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How Sonoco uses Fairmarkit

3.7x

“3.7x year one ROI”

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

What happened

Sonoco's Latin America procurement team uses Fairmarkit, integrated with Coupa, to run RFQs for tactical sourcing. Requesters enter items in Coupa, events route to Fairmarkit for quoting, and awarded quote details are written back to the requisition.

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

  • 9%“9% identified savings”
  • 7“7 suppliers engaged per event on average”

Sonoco’s appetite for innovation resulted in a record implementation. With the ambitious Fairmarkit integration team, Sonoco was live in two weeks.

From the page. fairmarkit.com, 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: 3.7xCheckedPrinted word for word on the page, near the name of Sonoco.
  • The passage quoted aboveCheckedCopied word for word from the page, near the name of Sonoco.
  • Sonoco 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