Skip to main content
usedby

75%

“75% Reduction in Cycle Times: The average procurement cycle went from 5-7 days to just 1-2 days.”

As published on fairmarkit.com. Captured by usedby on Oct 7, 2026.

What happened

G42's procurement team uses Fairmarkit to automate sourcing, including creating purchase requisitions, sourcing suppliers, collecting bids and awarding contracts. Requesters can start a purchase by taking a mobile photo of an item, which lets the buyers focus on supplier onboarding, compliance and policy work.

Summary written by usedby from the source page, in English. The figures are those of Fairmarkit and G42, not ours.

75% Reduction in Cycle Times: The average procurement cycle went from 5-7 days to just 1-2 days.

From the page. fairmarkit.com, captured Oct 7, 2026

To be able to use your mobile, take a picture of a random product that you’d need to procure... and wait and see the AI agent literally creating the PR for you, sourcing, going to market, getting bids and then giving you an award, is unparalleled.

Dr. Asif Ashraf, Vice President, Group Supply Chain, G42. Source, captured Oct 7, 2026

What the story claims, and what we checked

We compared the story with its live page on Oct 7, 2026.

  • The figure: 75%CheckedPrinted word for word on the page, near the name of G42.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of G42.
  • The numbers in our summaryCheckedEach one is printed on the page.
  • G42 uses FairmarkitCheckedConfirmed line. Latest check across sources: Oct 7, 2026.
  • The result itselfNot checkedWe quote it; we did not measure it.

Same company, same tool or same industry.

8.5%“8.5% in awarded savings”Arauco uses Fairmarkit. Another customer of Fairmarkit14%“They have 6% awarded savings with 14% identified (mostly in Equatorial New Guinea).”Atlantic Methanol uses Fairmarkit. Another customer of Fairmarkit$2,000“average savings of about $2,000 per RFQ”Blue Cross Blue Shield of Kansas City (BCBS KC) uses Fairmarkit. Another customer of Fairmarkit