This is a actually a trick question since all industries can benefit from a Punchout Catalog. Over the past 15 years we’ve built Punchout Catalogs for everything from Bio Tech requisitions for research animals to a catalog that allows companies to requisition hourly employees.
There are a few industries that seem to get the most attention from eProcurement, this includes:
- Lab Supplies
- Office Supplies
- Facility & MRO (paper products, filters and electrical supplies
You might ask yourself why these industries are the most frequently enabled in eProcurement systems. The answer is very simple, they are generally standardized items that have a lower cost associated with them. A large buying organization may place 10 orders with one company per week, but each order is for 25 specific items. If the buying organization cannot automate these orders the cost to process them can be very high, almost off-setting the cost of ordering the items themselves. So automating with a Punchout Catalog, electronic Purchase Orders and electronic invoices make the most sense.