Professor Dr. Johannes Walther is Head of the Institute for Production Management (IPM) and professor of Business Administration with a focus on production management at the Faculty of Economics at Ostfalia University of Applied Sciences. He is the publisher of "Supply Chain Management"(TM) magazine, member of the advisory board of the Volkswagen Group Institute for Procurement (IFB) and the Academic Forum of Volkswagen Group Procurement, as well as lecturer at the Volkswagen Group AutoUni. He studied economics at the University of Hannover. After earning his doctorate degree in 1992 he assumed leading positions in industry, trade and service companies. Born in Hannover in 1959, Johannes is married with two children and currently lives in Hannover, Germany. Klaus Richter is Chief Procurement Officer for Airbus Group & Airbus. Additionally he serves as Chairman of the Board of Airbus Germany and leads the supervisory board of Premium AEROTEC Group. Klaus' professional path within Airbus Group dates back to 2007 when he joined Airbus S.A.S. as Executive Vice President Procurement. Before joining Airbus Group Klaus was Senior Vice President Materials Purchasing for BMW. He started his career with McKinsey & Company where he worked as management consultant for automotive, electronics and aerospace businesses and product development. He graduated from Technical University of Munich, Germany, with a PhD in Mechanical Engineering and spent two years as a researcher and lecturer at the University of California at Berkeley. Born in Munich in 1964, Klaus is married with two children and currently lives in Toulouse, France.