FOR RELEASE: May 4, 1998
Contact: Zenobia Daruwalla
NAPM, Media Relations
602/752-6276 ext. 3015
(Tempe, Arizona) — The National Association of Purchasing Management (NAPM), the Center for Advanced Purchasing Studies (CAPS), A.T. Kearney, Arizona State University, and Michigan State University jointly conducted a comprehensive scan of the purchasing and supply chain management profession. The results of this study commissioned by NAPM were presented today at NAPM’s 83rd Annual International Purchasing Conference at the Wyndham Anatole Hotel in Dallas, Texas. The Future of Purchasing and Supply: A Five- and Ten-Year Forecast, was delivered by Phillip L. Carter, D.B.A., director, Center for Advanced Purchasing Studies
The future role of the purchasing and supply professional was examined in the research and a five- and ten-year forecasting for the profession was developed based upon a close examination of key change drivers. Researchers concluded that the most significant trend is one of change. "Perhaps the most significant trend that will impact the world for decades to come is the willingness of the populace to expect, accept – and even demand – change," said Phillip L. Carter, D.B.A., director, Center for Advanced Purchasing Studies.
With technological advancements, the importance of the global economy for today’s business, and the growth of emerging markets, the implications for the future role of the purchasing and supply management professional is one that will focus on supplier relationships and strategic supply market solutions. Purchasers will become significantly more important in the corporate climate changing from a position of support to a key player in the direction setting process enabling companies to reach corporate goals.
In A.T. Kearney’s 1997 CEO Global Business Study, CEO’s stated that value-added relationships with suppliers is one of the most critically important aspects of business today. Other critically important items included globalization, industry restructuring, revenue growth, managing change, and shareholder value.
Companies and executives participating in this research agree that purchasing professionals must prepare for the change of corporate climate by understanding that value-based customer relationships will become the focus. Suppliers will play an expanded role in delivering this value increasing the necessity of companies to manage a portfolio of relationships – setting joint business goals with suppliers and customers – to ensure that each party can maintain the level of product quality and open communication originally agreed upon. As senior management begins to lead and drive the changes that will encourage the value chain approach, purchasing professionals will begin to manage these relationships and pursue strategic alliances with new markets that enable growth for all involved. For more information about The Future of Purchasing and Supply: A Five- and Ten-Year Forecast, call the Center for Advanced Purchasing Studies at 602/752-2277.
The Center for Advanced Purchasing Studies was established in November 1986 to address the need for industry-oriented research in purchasing. CAPS is jointly sponsored by the College of Business at Arizona State University and the National Association of Purchasing Management.
Chicago-based A.T. Kearney is the world’s second largest, high value-added management consulting firm. With 63 offices in 33 countries and 4,700 employees, A.T. Kearney provides strategic, operational and information technology consulting to the world’s leading companies through 11 industry practice areas. The number of consultants totals 2,700, up from 2,400 in 1997.
Supply chain management is an important component of the highly ranked undergraduate and MBA programs offered by the College of Business at Arizona State University. A popular undergraduate major, Supply Chain Management is also offered as a second-year concentration in the ASU MBA. The Center for Advanced Purchasing Studies, a research partnership between the College and NAPM, supports these programs by enriching course materials and by offering scholarship opportunities.
The Supply Chain Management Program at Michigan State University integrates topics from manufacturing operations, purchasing, transportation, and physical distribution into a unified program. This is the most widely recognized program in the United States that offers integration among these critical, value-adding components to enhance global competitiveness.
The National Association of Purchasing Management is a not-for-profit association that provides national and international leadership in purchasing and supply management research and education. NAPM provides its more than 44,000 members in its 180 affiliated associations with opportunities to expand their professional skills and knowledge.