Procurement is a viable strategy for most organizations to reduce their production costs. If the production costs are lowered, the prices of goods and services will also be lowered. This is bound to intrigue a large number of potential customers. However, the procurement arena is undergoing rapid transformations in recent times. With the advent of digital technologies, marketers are channelizing their sourcing processes to their benefits. Standing at this point, there are several procurement trends to watch out for. With the assistance of sourcing consultants, marketers are formulating their procurement strategies conforming to the latest trends.