Large Language Models are speeding up spend data cleansing by over 90%, according to FRDM: A large Fortune 100 company with 70,000 direct suppliers can get their supply chain mapped up to tier three suppliers in days rather than months or even years. The tiers note degrees of separation from a vendor, with tier one presenting direct supplies while tier three suppliers are suppliers to direct suppliers.
Justin Dillon, CEO and founder of FRDM, a software company seeking to help manufacturers and vendors achieve ethical and transparent supply chains.child laborers in textile mills in Turkey"He was able to find these kids with phones who didn’t know any better and were just showing themselves sewing in shops," Dillon explained.
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