A PunchOut Catalog, more accurately known as a PunchOut Website, is a method for a corporate purchasing agent to buy from a supplier’s website from inside the buyer’s own procurement application or hosted eprocurement system.
A PunchOut website is a standard ecommerce website with all the special capacity to communicate directly having a procurement system through cXML and return a pending purchase order returning to the purchaser so that they don’t need to enter product information within the procurement system.
To comprehend a PunchOut, it’s vital that you understand modern procurement systems and where punchout suits the picture. With traditional procurement systems, supplier catalog items could be entered in the procurement system whenever a purchase order was being created or perhaps the item would be found in the procurement system master catalog and included in the purchase order. As time passes, procurement systems gained the ability to import supplier catalogs into the procurement system. The buying organization, often the purchasing department, had the duty to get in the catalog information, convert it in one electronic form to another, and keep costs.
After their founding in 1996, Ariba® introduced the Catalog Interchange Format (CIF); this standardized electronic file format for supplier catalogs eliminated the necessity for buyers to manually enter item information or convert files from one format to another. With the CIF standard, suppliers could easily publish catalogs and buyers could easily import them. As opposed to centering on mundane catalog management, purchasing departments could allocate additional time on spend management.
The Catalog Interchange Format is ideal for catalogs that infrequently change. When a supplier sells a widget or performs services that stays the same for a long time of your time, a CIF file is the best way to communicate catalogs under one thousand items. Within this global economy with nimble suppliers, mass customization, and commodity pricing, a catalog of static information, fixed pricing, as well as the inability to customize is a concern.
Inside the consumer world, the solution to your static product catalog, and even its replacement, is definitely the ecommerce website. For any corporate purchasing agent working in a procurement system or hosted eprocurement website, accessing an external supplier website isn’t possible. Even if it were possible, there was clearly no standard method to automatically enter in the item information from the website to the procurement system.
In many cases a static catalog as well as the lack of ability to exchange information with the ecommerce website reintroduces significant work for the purchasing department. To deal with this challenge, an electronic aniwag interchange standard known as the Commerce eXtensible Markup Language (cXML) and PunchOut concept was designed by the cxml.org industry consortium.
Through cXML as well as the PunchOut mechanism, buyers can access a supplier’s PunchOut-enabled ecommerce website, be automatically logged in, search the catalog, configure items, add those to the shopping cart application, and return the cart as a pending purchase order returning to the procurement system. To put it briefly a PunchOut website is actually a standard ecommerce website using the special ability to communicate directly having a procurement system through cXML and return a pending purchase order back to the customer so they don’t must enter product information inside the procurement system.
In which a CIF catalog is static, punchout is really a dynamic product and a service catalog is dynamic platform allowing for current information, product configuration, and real-time price and availability.