The Procurement is an important business activity of an organization, no matter it is a manufacturer, trader, wholesaler, or retailer. This is also true in the LED light industry. An organization normally buys its needed materials, supplies and services from its suppliers to support its daily organizational activities. It relies heavily on its procurement.
Back to several decades ago, the process to acquire raw materials and services for a firm was considered a burden. Its importance was not noticed by the managerial team. At least, they considered it less important than other activities within the company. The procurement was considered a low-level activity, and was normally granted to the non-managerial team to execute and process. Hence, the purchasing orders were normally generated in unimportant departments, with few tracking activity on them.
The [...]