SlideShare a Scribd company logo
1 of 15
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

More Related Content

Similar to Sourcing and Procurement Trends 2022

10 Supply Chain Best Practices You Must Follow.pdf
10 Supply Chain Best Practices You Must Follow.pdf10 Supply Chain Best Practices You Must Follow.pdf
10 Supply Chain Best Practices You Must Follow.pdfJennifer Lopez
 
Chapter 13 Supply Chain Management 2014
Chapter 13 Supply Chain Management 2014Chapter 13 Supply Chain Management 2014
Chapter 13 Supply Chain Management 2014Earlene McNair
 
Insight2014 orchestrating customer_activated_supply_chain_6913
Insight2014 orchestrating customer_activated_supply_chain_6913Insight2014 orchestrating customer_activated_supply_chain_6913
Insight2014 orchestrating customer_activated_supply_chain_6913IBMgbsNA
 
Conquering the Supply Chain Effective Frontier
Conquering the Supply Chain Effective FrontierConquering the Supply Chain Effective Frontier
Conquering the Supply Chain Effective FrontierLora Cecere
 
2021 Procurement Software Market Update
2021 Procurement Software Market Update2021 Procurement Software Market Update
2021 Procurement Software Market UpdateMadison Park Group
 
CPFR: Oppotunities & Challenges
CPFR: Oppotunities & ChallengesCPFR: Oppotunities & Challenges
CPFR: Oppotunities & ChallengesKunal Singh
 
Procserve eProcurement Overview July 2014
Procserve eProcurement Overview July 2014Procserve eProcurement Overview July 2014
Procserve eProcurement Overview July 2014Procserve
 
Top 12 priorities for competitive intelligence
Top 12 priorities for competitive intelligenceTop 12 priorities for competitive intelligence
Top 12 priorities for competitive intelligenceMartin Brunet
 
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptx
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptxWhat Are The Success Strategies For Demand Forecasting In Supply Chain.pptx
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptxCozentus Technologies Pvt. Ltd.
 
The biggest problems caused by suppliers and how to prevent them
The biggest problems caused by suppliers and how to prevent themThe biggest problems caused by suppliers and how to prevent them
The biggest problems caused by suppliers and how to prevent themAli Zeeshan
 
StrategicFit.ppt
StrategicFit.pptStrategicFit.ppt
StrategicFit.pptsreeeswar
 
TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...
TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...
TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...ijmvsc
 
Responsive supply chain: sensitive to customer requirements
Responsive supply chain: sensitive to customer requirementsResponsive supply chain: sensitive to customer requirements
Responsive supply chain: sensitive to customer requirementsHarender Singh
 
Best Practices for Channel Data Collection
Best Practices for Channel Data CollectionBest Practices for Channel Data Collection
Best Practices for Channel Data CollectionChannelinsight
 
Introduction to supply chain management
Introduction to supply chain managementIntroduction to supply chain management
Introduction to supply chain managementKwanda Matiwane
 

Similar to Sourcing and Procurement Trends 2022 (20)

10 Supply Chain Best Practices You Must Follow.pdf
10 Supply Chain Best Practices You Must Follow.pdf10 Supply Chain Best Practices You Must Follow.pdf
10 Supply Chain Best Practices You Must Follow.pdf
 
Chapter 13 Supply Chain Management 2014
Chapter 13 Supply Chain Management 2014Chapter 13 Supply Chain Management 2014
Chapter 13 Supply Chain Management 2014
 
Insight2014 orchestrating customer_activated_supply_chain_6913
Insight2014 orchestrating customer_activated_supply_chain_6913Insight2014 orchestrating customer_activated_supply_chain_6913
Insight2014 orchestrating customer_activated_supply_chain_6913
 
Conquering the Supply Chain Effective Frontier
Conquering the Supply Chain Effective FrontierConquering the Supply Chain Effective Frontier
Conquering the Supply Chain Effective Frontier
 
Driving uncertainty from your supply chain final
Driving uncertainty from your supply chain finalDriving uncertainty from your supply chain final
Driving uncertainty from your supply chain final
 
2021 Procurement Software Market Update
2021 Procurement Software Market Update2021 Procurement Software Market Update
2021 Procurement Software Market Update
 
CPFR: Oppotunities & Challenges
CPFR: Oppotunities & ChallengesCPFR: Oppotunities & Challenges
CPFR: Oppotunities & Challenges
 
