Forums Marketing ICT in Purchasing Operations

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    ICT in Purchasing Operations

    #16222

    Information technology is simply the processing of data via computer: the use of technologies from computing, electronics, and telecommunications to process and distribute information in digital and other forms.

    Electronic Commerce- A term used to describe business which is done in a paperless environment, mostly online. It includes electronic mails, transfers, publishing, image processing etc. Due to this, companies are able to automate the process of moving documents electronically between suppliers and customers. It saves the time of ordering the inventory as well as cost is also saved.

    Electronic Data Interchange- It refers to the computer to computer data exchange in some standard format. It describes the ability of two organizations connecting with each other electronically via email rather than courier, post. Companies can place the order quickly and can also ask for a brochure which is really an important document. Due to this time-saving function, consistency in production will be maintained. Purchasing company will not have to worry about keeping invoices and other documents. And it is also the cost-efficient device.

    Barcoding and Scanner- Barcode scanners are mostly found in the checkout counter of super markets. This code refers to the name of the product and its manufacturer. Other applications are tracking the moving items such as components in PC assembly operations, automobiles in assembly plants.

    Data warehouse- It is a database maintained by the organization separately from production system database. There are many organizations which have many databases. A data warehouse is organized around informational subjects rather than specific business processes. Data held in data warehouses are time-dependent, historical data may also be aggregated.

    Enterprise Resource Planning (ERP)- ERP system have become enterprise-wide transaction processing tools which capture the data and reduce the manual activities and task associated with processing financial, inventory and customer order information. It saves the time which used to be incurred on making invoices and entering them into their books of accounts.

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