Graphite Connect

75% of pharmaceutical procurement leaders report low confidence in their supplier data quality, leading to average onboarding delays of 28.5 days and heightened regulatory risk exposure. Is your team caught in the "Maturation Trap"? Schedule a custom benchmarking session to find out how your team stacks up against its industry peers.

Is your manual process frustrating and value-less? An advanced SLM solution preserves the supplier experience , onboard them quickly and easily, and allows them to self-track progress, ensuring they are paid on time.

Traditional, manual SLM processes create data gaps—a fraudster's dream. Learn how a holistic SLM solution can provide real-time risk insights, advanced data validation, and proactive protections against B2B fraud.

We're in the age of BYOA (Bring Your Own Agent). At DPW Amsterdam this year, I was blown away by how much the conversation has shifted in procurement and CoE circles. In June in NYC, it was all about the AI agents that could be purchased and applied to your work. In Amsterdam (JUST 4 months later), I heard from more and more teams leaning into this simple idea of building their own agents and instead focusing on clean, actionable data so they can realize the full benefit of their AI investments across the board. In fact, Ann Fleishell at OpenAI just said it well on stage at a conference -- "Clean, connected data is the fuel." There is simply too much friction for both humans and AI to confront when the data is bad. Playing around with ChatGPT's Atlas this week has only made me more bullish here - if agents can do the operating in your systems, the #1 most important thing you need to be focused on is creating a clean data foundation to build on top of - a source of truth that can be confidently acted upon. Luckily, Graphite Connect can help with that ;-) Ping me if you need the power of our network's patented data washing machine behind your procurement systems. (Oh, and Gartner agrees with me too!)

Here is a procurement disaster I see every day: You have a low-risk supplier—a quick speaker, a small marketing agency—and you make them wade through the same 100-questionnaire generic process as your most critical vendor. It’s insane! Your "common smart person" knows that onboarding for a low-risk vendor should be a 24- or 48-hour process (Get the banking info. Get the tax info. Pay the person!). Stop slowing down the business. If you aren't optimizing your onboarding process by risk level, you are actively impeding efficiency and forcing internal clients to look for ways around you. Time to fix that. Shoutout to Sarah Barnes-Humphrey and the Let's Talk Supply Chain team for having me on to talk about this crucial topic.

If you could unlock procurement benchmarks without paying an advisory group $50K a year, would you? We've launched a research arm of Graphite Connect to collect, analyze and share industry benchmarks on supplier onboarding, cycle times, performance management challenges, best practices and more. I'm kicking this off by reaching out to the procurement teams on LinkedIn with a quick ask: take our first survey (it takes about 5 minutes) and we'll share back to you a report on where you stand. The survey is here and I'd love to get your insights! https://lnkd.in/d-yvSgbN