Procserve eProcurement Overview July 2014
Procserve eProcurement Overview July 2014Procserve eProcurement Overview July 2014
Procserve eProcurement Overview July 2014
 
Top 12 priorities for competitive intelligence
Top 12 priorities for competitive intelligenceTop 12 priorities for competitive intelligence
Top 12 priorities for competitive intelligence
 
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptx
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptxWhat Are The Success Strategies For Demand Forecasting In Supply Chain.pptx
What Are The Success Strategies For Demand Forecasting In Supply Chain.pptx
 
The biggest problems caused by suppliers and how to prevent them
The biggest problems caused by suppliers and how to prevent themThe biggest problems caused by suppliers and how to prevent them
The biggest problems caused by suppliers and how to prevent them
 
StrategicFit.ppt
StrategicFit.pptStrategicFit.ppt
StrategicFit.ppt
 
TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...
TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...
TURNING CUSTOMER INSIGHTS CONTRIBUTING TO VMI BASED DECISION SUPPORT SYSTEM I...
 
TYASuite | Procurement Leadership Agenda
TYASuite | Procurement Leadership AgendaTYASuite | Procurement Leadership Agenda
TYASuite | Procurement Leadership Agenda
 
Strategic Defence and Security Review: the opportunities for SMEs
Strategic Defence and Security Review: the opportunities for SMEsStrategic Defence and Security Review: the opportunities for SMEs
Strategic Defence and Security Review: the opportunities for SMEs
 
Responsive supply chain: sensitive to customer requirements
Responsive supply chain: sensitive to customer requirementsResponsive supply chain: sensitive to customer requirements
Responsive supply chain: sensitive to customer requirements
 
Best Practices for Channel Data Collection
Best Practices for Channel Data CollectionBest Practices for Channel Data Collection
Best Practices for Channel Data Collection
 
Introduction to supply chain management
Introduction to supply chain managementIntroduction to supply chain management
Introduction to supply chain management
 
supply-chain-resiliency
supply-chain-resiliencysupply-chain-resiliency
supply-chain-resiliency
 
SUPPLY CHAIN MANAGEMENT
SUPPLY CHAIN MANAGEMENTSUPPLY CHAIN MANAGEMENT
SUPPLY CHAIN MANAGEMENT
 

More from Aavenir

The Connected Contract Management Experience
The Connected Contract Management ExperienceThe Connected Contract Management Experience
The Connected Contract Management ExperienceAavenir
 
Assess the current state of your AI maturity in your CLM journey
Assess the current state of your  AI maturity in your CLM journeyAssess the current state of your  AI maturity in your CLM journey
Assess the current state of your AI maturity in your CLM journeyAavenir
 
[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts
[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts
[Hot Tips] Supplier Management Strategy that Optimizes Procurement EffortsAavenir
 
Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...
Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...
Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...Aavenir
 
German Supply Chain Due Diligence Act
German Supply Chain Due Diligence ActGerman Supply Chain Due Diligence Act
German Supply Chain Due Diligence ActAavenir
 
ServiceNow Knowledge 2022 - Digital Experience
ServiceNow Knowledge 2022 - Digital ExperienceServiceNow Knowledge 2022 - Digital Experience
ServiceNow Knowledge 2022 - Digital ExperienceAavenir
 
Benefits of vendor collaboration portal
Benefits of vendor collaboration portalBenefits of vendor collaboration portal
Benefits of vendor collaboration portalAavenir
 
5 steps to third party cyber risk management
5 steps to third party cyber risk management5 steps to third party cyber risk management
5 steps to third party cyber risk managementAavenir
 
Unified Contract Management with Sourcing on ServiceNow
Unified Contract Management with Sourcing on ServiceNowUnified Contract Management with Sourcing on ServiceNow
Unified Contract Management with Sourcing on ServiceNowAavenir
 
6 reasons contract management tools fail
6 reasons contract management tools fail6 reasons contract management tools fail
6 reasons contract management tools failAavenir
 
Action steps to transform retail supply chain
Action steps to transform retail supply chainAction steps to transform retail supply chain
Action steps to transform retail supply chainAavenir
 
Contract Management Trends 2022
Contract Management Trends 2022Contract Management Trends 2022
Contract Management Trends 2022Aavenir
 
Accounts Payable Trends 2022
Accounts Payable Trends 2022Accounts Payable Trends 2022
Accounts Payable Trends 2022Aavenir
 
