PunchOut Procurement Dictionary
eProcurement and PunchOut Integration can be new to many organizations. However, it is important to have a solid understanding of these concepts both as a buyer and supplier. We prepared a list of terms to get you familiar with the space. Let us know in the comments if you think we need to add anything!
Advanced Shipment Notice; a document that provides information about an upcoming shipment to a customer
Business to Business commerce or transactions
Business to Consumer (or end user) commerce transactions
Purchasing environment in which the customer only has access to a certain suite of products, likely all from the same supplier
Common Business Library; a document framework that allows creation of detailed, reusable, XML documents for e-commerce
Sell a different product or service to an existing customer
Software used to facilitate B2B transactions on an eCommerce site setup to handle B2C transactions
Protocol, created by Ariba, intended for the communication of business documents between procurement applications and e-commerce sites
Commercial transactions conducted electronically on the internet
The business to business (B2B) process of requisitioning, ordering, and purchasing goods and services over the internet
Enterprise Resource Planning, a business process management software that allows an organization to use a system of integrated applications to manage business and automate many back-office functions related to technology, services and human resources
Software providing transactional integration between eProcurement systems and ecommerce providers
Purchasing of goods and services that are not directly incorporated into a product being manufactured
Document issued by the seller to the buyer, indicating the products, quantities, and agreed prices for a sale as well as the buyer’s payment terms
Agreement between the buyer and supplier on product pricing
Open Catalogs Interface; B2B mechanism that allows buyers to punchout to and purchase from suppliers
Document sent from vendor or supplier to the buyer to avoid confusion about order specifics
The act of obtaining goods or services for business purposes
An integrated connection to a buyers e-procurement or ERP system that presents goods and services to the buyer on the supplier’s website
PunchOut Setup Request
A request sent by the eProcurement system to the punchout catalog that validates user credentials and authorization
Document issued by a buyer to a supplier that indicates types, quantities and agreed prices for products or services
The process of requesting quotes for new products, obtaining vendor information and uploading it into your procurement software, determining the lead time, pricing, and minimum order quantities
The process of identifying, gathering, and analyzing your organizations spend data with the objective being to decrease procurement expenses
Selling strategy that encourages the customer to purchase more expensive items or buy add-on items
A person or company offering something for sale
Want to learn more about PunchOut Catalogs?
Check out our brief video for an overview!
What is eProcurement and why does it matter to my business? Many suppliers and customers still conduct B2B transactions through the old school methods of manual catalogs and phone orders. Because eProcurement has not been globally adopted for all indirect supply...
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