by James Meads
Procurement software, or "Procuretech", is a game changer. A key enabler and driver of rapid change in the profession. Want to find out how to significantly improve your operational efficiency and enable more to be done with fewer resources? This show is for Procurement, Purchasing, Supply Chain and Finance professionals, as well as C-Suite executives. We showcase all the best new software and bring you the latest trends and thought leadership from both myself and other industry leaders. We'll show you how technology can drive a competitive advantage. Show notes and further info available at: https://procurementsoftware.site/podcast Follow us on LinkedIn https://www.linkedin.com/company/procsoft Connect with me at: https://linkedin.com/in/james-meads/ Book an intro call here: https://calendly.com/jamesmeads/30-minute-intro-call
Language
🇺🇲
Publishing Since
3/9/2020
Email Addresses
0 available
Phone Numbers
0 available
February 27, 2025
<p>In this episode of the Procurement Software Podcast, host James discusses the critical topic of cybersecurity in procurement with expert Jano Bermudes from CyXcel.</p><p>They explore the importance of cybersecurity in vendor selection, the regulatory landscape, and the necessary precautions organisations must take to protect their data.</p><p><br></p><h2>Cybersecurity 101: what to consider when Buying Software</h2><p><br></p><p>The conversation covers security questions procurement professionals should ask when evaluating software vendors, the importance of security certifications like ISO 27001 and SOC 2, and how companies—big and small—can mitigate cyber risks in their supply chains.</p><p><br></p><p>Jano shares insights into regulatory requirements such as GDPR and DORA, the complexities of supplier compliance, and the critical contract clauses buyers should insist on to protect their businesses.</p><p><br></p><p>Other topics covered include:</p><p><br></p><ol><li>How small businesses can enhance their cybersecurity approach</li><li>Common pitfalls in cloud software security assurances</li><li>Why due diligence and ongoing monitoring are essential</li><li>Negotiating limitation of liability clauses in contracts</li></ol><br/><p><br></p><h3>Timestamps:</h3><p><br></p><p>[00:48] Guest introduction: Jano Bermudes</p><p>[02:02] Key cybersecurity questions</p><p>[07:53] Important regulations & compliance</p><p>[11:44] Cloud security misconceptions</p><p>[14:29] Security certifications explained</p><p>[19:25] Due diligence importance</p><p>[24:16] Essential contract clauses</p><p>[30:00] Negotiating liability limits</p><p>[34:56] Where to learn more</p><p><br></p><p>And that wraps up another episode of The Procurement Software Podcast!</p><p><br></p><p>Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!</p><p><br></p><p>We'll be back at the same time next month, so see you there.</p><p><br></p><p>If you want to learn more about Procurement Software, check out the useful links below.</p><p> </p><h3>Stay in touch!</h3><p><br></p><ol><li>Connect with <a href="https://www.linkedin.com/in/jano-bermudes-cyxcel/" rel="noopener noreferrer" target="_blank">Jano Bermudes on LinkedIn</a></li><li>Check out <a href="https://www.cyxcel.com/" rel="noopener noreferrer" target="_blank">CyXcel</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-enterprise" rel="noopener noreferrer" target="_blank">Tech Map for Enterprise</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-mid-market-businesses" rel="noopener noreferrer" target="_blank">Tech Map for Mid-Market</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-smes" rel="noopener noreferrer" target="_blank">Tech Map for SMEs</a></li><li>Find your perfect procurement tech solution in our <a href="https://app.procurementsoftware.site/" rel="noopener noreferrer" target="_blank">Software Finder app</a></li><li>Sign up for the <a href="https://procurementsoftware.site/#stay-up-to-date" rel="noopener noreferrer" target="_blank">Procurement Software Newsletter</a></li><li><a href="https://calendly.com/jamesmeads/30-minute-intro-call" rel="noopener noreferrer" target="_blank">Book an Intro Call</a> and let’s talk all things Digital Procurement!</li><li><a href="https://linkedin.com/in/james-meads/" rel="noopener noreferrer" target="_blank">Connect with James on LinkedIn</a></li></ol><br/>
