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Purspective featured in Procurement Asia on Skill & Competency development
The landscape of purchasing has changed.
Twenty years ago, purchasing was perceived as a transaction oriented support function to business. It was “isolated” from other functions to combat with suppliers on price, availability, order, and delivery.
Today companies see purchasing play a growing important, if not yet strategic, role in integrating external expertise with company’s internal core competency to explore value creation opportunities for the business. Purchasing selectively combats with suppliers and, at the same time, performs the role of “ambassador” to suppliers of choice.
This shift takes place in all industry sectors, from high-tech to automotive; from engineering to service; and from hypermarket to processing industries. The shift is further accelerated by the growing value delivered by suppliers driven by continued supply market consolidation and availability of capital a company can invest. Therefore increasingly supply chain competes against supply chain. With the changed contribution of purchasing, business demands more and higher level of talents working in the purchasing function.