NetSuite Procurement
Control spending by effectively managing vendor relationships and automating purchase processes
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What is NetSuite Procurement?
NetSuite Procurement facilitates companies in purchasing goods and services at optimal prices and with timely delivery by directing purchase orders to approved suppliers and pre-negotiated contracts. Centralize vendor management and the procurement process to save time and money. Enhance visibility with real-time insights into company spend and vendor performance, promoting clear communication throughout the procure-to-pay process. The procurement dashboard consolidates all relevant procurement information, including transactions, records, vendor performance, and departmental expenditures.
Simplify Processes
Enhance efficiency and accuracy by automatically associating procurement transactions with vendor records, goods receipts, and billing documents, saving valuable time and ensuring precision in the procurement process.
Procurement Features
Sourcing management equips employees with the tools to select vendors able to supply the quality of goods you expect at the price you need to maximize profits.
Tracking purchases is an important step in maintaining inventory. Knowing what’s on order, in what quantities and when goods will be received makes it easier to optimize inventory levels.
Effectively manage vendor payments by automating receipt of ordered items, processing bills and planning payments in a timely manner.
Centrally manage all aspects of your vendor relations. NetSuite vendor management simplifies supplier communication and vendor performance.