Company offers a one-stop procurement management solution on a central network that drives greater efficiency, visibility, and collaboration between buyer and supplier organizations.
We’re excited to announce that Graphite, a leading vendor of procurement management software, has been recognized in 2021 Gartner® Cool Vendors™ in Strategic Sourcing Technology Report.
According to Gartner, “Effectively managing suppliers specifically is pivotal to organizational success and resilience. This is especially true today as we face increasing market volatility with disruptions caused by uncertain political environments, emerging risks such as changing regulations, climate change impact and, most recently, the COVID-19 pandemic.” The report further states, “These Cool Vendors target the need for better and more collaborative supplier management with faster and better decision making across increasingly complex and ever-expanding supply chain networks and supplier ecosystems.”¹
In a fragmented supplier management market, Graphite is a one-stop solution that connects buyers and suppliers on a single network, enabling greater visibility, speed, and efficiency. A central platform allows for faster onboarding, while supporting secure risk management and information sharing throughout the procurement lifecycle. The Graphite solution is scalable and easy to implement. Organizations of all sizes and complexities can automate their supplier management capabilities without the need for additional internal resources.
“We consider our inclusion in the 2021 Gartner Cool Vendors in Strategic Sourcing Technology report a confirmation of our commitment to offer customers increased efficiency, transparency, and collaboration throughout the entire supplier lifecycle,” said Conrad Smith, Graphite CEO. “Procurement organizations around the world face increasing delays and extra work from fragmented systems and processes, a flood of incoming data, stricter regulations, and limited resources. Graphite is dedicated to helping our customers onboard and review supplier risk in a way that moves at the ‘speed of business,’ and delivers value rather than frustration.”
Gartner, “Cool Vendors™ for Strategic Sourcing Technology,”
William McNeill, Koray Kose, Micky Keck, Patrick Connaughton, November 11, 2021.
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