Back in the early 2000s, the hot new thing was to order office supplies right from your work computer. You’d pull up the preferred vendor’s catalog, search for a new stapler or mousepad, add them to your cart, return to the purchasing system, generate the requisition, issue the purchase order, get it approved, do the paperwork, place the order, hope the items were still in stock, wait for the supplies to arrive, and then pay. Simple, right? Okay, in hindsight, not really. But, at the time it was actually pretty revolutionary.
This describes many people’s first experience with a PunchOut catalog. But what if you were a purchaser with unique needs, like those in the biopharma, R&D or life sciences industries? What if you faced a time crunch, needed to compare products and prices across multiple vendors, or required a specialized item? Or, what if you needed to access independent lab supply reviews plus real-time product availability status? You would’ve been out of luck. To be honest, the world of PunchOuts hasn’t changed much today.
So, what is a PunchOut? A PunchOut catalog cuts out a few steps in the procurement process by auto-generating a requisition, the approval of which triggers the issuance of a purchase order.
We’ve all heard that more is more, right? Well, in the case of PunchOut catalogs, more is, unfortunately, less.
Once an end user must navigate multiple PunchOut sites from their procure-to-pay (P2P) platform, such as Ariba, Jaggaer, or Coupa, the process quickly loses its luster.
The goal is to make your lab supply purchase process as Amazon-like as possible with an eCommerce marketplace, such as ZAGENO, where millions of products from thousands of suppliers are streamlined through a single portal, with all orders being consolidated into one single invoice.
In comparison to the PunchOut catalogs of yesteryear (and even today), a digital procurement strategy that incorporates an eCommerce marketplace lets the lab have their thoroughly sourced, well vetted, in-stock cake and eat it, too. ZAGENO is the last and only PunchOut catalog you’ll ever need.