This vendor application provides adequate information for ordering goods and services and supplies marketing and promotional information directly to the customers. It is far more dynamic and automated, and it is easier for it to be integrated with the E-commerce system.
The events that happen in various aspects of the PunchOut website are:
Connect: Allows buyers to browse the supplier's website, enables them to view their product catalog through the e-procurement system.
Shop: The buyer searches for the item he needs without actually visiting the supplier site; when he is done, he waits for approval.
Purchase order: Once the approval is given and account information is provided, the buyer's E-procurement application sends the order request.
Redirect and Data transfer: Using the PunchOut system, that order request made by the buyer is redirected or transferred to the supplier's site in standard PunchOut languages cXML or OCI.
Shipping: When the order is finally processed by the supplier, the packing of the product for shipping starts immediately in real-time.
Record keeping: When the products have been successfully shipped and the transaction completed, the PunchOut would send data concerning the order back to the e-procurement for future reference, inspection and report.
PunchOut integration over the years has been made to be easy and cheap, and the process quite simple to understand and execute. However, languages and protocols have to be properly set and managed. For most companies, corporations are trying to stay in a competitive market, even government agencies. E e-procurement systems are a great way to monitor employee purchases, give approvals, keep track of company expenses and save time.