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Introduction For many decades, many industrialists have undermined the strategic importance of the role of purchasing and procurement. Textbooks in the area claim that the role has been overlooked, neglected and underestimated to favour other such functions within as such areas as marketing, accounting and engineering. Such functions are often regarded as "white collar" functions. However, in recent years, organisations both public and private, are coming to realize that purchasing and procurement holds potentially more strategic benefits than that of functions such as those already mentioned. Traditionally, the Purchasing function was a somewhat, primitive and simple. Erridge (1995) describes the traditional purchasing process as a system of stages:> Requisition> Checking the requisition> Selecting a supplier> Obtain a Quote> Ordering> Expediting the order Traditionally, the purchasing role was seen as a means of increasing profitability via the acquisition of lowest cost goods therefore increasing the mark-up on finished goods selling price. In manufacturing organisations,...

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