Procurement Module

Business Applications Procurement
1

What are the key features of the Procurement module?

2

Hi Maggie!

The Procurement module plays a key role in managing organizational spend, strengthening supplier relationships, and ensuring efficient purchasing operations. The relevance of the features listed below may vary depending on which capabilities are enabled and how the system is configured and customized –

  • Configuration & Setup:
    • Procurement Settings
    • Supply Chain Settings
    • Suppliers and Contacts
    • Supplier Qualifications
    • Supplier Item Relationships
    • Supplier Pricing
    • Hold Manager
    • Match Tolerances
    • Priority Sequencing
    • Shipping Terms
    • Ship Via
  • Documents:
    • Procurement Contracts
    • Purchase Requisitions
    • Supplier Quotes
    • Purchase Orders (and all of their various types)
    • Purchase Order Receipts
    • Purchase Order Returns
  • Integrations
    • Procure-to-Pay Matching
    • Reorder Point
    • Data Integrations/Imports (for the various document types)
  • Reporting & Analytics
    • Supplier Delivery Metrics
    • Buyer Dashboards
    • PDF Report Printouts
    • Interactive Reports
  • Usability Tools
    • Buyer Workbench
    • Internal Catalog
    • Supplier Portal
    • Role-based Access Control
    • Audit Trails
    • Messaging

As you can see, the Procurement module offers a wide range of capabilities. While this isn’t an exhaustive list, it provides a solid foundation for understanding how Nextworld supports the procurement process. Feel free to search Nextworld Help for more information on any of these topics!

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