Editor's Note: Last March, Ram Narasimhan, Ph.D., of Michigan State University, presented the "Purchasing Futures Study" at the 1995 Executive Purchasing Roundtable, which the Center for Advanced Purchasing Studies (CAPS) sponsors each year. During the report, which is planned for release in mid-summer 1995, Narasimhan presented 10 future propositions to the CAPS Roundtable group. One of the propositions, "Purchasing will emerge as a key element of business strategy," is discussed here by G. A. (Gerry) Abraham, vice president of corporate purchasing for Carnival Cruise Lines.
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