Often
referred to as buyer specific catalog, a PunchOut website is a customized
solution that is designed keeping the user’s requirements in mind. A PunchOut catalog
that establishes a direct connection between the supplier’s website and the
customer’s procurement system helps to ease the purchasing process.
Unlike the
traditional way, the customer doesn’t have to login with his credentials to
view the supplier’s website. A single click enables the customer to access the site.
This feature automates the ordering process, with suppliers receiving purchase
orders via email.
Every PunchOut
catalog solution is unique and setup differently. It is customized in the sense
that customers get to view products that fall under their contract agreement. So
the contract catalog will have products that the customer is entitled to
purchase. It is a pre-approved contract,
which will not contain products that the customer cannot order. The inventory
as well as the pricing information in the catalog is as per the terms of
contract agreement. So there is no question of purchasing products that violate
contract policies.
A PeopleSoft PunchOut catalog
offers a personalized shopping experience that is both seamless and memorable.
With this website, the supplier can show relevant recommendations (upsell and
cross-sell) as well as offer discounts that are targeted to that specific
customer. The supplier can also do promotions that are also aimed at that
particular shopper. So whatever offers and suggestions displayed on the site
are unique, hence provide more customer engagement.
On the whole,
a SciQuest PunchOut
provides an easy way to access pre-negotiated contract catalog through
procurement system. Moreover, it is personalized to each shopper, hence can
help to boost brand loyalty and increase customer retention. So as a supplier
if you want to woo large buyers, make sure that you sell products via PunchOut.
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