Which of the following can help in managing price fluctuations effectively in the purchasing process?

Using a Price Comparison List is a valuable tool for effectively managing price fluctuations in the purchasing process. This list allows purchasers to evaluate and compare prices from different suppliers for the same materials or services. By having this information readily available, buyers can make informed decisions about which suppliers provide the best value, taking into account not just price but also factors like quality and reliability.

When prices fluctuate, the Price Comparison List becomes essential in identifying the most cost-effective suppliers at any given time. It helps maintain competitiveness and control over purchasing costs and supports negotiations with suppliers based on current market conditions.

Other options might provide useful information in various aspects of procurement, but they do not specifically address managing price fluctuations in the same direct way. A Supplier File contains essential details about suppliers but does not provide current price comparisons. Order History offers insights into past purchases which may help in forecasting future needs, but it lacks real-time pricing data. Material Valuation provides information on the cost of materials for financial reporting and inventory management, but it does not assist in day-to-day purchasing decisions related to price variations.