As a B2B
customer, if you have been using Oracle iProcurement to procure products from
your supplier, you need to use its PunchOut feature that can work wonders to
simplify your purchasing process. With this feature, you can use the
iProcurement shopping page to directly access the supplier’s site. After
logging into iProcurement module, you will notice a link and logo of the
supplier that you are connected to. Just click on the link and you will
PunchOut straight away to the supplier’s site. The catalog you access in the
supplier’s site is designed as per your requirements.
Oracle iProcurement PunchOut follows
a checkout process that is completely different from traditional checkout.
After you have done with your shopping and checkout, the cart return to your
iProcurement system. In a B2B environment, there are approval hierarchies
without which the order (products and bill) cannot be confirmed. PunchOut
functionality ensures that your cart follows the approval process that has been
established by your organization. For instance, many times the cart has to be
sent to the manager for approval. So
when the cart comes back to your iProcurement software, it is immediately routed
for approval electronically to the desired authority.
If you prefer
to buy products without PunchOut mechanism, you will have a hard time
maintaining the approval process. This is because, one of your sales reps will
have to manually keep a track of approval process. This can bring inefficiency
and significantly slow down the ordering process. Also, Oracle iProcurement PunchOut solution eliminates maverick spending that is
often responsible for huge revenue losses. As a result, you don’t have to deal
with uncontrollable spend, which cannot be analyzed.
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