Full-Time

VP of Product

Confirmed live in the last 24 hours

Fairmarkit

Fairmarkit

51-200 employees

Optimizes procurement process for tail spend

Enterprise Software
AI & Machine Learning

Senior, Expert

Remote in USA

Category
Product Management
Product
Required Skills
Product Management
Requirements
  • 7+ years of experience in Product Management or a related space. Some experience working with enterprise customers.
  • Strong business acumen. You excel at aligning product strategy and business goals and prioritizing based on cost/benefit. Your decisions are rooted in data whenever possible.
  • Strong experience with product analytic, A/B testing, hypothesis generation and validation.
  • Experience managing a team of product managers & designers.
  • A track record of keeping teams focused & accountable. You have experience with Customers and internal stakeholders pulling you in different directions and you can stay focused and patiently remind everyone of the core business objective(s).
  • Strong communication and collaboration skills. You can easily simplify complex and technical concepts and tell an exciting story. Accustomed to working directly with Enterprise Customers and users.
  • Experience excelling in a fast-paced startup. You have a bias for action and learning by launching.
  • Excellent communication, collaboration, and problem-solving skills.
  • Fluency in Product GTM strategies.
  • Passion for solving the problem in the most efficient and strategic way, open-minded about what this ideal end solution could look like.
Responsibilities
  • Take mission, vision, team, and customers feedback and be fully responsible for the product strategy
  • Collaborate efficiently and effectively with cross-functional teams (Sales, CS, Marketing, etc.) to drive Products to revenue and adoption.
  • Oversee a team of 6 and guide them toward effective and profitable product roadmaps
  • Drive and iterate on a long-term vision for Fairmarkit’s product future that is rooted in our differentiators & our strengths.
  • Assist with inspiring and sharing the product with prospects and customers in a targeted way to their needs.
  • Operate with humility and a growth mindset. You’re always looking to level up and help others do the same.

Fairmarkit improves the procurement process by focusing on "tail spend," which includes smaller purchases that can add up to significant costs. The company uses machine learning to streamline sourcing, vendor identification, and automate quoting, making the bid-to-buy process faster. Its software-as-a-service (SaaS) platform helps clients manage tail spend effectively, saving time and ensuring better pricing. Fairmarkit's goal is to help businesses reduce procurement cycle times and achieve cost savings.

Company Stage

Series C

Total Funding

$74.5M

Headquarters

Boston, Massachusetts

Founded

2017

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

-17%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in AI-driven procurement solutions boosts Fairmarkit's market potential.
  • Partnership with Amazon Business enhances procurement efficiency and supplier access.
  • Remote work trends increase demand for digital procurement solutions like Fairmarkit's.

What critics are saying

  • Competition from top performers like Bellwether and BirchStreet Systems may impact market share.
  • Amazon could develop competing solutions, leveraging its resources and customer base.
  • Rapid growth from Series C funding may lead to operational challenges if not managed.

What makes Fairmarkit unique

  • Fairmarkit automates tail spend management, a niche often overlooked by competitors.
  • The platform uses machine learning to streamline sourcing and vendor identification.
  • Fairmarkit's SaaS model offers advanced analytics and performance reporting for procurement teams.

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Benefits

Flexible working hours

Highest level of development and pure DevOps culture - top technology stack

Skilled and highly motivated teammates, passionate about technologies

Fast decision making process in a company and effective interaction between teams and departments

Possibility to improve the development process and bring your ideas, knowledge sharing between colleagues and teams

Latest MacOs work equipment (macbook)

100% salary sick leaves covering, 20 days of paid vacation

Referral program: we appreciate your recommendations and reward every successful hire

Professional trainings & courses, attendance of conferences & meetups are paid by Fairmarkit

Cute office with a cozy workplace, drinks and snacks