If you follow P2Insight through any of our social media accounts, you may have seen me mention that P2Insight and Vroozi are working together to bring vendor punch out functionality to Maximo within the past couple of days.
What is punch out functionality?
In procurement, punch out functionality means that you can jump out to a vendor site from within your existing purchasing application, search for and select the part you need, and return with it to your purchasing application, where the part information from the vendor site will auto-populate your PO lines.
To better illustrate the concept of punch out functionality, check out the two process flows below that use Maximo as the starting point. One of them is short enough that I had room for a doodle...
Vendor sites vs. marketplaces
You can punch out to a single vendor site, or to a marketplace.
What do you think?
Do you see a place for punch out functionality in your existing purchasing process? Are you using punch out already?