Strategic sourcing
We’re improving how you approach strategic sourcing, providing a more efficient, engaging, and effective way to create, manage, and evaluate your request for proposal events.
Request what you need
Go from intent to sourcing in minutes with KIT, our Gen AI intake tool.
Sourcing intake (beta)
As a requester, describe the goods and services that you need, and we'll help you capture the relevant information for your request, helping you to focus on the essential details, and then route your request to your buyer team.
See: Create a request
Sourcing inbox (beta)
Manage all incoming sourcing intake requests, send a message to a requester, and create Fairmarkit events from requests.
See: Sourcing inbox
New ways to create your events
You now have new ways to create your request for proposal events.
Fairmarkit templates powered by SIG
Select from a curated collection of templates created in collaboration with SIG to streamline creating your events.
See: Templates
AI Section suggestions
Describe your requirements, and let us generate a personalized list of sections to include on your event.
See: Create an event
Flat file integration
Import your events from your purchasing application using flat file integration.
See: Import requests for proposal (RFP) or information (RFI)
Build better events
Create questions that match your unique needs and adapt to suppliers’ responses, ensuring better responses and easier evaluation.
Event cover letters
Introduce suppliers to your events with expanded, formatted text (up to 50,000 characters). Provide essential information and invite suppliers to participate.
See: Request for proposal - available fields
Drop-down questions
Set your question responses, making it easier for suppliers to respond and you to analyze.
See: Drop-down questions
Conditional questions
Gather comprehensive information by creating conditional questions based on supplier responses.
Optional questions
Add optional questions that allow for flexibility for suppliers.
See: Add questions
Manage your events
Improved ways to organize and run your events.
Projects
Organized related events into projects for streamlined management. You can link request for quote (RFQ), request for proposal (RFP), request for information (RFI), and reverse auction events.
See: Projects
Multi-round events
As needed, you can run multiple rounds for an event. Once closed, you can add a new round, editing the available sections, questions, and invited suppliers. Changes between rounds are tracked in the event log.
See: Multi-round events (RFP & RFI)
Sealed bids
You can now choose to seal supplier responses until your event closes. You may need to contact [email protected] to turn on this feature.
See: Sealed bids
Collaborate on events
You can now invite users within your organization to help you create and edit your events. Depending on their permissions, they can also view and send messages to suppliers and help you evaluate supplier responses. You control their permissions, assigning view-only, edit, or evaluation access to specific events.
See: Manage collaborators
Evaluate and score an event
You and your team of evaluators can now enter scores on your request for proposal (RFP) and request for information (RFI) events, allowing you to make informed awarding decisions and keep a historical record of your decisions.
For your event, you can:
Set an evaluation period.
Set an evaluation weight for each section, and skip unnecessary sections.
Invite evaluators to your event or a section of your event.
Each Evaluator can:
Set a section score (1 Poor, 2 Fair, 3 Average, 4 Good, or 5 Excellent).
Decline to score a section.
Add comments to each section score.
At the end of the evaluation period, you can review the consolidated scorecard, which ranks supplier responses by score and highlights the highest-ranking supplier response in each section.
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