Why digitization of accounts payable is necessary
Why digitization of accounts payable is necessaryWhy digitization of accounts payable is necessary
Why digitization of accounts payable is necessaryAavenir
 
Managing Breach of Contracts with Obligation Management
Managing Breach of Contracts with Obligation ManagementManaging Breach of Contracts with Obligation Management
Managing Breach of Contracts with Obligation ManagementAavenir
 
4 steps to solve the unstructured invoices
4 steps to solve the unstructured invoices4 steps to solve the unstructured invoices
4 steps to solve the unstructured invoicesAavenir
 
What are Agile Contracts?
What are Agile Contracts? What are Agile Contracts?
What are Agile Contracts? Aavenir
 
AI-based Contract Management for Healthcare
AI-based Contract Management for HealthcareAI-based Contract Management for Healthcare
AI-based Contract Management for HealthcareAavenir
 
How Effective is Invoice Matching?
How Effective is Invoice Matching?How Effective is Invoice Matching?
How Effective is Invoice Matching?Aavenir
 
Obligations Compliance Tracking - Unlock True Value of Contracts
Obligations Compliance Tracking - Unlock True Value of ContractsObligations Compliance Tracking - Unlock True Value of Contracts
Obligations Compliance Tracking - Unlock True Value of ContractsAavenir
 

More from Aavenir (20)

The Connected Contract Management Experience
The Connected Contract Management ExperienceThe Connected Contract Management Experience
The Connected Contract Management Experience
 
Assess the current state of your AI maturity in your CLM journey
Assess the current state of your  AI maturity in your CLM journeyAssess the current state of your  AI maturity in your CLM journey
Assess the current state of your AI maturity in your CLM journey
 
[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts
[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts
[Hot Tips] Supplier Management Strategy that Optimizes Procurement Efforts
 
Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...
Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...
Automated Obligation Management to Reduce Fraud RIsks in Healthcare Provider ...
 
German Supply Chain Due Diligence Act
German Supply Chain Due Diligence ActGerman Supply Chain Due Diligence Act
German Supply Chain Due Diligence Act
 
ServiceNow Knowledge 2022 - Digital Experience
ServiceNow Knowledge 2022 - Digital ExperienceServiceNow Knowledge 2022 - Digital Experience
ServiceNow Knowledge 2022 - Digital Experience
 
Benefits of vendor collaboration portal
Benefits of vendor collaboration portalBenefits of vendor collaboration portal
Benefits of vendor collaboration portal
 
5 steps to third party cyber risk management
5 steps to third party cyber risk management5 steps to third party cyber risk management
5 steps to third party cyber risk management
 
Unified Contract Management with Sourcing on ServiceNow
Unified Contract Management with Sourcing on ServiceNowUnified Contract Management with Sourcing on ServiceNow
Unified Contract Management with Sourcing on ServiceNow
 
6 reasons contract management tools fail
6 reasons contract management tools fail6 reasons contract management tools fail
6 reasons contract management tools fail
 
Action steps to transform retail supply chain
Action steps to transform retail supply chainAction steps to transform retail supply chain
Action steps to transform retail supply chain
 
Contract Management Trends 2022
Contract Management Trends 2022Contract Management Trends 2022
Contract Management Trends 2022
 
Accounts Payable Trends 2022
Accounts Payable Trends 2022Accounts Payable Trends 2022
Accounts Payable Trends 2022
 
Why digitization of accounts payable is necessary
Why digitization of accounts payable is necessaryWhy digitization of accounts payable is necessary
Why digitization of accounts payable is necessary
 
Managing Breach of Contracts with Obligation Management
Managing Breach of Contracts with Obligation ManagementManaging Breach of Contracts with Obligation Management
Managing Breach of Contracts with Obligation Management
 
4 steps to solve the unstructured invoices
4 steps to solve the unstructured invoices4 steps to solve the unstructured invoices
4 steps to solve the unstructured invoices
 
What are Agile Contracts?
What are Agile Contracts? What are Agile Contracts?
What are Agile Contracts?
 
AI-based Contract Management for Healthcare
AI-based Contract Management for HealthcareAI-based Contract Management for Healthcare
AI-based Contract Management for Healthcare
 
How Effective is Invoice Matching?
How Effective is Invoice Matching?How Effective is Invoice Matching?
How Effective is Invoice Matching?
 