January 30, 2025
<p>Welcome back to The Procurement Software Podcast! We’re kicking off Series 6 with a shift to a monthly format and an emphasis on more guest episodes.</p><p>This week, host James Meads welcomes back Sheldon Mydat, founder and CEO of Suppeco, marking his third appearance on the show. Together, they dive deep into the transformative potential of generative AI in SRM and how it’s revolutionising the way procurement professionals handle unstructured and qualitative, rather than quantitative data.</p><p><br></p><p>This episode unpacks the evolution of SRM from spreadsheets and KPI dashboards into a dynamic, relationship-driven process that prioritises operational excellence, resilience, and narrative over mere numbers. If you’ve been curious about AI’s real-world applications in procurement, this conversation is a must-listen.</p><p><br></p><h2>Generative AI in Supplier Relationship Management</h2><p><br></p><p>Suppeco is on a mission to redefine SRM by introducing a digital relationship layer that integrates operational data from diverse sources such as emails, chats, and project documentation. This approach focuses on the qualitative aspects of supplier relationships, fostering collaboration and mitigating risks. Sheldon explains how SRM has evolved from being KPI-heavy to prioritising relationship-driven resilience, a shift accelerated by the pandemic. With the SRM market projected to hit $8 billion by 2030, the importance of this transformation is evident.</p><p><br></p><p>Generative AI is particularly suited for analysing unstructured data, which makes up a significant portion of operational information. Suppeco’s AI capabilities dynamically identify risks, measure cultural fit, and optimise supplier relationships, providing actionable insights and creating contextualised RFPs. By offering a scaled-down SME version, Suppeco ensures that even smaller organisations can leverage advanced SRM features, making it accessible and impactful across different business sizes.</p><p><br></p><p>Addressing data privacy concerns, Sheldon highlights Suppeco’s multi-tenancy system, which keeps customer data securely isolated and ensures that models are never trained on proprietary information. This robust approach underscores their commitment to confidentiality and compliance, ensuring that businesses can adopt this technology confidently.</p><p><br></p><h3>Timestamps:</h3><p><br></p><p>[00:01:00] Introduction to Series 6 and guest Sheldon Mydat.</p><p>[00:03:12] Sheldon’s approach to investing $50,000 in procurement tech.</p><p>[00:09:27] The evolution of SRM and Suppeco’s role.</p><p>[00:14:50] Managing unstructured data in SRM.</p><p>[00:22:31] Use cases for generative AI in SRM.</p><p>[00:29:34] Addressing data privacy concerns.</p><p>[00:35:05] Integrating external data sources into SRM platforms.</p><p>[00:37:24] Democratising SRM for SMEs.</p><p><br></p><p><br></p><p>And that wraps up another episode of The Procurement Software Podcast!</p><p><br></p><p>Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!</p><p><br></p><p>We'll be back at the same time next month, so see you there.</p><p><br></p><p>If you want to learn more about Procurement Software, check out the useful links below.</p><p> </p><h3>Stay in touch!</h3><p><br></p><ol><li>Connect with <a href="https://www.linkedin.com/in/sheldonmydat/" rel="noopener noreferrer" target="_blank">Sheldon Mydat on LinkedIn</a></li><li>Check out <a href="http://www.suppeco.com/" rel="noopener noreferrer" target="_blank">Suppeco</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-enterprise" rel="noopener noreferrer" target="_blank">Tech Map for Enterprise</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-mid-market-businesses" rel="noopener noreferrer" target="_blank">Tech Map for Mid-Market</a></li><li>Download our <a...
