Oracle NetSuite Purchasing & Procurement
NetSuite Purchasing & Procurement helps businesses to streamline their purchasing and procurement processes. With NetSuite Purchasing & Procurement, businesses can manage their purchase orders, vendor contracts, and invoices in one place. Additionally, NetSuite Purchasing & Procurement integrates with other NetSuite modules, such as Inventory Management and Order Management, to provide a complete view of the business.
Industry Leading Purchasing and Procurement Software
Who is Oracle NetSuite?
NetSuite was founded in 1998 and is headquartered in San Mateo, California. The company has more than 4,000 employees and serves over 30,000 customers in more than 100 countries.
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In 2016, NetSuite was acquired by Oracle Corporation, further strengthening its position to remain the #1 Cloud ERP chosen by more companies than any other platform.
Top 5 NetSuite Purchasing and Procurement Features
Automate purchase order approvals
With NetSuite Workflows, users can create complex approval processes to ensure that purchase orders are routed to the correct departments and managers for approval. Once the order is approved, NetSuite can also automate the release of the purchase order to the right vendor to start the procurement process.
Create and manage vendor contracts
NetSuite Purchasing & Procurement includes a contract management module that allows users to create and manage vendor contracts and keep all information centralized for system users. With NetSuite Contract Management, businesses can track the status of their contracts, and can ensure that they are compliant with their contract terms, and that contract renewals are being automated.
Manage invoices and payments
NetSuite Purchasing & Procurement includes an invoice management module that allows businesses to track invoices and payments. With NetSuite Invoice Management, businesses can manage their Accounts Payable process, and can ensure that invoices are being paid on time.
Automate demand planning and purchase order suggestions
NetSuite Advanced Inventory Planning uses sales data, seasonal factors and marketing promotions to generate demand plans and purchase order suggestions. With NetSuite Advanced Inventory Planning, businesses can quickly create an optimal list of suggested purchase orders, and auto approve to release purchase orders to vendors.
Integrated with other NetSuite modules
NetSuite Purchasing & Procurement is integrated with other NetSuite modules, such as Inventory Management and Order Management. This provides businesses with a complete view of their business, from inventory levels to customer orders.
Business Impacts of Implementing NetSuite Purchasing & Procurement
NetSuite Purchasing & Procurement helps businesses to streamline their purchasing and procurement processes. By automating the approvals process, businesses can save time and money.
In addition, NetSuite Purchasing & Procurement provides businesses with a complete view of their business, from inventory levels to customer orders. As a result, businesses can make better informed decisions about their purchasing and procurement processes.
Benefits of Implementing NetSuite Purchasing & Procurement:
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Improved purchasing process
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Eliminate paper-based processes
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Integrated with other NetSuite modules
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Centralized view of all purchasing data.
Grow Your Business With NetSuite and CEBA Solutions
CEBA Solutions is a NetSuite Solution Provider with over 15 years of experience helping businesses to implement and optimize NetSuite. We offer a range of services to help businesses get the most out of their NetSuite investment, including implementation, customization, training, and support. Contact us today to learn more about how we can help you grow your business with NetSuite Purchasing and Procurement.