A body like a ring or a sphere rolling without slipping over a horizontal plane will suffer no friction, in principle. At every instant, there is just one point of contact between the body and the plane and this point has no motion relative to the plane. In this ideal situation, kinetic or static friction is zero and the body should continue to roll with constant velocity. We know, in practice, this will not happen and some resistance to motion (rolling friction) does occur, i.e. to keep the body rolling, some applied force is needed.
In many situations, like in a machine with different moving parts, friction does have a negative role. It opposes relative motion and thereby dissipates power in the form of heat, etc. Lubricants are a way of reducing kinetic friction in a machine. Another way is to use ball bearings between two moving parts of a machine.
Since the rolling friction between ball bearings and the surfaces in contact is very small, power dissipation is reduced. A thin cushion of air maintained between solid surfaces in relative motion is another effective way of reducing friction.
In many practical situations, however, friction is critically needed. Kinetic friction that
dissipates power is nevertheless important for quickly stopping relative motion. It is made use
of by brakes in machines and automobiles.
Similarly, static friction is important in daily life. We are able to walk because of friction. It is impossible for a car to move on a very slippery road. On an ordinary road, the friction between the tyres and the road provides the necessary external force to accelerate the car.