Understanding eProcurement & Punchout
What is eProcurement?
eProcurement is an electronic procurement, or supplies exchange. Put simply, it is the purchase of supplies, equipment, products, and services through an online system.
eProcurement systems reduce the cost of doing business and boost efficiency and effectiveness by automating interactions between an enterprise and its customers or other partners.
What is a Punchout catalog?
Punchout catalogs are a tool that connect an enterprise’s catalog with its partners’ procurement tools.
Your partners can research and buy your products from within their ERP or eProcurement system, where they can see their specific contractual terms, conditions, prices, shipping costs, and more. The Punchout catalog that they view is personalized and transfers purchase orders to their own internal procurement systems.