What is ICT(Information, Communication and Technology)?

ICT is the short form of three basic terms—Information, Communication and Technology. The representation of data in a meaningful way is called Information.

The term communication may be referred as imparting or exchanging of information by speaking, writing, or using some other medium. In other words, it may be referred as conveying your feelings, thoughts and emotions in any verbal and non-verbal medium. Any communication has four essential elements, namely ‘sender’, ‘message’, ‘medium’ and ‘receiver’. When all four elements are in sync with each other in terms of sequence, relevance, appropriateness, etc., then communication becomes effective.

Technology refers to methods, systems and devices, which are a result of scientific knowledge, being used for practical purposes.

Technology can be used for creation and communication of information. The term Information and Communication Technology (ICT) includes various forms of technologies that are used to create, display, store, process, transmit, share or exchange information by electronic means (UNESCO 2007). Such a discipline which deals in the creation and communication of information is called ICT.

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E-Procurement Cycle

Figure 2.6 illustrates the different steps associated with the overall procurement cycle, from the order placement to the accounts payable, in steps through a web based e-commerce network. It includes customers' inventory and supplier information and is readily accessible at any time and from everywhere. E-procurement allows two-way communication of real-time financial and purchasing information. Management at both the buying and selling end can see what is happening at any given moment and identify trends and problems. A shorter purchasing cycle enables companies to maintain lower inventory levels and respond more quickly to stock-outs. Previous Next

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