B2B customers
who are not using PunchOut technology have a hard time interacting with their
suppliers. The traditional CIF catalog makes it horribly inefficient for customers
to conduct transactions. On the other hand, PunchOut offers an easy way for its
users to access a supplier’s website from within their procurement system.
Why to Use PunchOut?
Maintain Approval Process
B2B customers
typically create approval hierarchies when it comes to approving a purchase
order. Oracle iProcurement PunchOut enables
them to maintain approval hierarchies. This is because when the customer add
products into the shopping cart and close the PunchOut session, the cart
automatically returns to his procurement system. Once in the procurement
application the cart is automatically routed for approval as per the hierarchy
set by the customer. So the PunchOut technology never interferes with the
approval process of B2B customers.
Supports Electronic Purchase Order (PO)
Once the
shopping cart is approved, it is converted into PO and electronically sent to
the supplier. This ensures order accuracy and faster order processing and
fulfilment, thereby enhancing productivity associated with processing orders. Oracle iProcurement PunchOut solution users
don’t have to follow manual purchase order procedures, which are enormously
tedious and time consuming.
No Catalog Maintenance
The PunchOut
user (B2B customer) does not have to reserve any resources for maintaining the
catalog. Catalog maintenance is a tedious process, which is efficiently handled
by the supplier. The catalog containing thousands of items is updated on a
regular basis by the supplier. The customer is merely connected to the catalog
via PunchOut.
Real Time Availability
As a B2B
customer, you have real time access to product information. So whenever the
supplier changes pricing information or product description, it is immediately
available to the customer. Unlike CIF catalog, the customer does not have to
wait for hours or even months to access latest updates.
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