Date Added: Dec 2009
A couple of years ago purchasing was just a black box for many organizations. The board somehow understood that procurement is somewhat important, due to its direct influence on the bottom line figures. But purchasing was the exclusive domain of purchasers ? not the board members. Already before the downturn one noticed a shift in this attitude. The importance of purchasing was finally mirrored through changes in big corporations' organizations. Siemens extended its board by adding Barbara Kux, responsible for supply chain and purchasing; Dr. Herbert Die? was appointed as new CPO of BMW to realize a multi-billion-dollar savings project.