Out
of contract purchases is one of the biggest problems faced by B2B customers. This
is because these large customers access the entire vendor/supplier catalog.
Hence many times, they inadvertently choose non-contract items, leading to
error in order processing. However, when the customers use PunchOut catalog,
they have access only to pre-approved items, thereby eliminating the time
consuming task of going through the whole catalog.
Contract
compliance with PunchOut is guaranteed while purchasing products as only
contract items are made available to the users. Also, product pricing is never
the same for two B2B customers. PunchOut ensures that every customer will be
able to view his own product pricing that are decided in the agreement. As a
result, buyers no longer have to spend time in manually calculating the special
or contract pricing whenever they select a product from the vendor catalog.
Also,
after logging out of the session, the cart returns to the customer’s
procurement system wherein it is automatically routed for approval. Moreover,
once the approval is received and a purchase order is created, it can be
electronically sent to the vendor with a single click. So one can say that the
protocol streamlines the ordering process of large customers. Orders generated
are error free, which can save a lot of time and money of both the customer and
the vendor.
Ariba
and SciQuest are some of the most sought after PunchOut providers. Suppliers
commonly use Ariba PunchOut catalog
to connect with their customers. No matter which one you prefer, B2B buyers
will surely find it convenient to purchase items through this functionality.
On
the whole, with PunchOut, interacting with vendor has never become so easy
before for B2B customers. The protocol makes it easy for them to do business
with vendor. So as a supplier, if you want to close more B2B deals, make sure
that you provide SciQuest PunchOut catalog
for your customers.
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