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Graphite Systems: Vendor Analysis (Part 3) — Detailed Overview of the graphiteConnect Solution

Part 3 of this Spend Matters PRO Vendor Analysis focuses on Graphite Systems’ offering and gives a detailed overview of the graphiteConnect solution.

The focus of its solution, graphiteConnect, has mainly been on SIM, but it has also expanded into SRM and supplier risk management.

In Part 1, we discussed the company background and graphiteConnect’s strengths and weaknesses. In Part 2, we provided a company SWOT analysis and looked at the graphiteConnect competitors.

Now, let’s dive into a detailed overview of the graphiteConnect solution.

Graphite Systems: Vendor Analysis (Part 2) — SWOT and Competitors for its graphiteConnect solution

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For Part 2 of this Spend Matters PRO Vendor Analysis series, we will look at graphiteConnect's competitors in the supplier management solution market and we'll offer a SWOT analysis on the vendor, Graphite Systems.

The supplier management solution market is red hot, and there are new solutions popping up left, right and center. However, the market is fragmented, and most vendors have their unique take on what supplier management means.

Spend Matters has defined five core building blocks of supplier management — Supplier Information Management (SIM), Supplier Performance Management (SPM), Supplier Relationship Management (SRM), Supplier Risk Management, and Supplier Quality Management (SQM) — to give a framework on how to classify and compare vendors in this space.

Graphite Systems is a new vendor in this space that we introduced in Part 1. The focus of its solution, graphiteConnect, has mainly been on SIM, but it has also expanded into SRM and supplier risk management.

Let's take a look at graphiteConnect's competitors and the company's SWOT.

Graphite Systems: Vendor Analysis (Part 1) — Background of Company & graphiteConnect Solution, Strengths/Weaknesses, Tech Selection Tips 

The first part of this Spend Matters PRO Vendor Analysis looks at Graphite Systems’ background, offers an overview of its graphiteConnect solution and details graphiteConnect’s strengths and weaknesses. But Graphite Systems is part of a larger story.

Networks are nothing new in the procurement technology space. But the focus of most networks has so far been primarily on transactions — connecting trading partners in a many-to-many network to facilitate exchange of purchase orders and invoices. Now, most of these networks have expanded some, and many also include some supplier information, but that has typically been limited to the most basic information needed to support the transaction.

This is now changing with Graphite System’s entrance into the marketplace.

It is arguably the first supplier management vendor that is building its solution, graphiteConnect, on a network model where suppliers enter and maintain their information once and can share it with any and all buyers in the network.

Part 2 of this series will offer a company SWOT analysis and a look at Graphite System’s competitors. In Part 3, we will provide a detailed solution overview.