Obligations Compliance Tracking - Unlock True Value of Contracts
Obligations Compliance Tracking - Unlock True Value of ContractsObligations Compliance Tracking - Unlock True Value of Contracts
Obligations Compliance Tracking - Unlock True Value of Contracts
 

Recently uploaded

Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024BookNet Canada
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking MenDelhi Call girls
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreternaman860154
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking MenDelhi Call girls
 
AI as an Interface for Commercial Buildings
AI as an Interface for Commercial BuildingsAI as an Interface for Commercial Buildings
AI as an Interface for Commercial BuildingsMemoori
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 3652toLead Limited
 
Beyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry InnovationBeyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry InnovationSafe Software
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking MenDelhi Call girls
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesSinan KOZAK
 
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure serviceWhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure servicePooja Nehwal
 
Azure Monitor & Application Insight to monitor Infrastructure & Application
Azure Monitor & Application Insight to monitor Infrastructure & ApplicationAzure Monitor & Application Insight to monitor Infrastructure & Application
Azure Monitor & Application Insight to monitor Infrastructure & ApplicationAndikSusilo4
 
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...shyamraj55
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Paola De la Torre
 
SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024Scott Keck-Warren
 
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | DelhiFULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhisoniya singh
 
SIEMENS: RAPUNZEL – A Tale About Knowledge Graph
SIEMENS: RAPUNZEL – A Tale About Knowledge GraphSIEMENS: RAPUNZEL – A Tale About Knowledge Graph
SIEMENS: RAPUNZEL – A Tale About Knowledge GraphNeo4j
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxMalak Abu Hammad
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerThousandEyes
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking MenDelhi Call girls
 
Key Features Of Token Development (1).pptx
Key  Features Of Token  Development (1).pptxKey  Features Of Token  Development (1).pptx
Key Features Of Token Development (1).pptxLBM Solutions
 

Recently uploaded (20)

Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
Transcript: #StandardsGoals for 2024: What’s new for BISAC - Tech Forum 2024
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
AI as an Interface for Commercial Buildings
AI as an Interface for Commercial BuildingsAI as an Interface for Commercial Buildings
AI as an Interface for Commercial Buildings
 
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
Tech-Forward - Achieving Business Readiness For Copilot in Microsoft 365
 
Beyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry InnovationBeyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
Beyond Boundaries: Leveraging No-Code Solutions for Industry Innovation
 
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
08448380779 Call Girls In Diplomatic Enclave Women Seeking Men
 
Unblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen FramesUnblocking The Main Thread Solving ANRs and Frozen Frames
Unblocking The Main Thread Solving ANRs and Frozen Frames
 
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure serviceWhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
WhatsApp 9892124323 ✓Call Girls In Kalyan ( Mumbai ) secure service
 
Azure Monitor & Application Insight to monitor Infrastructure & Application
Azure Monitor & Application Insight to monitor Infrastructure & ApplicationAzure Monitor & Application Insight to monitor Infrastructure & Application
Azure Monitor & Application Insight to monitor Infrastructure & Application
 
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
Automating Business Process via MuleSoft Composer | Bangalore MuleSoft Meetup...
 
Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101Salesforce Community Group Quito, Salesforce 101
Salesforce Community Group Quito, Salesforce 101
 
SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024SQL Database Design For Developers at php[tek] 2024
SQL Database Design For Developers at php[tek] 2024
 
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | DelhiFULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
FULL ENJOY 🔝 8264348440 🔝 Call Girls in Diplomatic Enclave | Delhi
 
SIEMENS: RAPUNZEL – A Tale About Knowledge Graph
SIEMENS: RAPUNZEL – A Tale About Knowledge GraphSIEMENS: RAPUNZEL – A Tale About Knowledge Graph
SIEMENS: RAPUNZEL – A Tale About Knowledge Graph
 
The Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptxThe Codex of Business Writing Software for Real-World Solutions 2.pptx
The Codex of Business Writing Software for Real-World Solutions 2.pptx
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men08448380779 Call Girls In Greater Kailash - I Women Seeking Men
08448380779 Call Girls In Greater Kailash - I Women Seeking Men
 
Key Features Of Token Development (1).pptx
Key  Features Of Token  Development (1).pptxKey  Features Of Token  Development (1).pptx
Key Features Of Token Development (1).pptx
 

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