The Procurement Glossary » PunchOut
PunchOut
Procure-to-Pay
Also known as: Punch-out, PunchOut Catalog
Definition
A connection that lets a buyer leave their procurement system, shop on a supplier's live website, and return the cart for approval and PO.
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Explanation
PunchOut (typically via cXML) keeps the supplier's rich, up-to-date catalog and pricing while preserving the buyer's approval and PO controls. The user shops the supplier site, then the basket flows back into the requisition for the normal workflow.
Example
A user punches out to the IT vendor's site, configures a laptop, and returns the cart into a requisition for approval.
Related terms
- Catalog — A curated, priced list of items available for purchase, from which buyers requisition without needing a fresh quote.
- Hosted Catalog — A supplier catalog whose item and price data is loaded into and stored within the buyer's procurement system.
- E-Procurement — The use of web-based systems to manage purchasing activities electronically, from requisition to payment.
- Guided Buying — A buying experience that steers users to compliant, preferred choices with a simple, consumer-like interface.
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Frequently Asked Questions
What is PunchOut?
A connection that lets a buyer leave their procurement system, shop on a supplier's live website, and return the cart for approval and PO. PunchOut (typically via cXML) keeps the supplier's rich, up-to-date catalog and pricing while preserving the buyer's approval and PO controls. The user shops the supplier site, then the basket flows back into the requisition for the normal workflow.
Can you give an example of PunchOut?
A user punches out to the IT vendor's site, configures a laptop, and returns the cart into a requisition for approval.
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