NetSuite offers various tools to pick vendors supplying the best yet affordable products for optimal profits. Its functionalities help businesses including construction firms by ensuring the suppliers have the same information for quote submission. Users can request for quote, utilize contracts, or apply blanket purchases for more efficient transactions.
NetSuite Procurement Software simplifies the process of inventory maintenance by providing a way for companies to track purchase orders for optimal stock levels. Also, suppliers gain access to their accounts for monitoring their POs.
Oracle NetSuite has invoice processing functionalities to help businesses maintain vendor relationships. It automates receiving orders and prompt invoice and payment processing.
NetSuite maintains information on all vendors in a central repository. For example, purchasing managers of construction companies can quickly access and sustain relevant data about supply chains. Vendors can also access their information through an online portal.