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Sourcing & Procurement Trends
What to Look for in 2022 and Beyond?
Delivering The Future of Work
Sourcing & Procurement in 2022 and Beyond
Sourcing and procurement leaders are increasingly seeking supply chain insights that
improve predictability and allow them to become more agile in adapting to changing
environments and economic pressures.
- Gartner
“
2
3
Projected Market Size
The Sourcing and Procurement market is expected to register a
CAGR of 13% during the forecast period 2019 - 2024.
4
Let’s look first at - Sourcing & Procurement Trends 2022
4
1. Supply Chain Cybersecurity
5
The supply chain as a whole is only truly secure when all entities throughout the supply chain carry out effective,
coordinated security measures to ensure the integrity of supply chain data.
2. Supplier Risk Management - An agile operating model
6
Global supply chains are irreversible, as are the known and unknown supply-chain risks that globalization has
brought with it.
3. Supply Chain Resilience
7
It’s not just about playing defence — it’s also about playing offense — finding competitive advantage by shaping
a supply chain resilience strategy focused on disruption avoidance.
4.Strategic Sourcing: The workforce of the future
8
Strategic sourcing allows businesses to consolidate their purchasing power to achieve the lowest possible total
cost of ownership and minimise risk to the supply chain.
5. Insights and analytics: Transparency and visibility
Transparency goes beyond gaining visibility into the extended supply chain. It is the process by which a
company takes action on the insights gained through greater visibility in order to manage risks more effectively.
9
© Aavenir All rights reserved. 10
Next Step:
Explore Aavenir’s
Request for Proposal
Management (RFP) for
ServiceNow
Aavenir RFPflow for ServiceNow
PROCUREMENT FINANCE
SOURCING
Prepare
Prepare Team
Prepare Questionnaire
Prepare Milestones
Publish
Publish RFP
Publish Guidelines
>>>>>>>>
Collaborate
Collaborate Internal team
Collaborate with vendors
Accept supplier responses
>>>>>>>>
Offers Full-Suite to Manage Procurement Operations
11
>>>>>>>>
Evaluate
Collaborative Vendor Comparison
Shortlist/Award Vendors
Prepare Contracts
>>>>>>>>
Streamline your sourcing processes and find
quality suppliers 2X faster.
© Aavenir All rights reserved. 12
Streamline Procurement Ops with Ready to use Templates
© Aavenir All rights reserved. 13
https://aavenir.com/template-central
Start Creating
RFPs Immediately
using Free,
Industry-standard
RFP Templates
Procurement Process
Checklist
Free Download
Test Drive
RFPflow
Know About
RFPflow
Free Demo Know More
Explore Other Useful Resources
Latest Blogs on
Procurement &
Sourcing
Read More
14
“Supply chains are everywhere. From the biggest
company in the world to running your household.”
© Aavenir All rights reserved. 15
www.aavenir.com
linkedin.com/company/aavenirinfo
contact@aavenir.com
twitter.com/AavenirInfo

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Sourcing and Procurement Trends 2022

  • 1. Sourcing & Procurement Trends What to Look for in 2022 and Beyond? Delivering The Future of Work
  • 2. Sourcing & Procurement in 2022 and Beyond Sourcing and procurement leaders are increasingly seeking supply chain insights that improve predictability and allow them to become more agile in adapting to changing environments and economic pressures. - Gartner “ 2
  • 3. 3 Projected Market Size The Sourcing and Procurement market is expected to register a CAGR of 13% during the forecast period 2019 - 2024.
  • 4. 4 Let’s look first at - Sourcing & Procurement Trends 2022 4
  • 5. 1. Supply Chain Cybersecurity 5 The supply chain as a whole is only truly secure when all entities throughout the supply chain carry out effective, coordinated security measures to ensure the integrity of supply chain data.
  • 6. 2. Supplier Risk Management - An agile operating model 6 Global supply chains are irreversible, as are the known and unknown supply-chain risks that globalization has brought with it.
  • 7. 3. Supply Chain Resilience 7 It’s not just about playing defence — it’s also about playing offense — finding competitive advantage by shaping a supply chain resilience strategy focused on disruption avoidance.
  • 8. 4.Strategic Sourcing: The workforce of the future 8 Strategic sourcing allows businesses to consolidate their purchasing power to achieve the lowest possible total cost of ownership and minimise risk to the supply chain.
  • 9. 5. Insights and analytics: Transparency and visibility Transparency goes beyond gaining visibility into the extended supply chain. It is the process by which a company takes action on the insights gained through greater visibility in order to manage risks more effectively. 9
  • 10. © Aavenir All rights reserved. 10 Next Step: Explore Aavenir’s Request for Proposal Management (RFP) for ServiceNow
  • 11. Aavenir RFPflow for ServiceNow PROCUREMENT FINANCE SOURCING Prepare Prepare Team Prepare Questionnaire Prepare Milestones Publish Publish RFP Publish Guidelines >>>>>>>> Collaborate Collaborate Internal team Collaborate with vendors Accept supplier responses >>>>>>>> Offers Full-Suite to Manage Procurement Operations 11 >>>>>>>> Evaluate Collaborative Vendor Comparison Shortlist/Award Vendors Prepare Contracts >>>>>>>>
  • 12. Streamline your sourcing processes and find quality suppliers 2X faster. © Aavenir All rights reserved. 12
  • 13. Streamline Procurement Ops with Ready to use Templates © Aavenir All rights reserved. 13 https://aavenir.com/template-central Start Creating RFPs Immediately using Free, Industry-standard RFP Templates
  • 14. Procurement Process Checklist Free Download Test Drive RFPflow Know About RFPflow Free Demo Know More Explore Other Useful Resources Latest Blogs on Procurement & Sourcing Read More 14
  • 15. “Supply chains are everywhere. From the biggest company in the world to running your household.” © Aavenir All rights reserved. 15 www.aavenir.com linkedin.com/company/aavenirinfo contact@aavenir.com twitter.com/AavenirInfo