the same supplier company have been consolidated into a singe instance per company.

SRP-696

Registered Supplier Profiles in Supplier Companies with no Admins are now notified that they can request an Admin role in order to manage their Company Profile in Fairmarkit.

SRP-750

An issue that could cause the search submit button to be disabled when it should be active has been resolved.

SRP-787

An error no longer results when attemptng to add a comment to an attachment in the More Info section of a service component in an RFP that has not yet been submitted.

SRP-799

Certain special characters are no longer interpreted incorrectly and shown as hex code in the email that is sent when a supplier Admin role is requested.

SRP-880

A validation error no longer appears when choosing to bid when the UOM value is set to 0%.

SRP-883

The Percent UOM field now accepts a value of "0".

SRP-884

Files attached to line items marked No Bid are no longer submitted to buyers

BEXP-621


March 10, 2022

Buyers

Fixes

An issue that could cause problems sending and checking the transaction status of email messages has been resolved.

BEXP-175

The Service Group UOM text value from the supplier bid is now shown to requester. A sentry error no longer appears.

BEXP-660

An issue that could cause the RFP Detail page to become unresponsive has been resolved.

BEXP-683

Supplier clarifications on draft RFQs are no longer available (as suppliers have not yet been selected or notified).

BEXP-491

RFPs with a UOM value other than "each" in group of services items can now be uploaded.

BEXP-675

Free line items are now shown to Requesters on the RFQ Details page.

BEXP-724

An issue that prevented Requesters from seeing bid values for sub-services on the RFQ Details page has been resolved.

BEXP-724

Suppliers

Fixes

An issue preventing "No Bid" from being selected for a date or date ranges in Service Groups with certain UOMs has been resolved.

SRP-833

A validation error no longer incorrectly appears when submitting an updated bid to a non-awarded item in an RFQ that includes other items that have been awarded.

SRP-847

An issue that caused missing parent company details on the Profile page has been resolved.

SRP-842

An issue preventing "No Bid" from being selected for Service Groups with certain UOMs has been resolved.

SRP-849

The "Supplier Company Name" line is no longer missing in the Admin Role Request email content.

SRP-854

An issue preventing "No Bid" from being selected for a date or date ranges in Service Groups with certain UOMs has been resolved.

SRP-831

An issue preventing "No Bid" from being selected for a date or date ranges in Service Groups with certain UOMs has been resolved.

SRP-831


March 3, 2022

Suppliers

Fixes

An issue that could cause invalid Excel spreadsheets exported from RFPs has been resolved.

SRP-855


February 28, 2022

Buyers

Fixes

The service group text UOM text value from the supplier bid is now shown.

BEXP-660

Performance of proposal items has been improved.

BEXP-670

An issue that caused error "RangeError: Maximum call stack size exceeded" when editing a bid proposal after submission has been resolved.

SRP-838

Occurrences of error "TypeError: Object doesn't support property or method 'append'" when using old versions of Firefox have been resolved.

SRP-839

Suppliers

Fixes

An issue preventing RFPs with no UOM value in Groups of Services from being submitted with error “SUBITEMS: RFP QUESTION SUBITEM: This field is required.” has been resolved.

SRP-831

An issue that caused error "RangeError: Maximum call stack size exceeded" when editing a bid proposal after submission has been resolved.

SRP-838

Occurrences of error "TypeError: Object doesn't support property or method 'append'" when using old versions of Firefox have been resolved.

SRP-839


February 24, 2022

Buyers

What's new

Buyers can now partially award open RFQs

In order to respond quickly to urgent requests, buyers now have the ability to award individual line items on an open RFQ.

Additional improvements

  • Suppliers can now be sorted by status (active/inactive).

  • User experience improvements have been made to the Awarded tab.

  • The ability to deactivate categories has been implemented.

Fixes

Incorrect UOM options in RFQs and RFPs items and services have been corrected.

BEXP-29

An issue preventing "Each" UOM from being countable in certain cases has been resolved.

BEXP-614

Date/Date range/Text service UOM values that were missing are now shown on RFP details page.

BEXP-649

System UI icons and bars are no longer shown in exported PDF files.

BEXP-651

Suppliers

What's new

  • Quotation/proposal assignee management has been improved.

  • Quotation/proposal Assignee visibility has been improved.

  • An email notification is now delivered to the assignee when a quotation or proposal is assigned.

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