Fairmarkit announced Total Agentic Sourcing, what is said to be the first platform to deploy AI agents that can autonomously source both tail and strategic spend, from a tactical $500 purchase to a $500 million contract, in the same environment.
Powering it is KIT, an intelligent assistant backed by a network of agents built for every sourcing workflow. The platform natively integrates with SAP Ariba, SAP S/4HANA, Coupa, Oracle, ServiceNow, and others.
“Enterprise AI is long on promises, short on proof,” says Kevin Frechette, co-founder and CEO of Fairmarkit. “Procurement is the exception. The CPOs who have deployed agentic sourcing at scale have the most credible AI story in the building — and now, the P&L to prove it.”
Key takeaways:
· KIT adapts to each organization's categories, policies, and buying rules, then executes across the full sourcing workflow. For routine purchases, KIT runs the entire process without human intervention. For complex strategic events, it accelerates the work while category managers make the calls on risk, relationships, and trade-offs.
· KIT has built-in memory, MCP support, and full observability. Native ERP and P2P integrations pick up requisitions, run the sourcing event, and write results back with no manual handoffs. The solution is already delivering tangible results across Fairmarkit’s partner ecosystem.
· Under the hood, KIT is backed by a network of specialized agents, each built to support distinct sourcing workflows:
Intake Agent - A conversational AI copilot captures and helps generate requirements via guided dialogue so requesters submit complete, actionable requests the first time.
RFx Agent - Auto-constructs the right tactical, strategic, complex, or auction event. Bundles similar RFQs and embeds compliance requirements into the event structure.
Supplier Agent - Matches against 2.7 million-plus suppliers using category fit and response probability scoring, with real-time diversity tracking across MWBE, WOSB, SDVOSB, and LGBTBE certifications. Monitors contract expirations and triggers competitive sourcing before auto-renewals.
Evaluation Agent - Provides role-based visibility controls and scenario modeling by cost or supplier mix, with real-time TCO calculations and a chat interface for interactive bid analysis.
Auto Compliance - Compliance rules auto-apply by category, region, and spend threshold. Full audit trail, explainable AI, SOC 2 Type 2 certified, zero LLM data retention.
