Procurement deals with gaining possession of something. This could include obtaining materials, products, and supplies. The most basic factor of increasing the importance of procurement is being able to recognize how much is spent for purchases of a certain organization and the amount of savings from a viable procurement strategy. The amount of money spent on procurement has increased significantly in many organizations in today’s time period. Good quality components and materials need to be used in order for the final product to be higher in quality and meets the customer quality standards. This tells us that the quality of finished goods is dependent on the quality of materials used.