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Purchasing
& Vendor Management: Closer cooperation with
vendors can eliminate inefficiencies, resulting in reduced costs
and increased margins. NetSuite's purchasing and vendor management
tools streamline the requisition process and extend collaboration
with your vendors. NetSuite manages the entire procurement process,
while also giving your vendors access to such key data as inventory
reordering points and transaction histories. |
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PURCHASING &
VENDOR MANAGEMENT FEATURES: |
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Requisitions:
With NetSuite, you and your employees create
purchase requisitions with an online form that eliminates
paper-based forms and their associated errors. Once
completed, requisitions are automatically routed for
approval.
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Purchase
Orders: You can create purchase orders from
approved purchase requisitions, or generate them automatically
once reorder points have been reached. Plus, purchase
order numbers are generated automatically, which further
streamlines the process.
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Receiving
and Payment: Once received at your facility,
items are logged into the system as having matched the
original purchase order. With proper receipt and purchase
order matching, NetSuite notifies your accounts payable
department that payment should be made to the provider.
Payment can be handled with a check, via online banking,
or using Electronic Funds Transfer (EFT).
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Vendor
Centre: The integrated Vendor Centre provides
access to information that is crucial to your vendor partnerships,
including purchase orders, accounts payable data, and
other key documents.
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- Purchase Order Routing
- Print or E-mail Purchase Orders
- Partial Purchase Order Receipt
- Support for Drop Shipments
- Back Order Tracking
- Automatic Replenishment of Inventory
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