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Purchasing and Information Technology (IT) These systems help to streamline the purchasing process and facilitate communication internally and externally. Many of these systems also include database technology that provides timely and accurate input to supply management for strategic planning and tactical activities.

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unknown

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βˆ™ 4y ago
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βˆ™ 8mo ago

Information technology plays a crucial role in purchasing research by enabling data collection, analysis, and decision-making processes. It helps in sourcing and evaluating suppliers, tracking market trends, managing procurement activities, and improving supply chain efficiency. IT tools such as e-procurement systems, market intelligence software, and data analytics platforms are integral in conducting effective purchasing research.

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Anonymous

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βˆ™ 4y ago

Knowledge is power, using information technology in acquiring in-depth

knowledge to make a decision in a shorter timeframe is a standard in today's times.

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Q: What is the role of information technology in purchasing research?
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