SupplyChain Magazine August 2020 | Page 56

PROCUREMENT / TECHNOLOGY

Omer Abdullah , Co-Founder of The Smart Cube , discusses how the future of procurement will be determined by humans and machines working harmoniously

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A s supply chains begin to adjust to the requirements of the post-lockdown world , many companies will be exploring the best ways to streamline their procurement models . Those who had previously hesitated in developing a digital transformation strategy will probably find themselves compelled to explore the technological advantages of blockchain , internet of things ( IoT ) assets , artificial intelligence ( AI ) software , cloud computing and more . However , whilst adopting these new technologies is the foundation for change , it is not the end of the road . Transforming procurement is an interconnected process involving both tech and the innovative utilisation of human talent . It is only by properly synthesising these two aspects that supply chains can be adequately reimagined .

AUGUST 2020