PunchOut is a
mechanism that allows B2B buyers to navigate to their supplier site from their procurement
application. Today, medium to large buying organizations and even government
agencies now want their suppliers to provide PunchOut functionality. The
mechanism allows suppliers to integrate seamlessly with the buying
organization’s procurement software. In PunchOut, data exchange between
applications takes place commonly in cXML format.
With PunchOut catalog, you eliminate all the
drawbacks associated with CIF catalog. With this functionality, individual B2B
buyers get direct access to their custom catalog. The mechanism allows large
customers to directly reach their Contract catalog that will display only the
products and pricing that is part of agreement. It eliminates the need to
calculate pricing manually that is part of contract. This makes it easier for
B2B buyers to manage and control their purchasing process.
Also, buyers
don’t have to browse endlessly through non-contract products to search their
pre-approved product. B2B buyers are no longer needed to maintain catalog; it is
managed completely by the supplier. As a supplier, PunchOut allows you to have
complete control over what you can display to your customers. You can even do
promotional activity such as product advertising through PunchOut and increase
sale.
Moreover, you
can provide product information in real time. This means any changes in product
pricing and availability are immediately visible to the B2B customer. Unlike
CIF catalog, making changes in PunchOut catalog is not at all a difficult job.
It can be done effortlessly in minimum amount of time.
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