Why to Use PunchOut Catalog
For
any supplier, a PunchOut catalog feature
provides the best way to handle B2B transactions. Large customers as well as
supplier find it easier to conduct business via PunchOut. In fact, such is the
popularity of this feature that suppliers don’t stand a chance to reach B2B
customer without PunchOut. No wonder, it is rightly said that to win big deals,
it is imperative for suppliers to incorporate this feature into their business.
This technology simplifies purchasing process, hence can play a crucial role to
attract and grow B2B business.
One
of the main advantages of Punchout protocol is that the customer no longer has
to input login credentials to access his site. The protocol sets up a direction
connection between the supplier’s product catalog and the customer’s
procurement system. So even if the supplier’s site is remotely located,
customers are able to access it from within their procurement system. Simply
clicking the PunchOut link takes the customer directly to the desired site.
Customers
commonly use Oracle’s iprocurement system for purchasing products. Using
PunchOut, the supplier’s website content automatically loads into the Oracle
iProcurement catalog.
Being
a customized website is the biggest perk of a PunchOut catalog. The website is
designed keeping the customer’s requirements in mind. All the product
categories and sub-categories visible in the website are as per the
specifications given by the customer. This means it will feature products,
pricing etc., that are agreed and approved by both the user and the supplier.
Users of SAP procurement system cannot view non-approved products into their SAP
catalog.
PunchOut
eliminates the tedious taking of wading through non-contract products. This
considerably saves the customer’s time and effort in purchasing products. Creating
non-contract purchase order would become a thing of the past. As a supplier,
you are assured of getting accurate PO, which in turn speeds up the ordering
process.
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