If you’re still relying on a combination of faxes, phone calls, paper catalogs, and emails to procure goods and services, the process can become not only time consuming and inefficient, but wasteful. How do you know you’re getting the best price? Are you buying at the right time? These questions, among others need to be answered quickly if you hope to want tighter control over spending.

Built to help users save time when buying goods and services for their company, NetSuite delivers easy-to-use purchasing and demand planning functionality, reducing costs by channeling purchases to approved suppliers and pre-negotiated contracts, and improving visibility by rendering real-time information into company spend and vendor performance.

These intelligent tools work together to improve purchase timing and allocation while simplifying sourcing, procurement, and vendor payment.

NetSuite streamlines and improves the accuracy of the procure-to-pay process by automating and linking key procurement transactions and providing approval and matching workflows to support internal controls and compliance requirements.

Key benefits of NetSuite Procurement include the following:

• Reduce work and errors associated with multiple buyer/vendor phone conversations and emails for every purchase.
• Enforce compliance by requiring purchases to be made only through contracted vendors.
• Minimize transaction costs by consolidating multiple requisitions into fewer purchase orders.
• Take advantage of negotiating quantity-based terms and discounts for bulk purchases.

At MIBAR, we know of few solutions on the market today able to compete with NetSuite’s intelligent and efficient procurement and demand planning software. Part of the larger NetSuite ERP solution, this module integrates with the rest of the suite, delivering speed, visibility, control, and cost optimization.

For nearly three decades, we have been in the business of ERP and if you are in the market for business-changing software like NetSuite, we invite you to browse other key modules and contact us to speak with one of our experienced consultants.