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NetSuite Procurement online training

NetSuite Procurement training includes various activities related to procuring goods or services.

What is the purpose of Netsuit procurement? 
In general, the procurement team works to source consumables that offer the most value at competitive prices. However, not all companies define purchases the same way. Many companies think of procurement as encompassing all stages, from gathering business needs and procuring suppliers to tracking receipt of goods and updating payment terms.

Procurement includes the goods and services necessary to support a company in its day-to-day operations, such as procuring, negotiating terms, purchasing items, receiving and inspecting goods as required, and keeping records of all steps in the process. Includes all activities related to the procurement of services.

Sourcing is an important step in understanding the supply chain as it helps a business find reliable suppliers who can offer goods and services at competitive prices that meet the needs of the business. This is true whether your company is looking for raw materials for manufacturing, marketing service providers, or new office supplies.

Procurement type:

Direct Procurement:
It refers to procuring everything necessary to produce the final product. For manufacturing companies, this includes raw materials and components.
Indirect Procurement:
It usually involves the Purchase of items that are essential to day-to-day operations but do not directly contribute to the company's bottom line.
Procurement of goods:
Broadly refers to the procurement of physical items, and also includes items such as software subscriptions. Effective sourcing of goods generally relies on good supply chain management practices.
Service Procurement:
We focus on sourcing people-based services. Some companies may employ private contractors, temporary staff, law firms, or on-site security guards. You can include both direct and indirect procurement.


30-35 hrs

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