Streamline Your Procurement Process with the NetSuite Invoice Template for Procurement

Netsuite invoice template for Procurement

welcome to the demonstration of netsuite procurement netsuite's Advanced procurement module enhances an organization's toolkit for managing complex vendor relationships I have activated the advanced procurement features and I'm logged into the purchasing manager role there are four additional tools I can now see blanket purchase orders purchase requisitions requests for quotes and purchase contracts let's explore each of these blanket purchase orders make placing regular purchases with your vendors Easier by automatically queuing those orders for your purchasing agents blanket purchase orders can have their own unique terms and special instructions and items on blanket purchase orders can be set to a particular ordering schedule these orders can be automatically created or manually created at that time and you can set a schedule for them to Auto generate the quantities or manually enter the quantities across the different dates thank you reminders on the purchasing agents dashboard will let them know if there are any purchase orders they need to release when an employee or company representative needs something that should be purchased using company funds they can log into their employee Center role and initiate a request using this purchasing process here they can view open requisitions and the status of whether or not they've been ordered you can create a requisition simply by entering the item you'd like as well as an estimated amount of how much it will cost if this is predefined in the system it will automatically populate optionally I can also enter the vendor I'd like to order it from and the quantity I had need the appropriate managers will see purchase requisitions available on their dashboard the order requisition screen allows purchasing agents to view all approved purchase requisitions and select the vendor they would like to order them from group these vendors and create one purchase order to fulfill each of these requisitions a request for quotes allow teams to streamline their competitive bidding processes by bringing together the bid the vendors and the awards into a single spot I can create my RFQ by entering the items that I want as well as the additional pricing tiers that should be applied I can then select the vendors who should respond to the quote and send them an email with a link to the RFQ they can use to fill out their bid once these bids are in they can easily be converted into purchase contracts purchase contracts allow my organization to manage more complex pricing in terms agreements with our vendors contracts can have defined start and end dates as well as minimum contracted amounts and maximum contracted amounts I can review the status of my contract in the summary box these contracts can have unique terms and special instructions and at the item level we have the ability to set additional pricing levels these pricing levels can be determined to calculate discounts based on line quantity overall item quantity overall po item quantity you can also price using by the marginal rate the rate or a lot rate now purchase orders with eligible lines will allow me to apply the contract thank you for watching this demonstration if you have any questions please reach out to your account manager