Overview of NetSuite Purchase Contracts
Setting Up NetSuite Purchase Contracts
Enable Purchase Contracts Features
Create a Purchase Contract
Purchase Contract – Header Level
Purchase Contract – Line Items
Using the Item dropdown column, select an item. The Vendor Name, Units, and Description fields will auto-populate when you select an item. You will need to enter a value in the Base Rate field. The base rate of an item is that item’s original cost, without any of the vendor’s tiered discounts applied. Then, use the icon in the Additional Pricing field to add the pricing tiers.
Using NetSuite Purchase Contracts
You will need to select a vendor connected to an active purchase contract, however, in order to make a selection in the purchase contract dropdown field. Purchase contracts will include a history of any linked purchase orders, which gives you visibility in how this purchase contract has been used.