The document discusses the evolving role of purchasing professionals, emphasizing the importance of financial supply chain management, risk reduction, and customer satisfaction. It highlights strategic sourcing practices, including global and low-cost country sourcing, as well as inventory and cost reduction strategies. The focus is on enhancing supply chain flexibility and efficiency from 1980 to 2020.

1. Changing Focus For Purchasing Professionals
Financial Supply Chain Profit
Supply Chain Flexibility, Risk
Reduction, Customer Satisfaction
Strategic Sourcing Global Supply, Low Cost Country
Sourcing, Design to Cost
Material Management Internal Demand Control, Inventory reduction,
JIT
Purchasing Cost reduction with focus on
current suppliers
Approach Goal
1980
2020
2000
Bill Kohnen October 2016