7 September 2021

The Vital Balance of Humans and Machines in Procurement

Sheldon Mydat, Founder and CEO of Suppeco, shares his insight on the importance of meeting both the human and machine needs in procurement practices…

Supply chains and supply chain management were the ‘hot topics’ back in the early 90s, as the world started to make leaps and bounds towards globalisation, but it soon died down as new, more exciting advancements in technology captivated the world’s consumers and businesses. After almost three decades of lurking in the shadows, supply chain and all of the factors under its umbrella are again in the limelight courtesy of COVID-19. When the pandemic started to cause product acquisition, and supermarkets started to lack stock, the world realised just how crucial supply chain management and, more importantly, procurement truly is to our everyday lives.

Naturally, in a world that is heavily impacted by digitisation on a daily basis, so too is the procurement process. Yet, it remains a notoriously human affair, with conversation and handshakes aplenty. Fortunately, Sheldon Mydat, Founder and CEO of Suppeco ─ a leading procurement/SRM software provider ─ dropped by to explain the importance of both technology and maintaining the human-touch throughout the procurement process, and how two seemingly contrarian factors can, in fact, do, work harmoniously for the betterment of the business.

We started by discussing Sheldon’s journey, to find out exactly why he founded Suppeco, and what role he believes the company will play in the coming years…