December 25, 2024
<p>In this special Christmas episode of The Procurement Software Podcast, we celebrate the end of 2024 with a roundup of the latest developments in the procurement technology space.</p><p>James shares insights on the evolution of the industry and presents predictions for 2025 in the "state of procuretech address."</p><p><br></p><p>Whether you're enjoying a festive meal or relaxing during the holiday season, this episode aims to educate and inspire professionals about the exciting changes shaping the procurement landscape.</p><p><br></p><h2>2025 Procurement Software Market Predictions</h2><p><br></p><p>This week, James announces a change for The Procurement Software Podcast coming in 2025. We're shifting from weekly podcast episodes to a dynamic weekly newsletter, which will also house a couple of subscriber-only podcasts. </p><p><br></p><p>Plus, we're keeping The Procurement Software Podcast too with monthly, open access episodes.</p><p><br></p><p>A key focus of the newsletter will be audience segmentation.</p><p><br></p><p>Procurement practitioners and tech professionals have distinct needs, and this tailored approach ensures we put out content that resonates with both groups individually. </p><p><br></p><p>Expect insights that are specific, actionable, and engaging.</p><p><br></p><p>While podcast episodes will become monthly, the emphasis will shift to producing high-quality, in-depth discussions on key topics. This ensures every release is impactful and well-researched.</p><p><br></p><p>Finally, audience feedback will play a central role in shaping this new chapter. By aligning with listener preferences, the podcast evolves into an even more valuable resource for its community.</p><p><br></p><p>Stay tuned as Procurement Software Podcast embraces this exciting new direction!</p><p><br></p><h3>Timestamps:</h3><p><br></p><p>[00:02:03] Weekly newsletter transition announcement.</p><p>[00:08:59] Procurement tech warning signs.</p><p>[00:12:51] Agentic AI in procurement tech.</p><p>[00:17:27] B2B marketplaces' future relevance.</p><p>[00:21:06] AI's impact on procurement roles.</p><p>[00:26:58] AI in document analysis.</p><p>[00:31:20] Build versus buy debate.</p><p>[00:33:30] Software buying versus building.</p><p><br></p><p>And that wraps up another episode of The Procurement Software Podcast!</p><p><br></p><p>Thanks again for listening, and do please leave us a review on Apple Podcasts or rate us on Spotify. Every one helps!</p><p><br></p><p>We'll be back at the same time next week, so see you there.</p><p><br></p><p>If you want to learn more about Procurement Software, check out the useful links below.</p><p> </p><h3>Stay in touch!</h3><p><br></p><ol><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-enterprise" rel="noopener noreferrer" target="_blank">Tech Map for Enterprise</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-mid-market-businesses" rel="noopener noreferrer" target="_blank">Tech Map for Mid-Market</a></li><li>Download our <a href="https://store.procurementsoftware.site/tech-map-for-smes" rel="noopener noreferrer" target="_blank">Tech Map for SMEs</a></li><li>Find your perfect procurement tech solution in our <a href="https://app.procurementsoftware.site/" rel="noopener noreferrer" target="_blank">Software Finder app</a></li><li>Sign up for the <a href="https://store.procurementsoftware.site/" rel="noopener noreferrer" target="_blank">Procurement Software Newsletter</a></li><li><a href="https://calendly.com/jamesmeads/30-minute-intro-call" rel="noopener noreferrer" target="_blank">Book an Intro Call</a> and let’s talk all things Digital Procurement!</li><li><a href="https://linkedin.com/in/james-meads/" rel="noopener noreferrer" target="_blank">Connect with James on LinkedIn</a></li></ol><br/>
Pod Engine is not affiliated with, endorsed by, or officially connected with any of the podcasts displayed on this platform. We operate independently as a podcast discovery and analytics service.
All podcast artwork, thumbnails, and content displayed on this page are the property of their respective owners and are protected by applicable copyright laws. This includes, but is not limited to, podcast cover art, episode artwork, show descriptions, episode titles, transcripts, audio snippets, and any other content originating from the podcast creators or their licensors.
We display this content under fair use principles and/or implied license for the purpose of podcast discovery, information, and commentary. We make no claim of ownership over any podcast content, artwork, or related materials shown on this platform. All trademarks, service marks, and trade names are the property of their respective owners.
While we strive to ensure all content usage is properly authorized, if you are a rights holder and believe your content is being used inappropriately or without proper authorization, please contact us immediately at [email protected] for prompt review and appropriate action, which may include content removal or proper attribution.
By accessing and using this platform, you acknowledge and agree to respect all applicable copyright laws and intellectual property rights of content owners. Any unauthorized reproduction, distribution, or commercial use of the content displayed on this platform is strictly prohibited.
