![]() However, instead of the suppliers handling the invoicing and sale of the purchased items, the entire transaction is managed by the buyer’s e-procurement system. Thus, these approved purchasers can place items in their online shopping carts and check out as they would when using an e-commerce solution. ![]() ![]() PunchOut catalogs connect e-procurement solutions to e-commerce systems that let business-to-business (B2B) companies streamline the shopping experience by automating order transfers or authentication within the e-procurement systems.Īpproved purchasers from the buying organization can access hosted catalogs as part of the purchasing process. ![]() PunchOut Catalog: What is it?Ī PunchOut catalog is an integrated e-procurement system that allows suppliers to promote goods and services to buyers through the supplier’s own procurement application or hosted e-procurement system. Once you are finished reading this article, you will have a deeper understanding of the PunchOut catalog and why many procurement professionals use it nowadays. Additionally, we will tell you some examples of PunchOut catalogs. We will explain how it works and its benefits in procurement. However, not many people in the industry are familiar with it.įor this article, we will discuss what a PunchOut catalog is. It allows them to have a purchasing experience that provides process improvement and better spend management for the entire organization without leaving their e-procurement system. A PunchOut catalog is a dream come true for many procurement professionals that use an e-procurement system. ![]()
0 Comments
Leave a Reply. |