Are you a B2B
buyer using a procurement system to purchase products and services from
supplier? If the answer is yes, it is time to streamline your purchasing process
using a PunchOut catalog.
PunchOut mechanism ushers in a new era of speed and efficiency, making it much
easier to procure products from suppliers.
Although
procurement system automates the purchasing process and is considered an
effective way to connect buyers to suppliers, one has to still execute a number
of steps in order to complete the process. For instance, once in the Oracle iprocurement
catalog system, you have to login with the right credentials in
order to access the supplier’s catalog. Again, you have to sort and filter products,
since the catalog will also contain products that do not match with your
assigned ‘Product List’. This can be tedious and time consuming.
PunchOut Offers Single Click Shopping
With a PunchOut catalog solution,
you make your purchasing process more efficient by getting rid of unnecessary
steps. As a buyer, you get one click access to your supplier’s website within
your own procurement system.
Moreover, the
PunchOut OCI catalog you
access is customized as per the contract agreement between you and the
supplier. So the product offering and pricing you see in the catalog is
contract-specific. You will see only
those products that you are authorized to purchase. This eliminates the need
for filtering products to view your own catalog. Also, order errors related to
product pricing and availability are less likely to occur as you get updated
catalog information in real time. Moreover, you access your own catalog that is
personalized just for you.
The process
workflow for PunchOut ordering involves minimum no. of steps, hence you find it
easy and pleasant to do business with suppliers that provide PunchOut-enabled
store. You are sure to get a user-friendly shopping experience that will exceed
your expectations.
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