If you are part of an organisation that’s looking to appeal to institutions or businesses who want to cut out long-winded buying processes, then this is the place for you. To make the buying process easy, find more about punchout catalogs used in e-procurement. It’s perfectly natural to ask yourself why you should choose a hosted catalogue version as part of your business model. This article is here to provide a simple answer through a brief explanation of this particular type of e-commerce and the benefits it will have for you.
What is a Hosted Catalogue?
Hosted catalogues, also known as punchout catalogues or e-Catalogues, are e-commerce platforms that give corporations and organisations the opportunity to buy directly from your procurement system. While this may sound confusing at first, it’s just a way of describing a particular form of an online catalogue that erases the boundary between a business or institution and their supplier. A method that can be carried out through an eProcurement website that you will be listed on.
How does eProcurement work exactly?
To clarify, eProcurement refers to the actual web application itself and the place that can be used to purchase particular items or services directly from a provider. Buyers can search for eProcurement sites and have a look for themselves at the various online catalogues and during this process, they can be taken directly to your procurement system. The entire process is completed electronically and is very simple to use once you get the hang of it.
Why should I choose a Hosted Catalogue for my business?
You should choose a hosted catalogue because buyers will be able to connect directly with you which will reduce your need to try and appeal to numerous businesses separately, you will have complete control over everything listed about your company, and you will have your easy-to-use invoicing system.
Procuring goods and services will no longer be a hassle for clients and they will be able to connect with their supplier more directly than ever before. Many businesses are willing to use this system as it cuts down and simplifies ordering time greatly and helps to streamline the process.
So there you have it, the appeal of hosted catalogues in a nutshell. If you’re still asking yourself why you should choose a hosted catalogue version when you’re weighing up your options then why not have a look at some eProcurement sites yourself? The platforms are made to be accessible by a range of different companies and institutions and you will be able to gain an understanding of the appeal before you create your very own hosted catalogue.