Procurement Magazine May 2025 | Page 61

GRAPHITE CONNECT
THE MASLOW’ S HIERARCHY OF PROCUREMENT DISCIPLINES
Getting here is not possible without supplier automation
Design & strategy
Supplier management
Contract and negotiation leadership
Sourcing – Category expertise
Most companies are stuck here
Basic RFP administration and negotiations
Transaction management sophisticated, he continues:“ Anybody anywhere can put their badly spelled phishing attack into some AI tool and have it look like it was written by someone that came out of Stanford.”
Graphite’ s latest innovation in fraud prevention leverages the power of the network and shared suppliers – similar to how social networks naturally flag false information through collective oversight.
“ Imagine if I went and updated my LinkedIn tomorrow and said,‘ Hey, I got my MBA from Harvard.’ I don’ t imagine it would take longer than about 24 hours for people to throw up the red flag on me,” Conrad explains.
This community verification combines with technological safeguards to enhance security.
Graphite’ s buyers transact billions of dollars in payments annually based
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