Global manufacturing & distribution leader, MISUMI, simplifies the purchasing process for their eProcurement customers with PunchOut2Go
B2B companies of all sizes across many different industries such as manufacturing, automotive, medical and many more are adopting eProcurement spend management technology or are considering implementing it in order to gain visibility into organizational-wide spending and increase efficiencies within the purchasing process. According to the 2016 Deloitte Chief Procurement Officer Survey, 70% of procurement officers are investing heavily in self-service eProcurement web portals, which was up from 43% in 2015.
As more B2B buying organizations shift company spending to procurement technology and mandate their employees to purchase products from vendors through these self-service portals, B2B Suppliers are left to figure out how to directly connect their eCommerce storefront to their buyer’s procurement system to retain current business and win new sales opportunities.
MISUMI, a global leader in manufacturing and distribution of components for factory automation, press die and plastic mold was faced with this challenge and the enormous effort of integrating a punchout catalog and B2B order automation capabilities to retain business with one of their largest customers. MISUMI’s customer required quick lead time for the integration and in order to meet their customer demand, MISUMI decided to set out to find a solution that would provide cXML punchout catalog capabilities into their already existing homegrown eCommerce application, accelerate the initial time to go live and provide flexibility. After a careful vetting process, MISUMI chose to partner with PunchOut2Go, a cloud eProcurement integrations solution provider, due to being fully recognized in the market and the most experienced in terms of number of existing eProcurement integrations.
PunchOut2Go provides a cloud platform-as-a-service technology, the PunchOut2Go Gateway, which allows Suppliers to easily connect their B2B eCommerce storefront to their customers’ spend management systems. With the help of PunchOut2Go’s one-on-one development support, the PunchOut2Go Gateway technology was configured with MISUMI’s homegrown eCommerce application and deployed in just two weeks. This solution allows MISUMI’s eCommerce application to communicate with any procurement system such as SAP Ariba, Oracle, PeopleSoft, Coupa and many others, making it very easy for MISUMI to provide B2B eProcurement capabilities such as punchout catalogs, electronic purchase orders and invoices.
As a result, MISUMI can easily integrate their catalog of 80 sextillion Just checking: it really has 80 followed by 21 zeros parts configurations available? part configurations directly into their customer’s procurement system on any eProcurement system with PunchOut2Go. The first cXML integration completed in conjunction with PunchOut2Go’s integration support team, was the fastest lead time to their customer. In addition, MISUMI gained a competitive advantage and was given priority in the first group of supplier B2B integrations with a large enterprise customer utilizing Coupa Software for Business Spend. This integration contributed to MSIUMI’s overall sales volume growth and operating cost reduction.
About PunchOut2Go:
PunchOut2Go is a B2B cloud eProcurement integrations company enabling businesses from around the world to connect electronically in order to purchase and sell products and services. The only solution provider of a cloud-based adaptable gateway to integrate PunchOut Catalog functionality into Supplier’s existing eCommerce applications, plus plug-n-play solutions for popular eCommerce platforms and 3rd Party eCommerce provider integrated reseller solutions. PunchOut2Go provides 100% PunchOut compatibility and B2B Order automation, connecting with over 80 eProcurement platforms globally such as SAP Ariba, SAP, Oracle, Coupa, PeopleSoft, and JAGGAER (formerly SciQuest).
About MISUMI:
As a global leader in manufacturing and distribution of components for factory automation, press die and plastic mold, MISUMI offers over 16,000,000 standard and configurable components to its 220,000 customers worldwide. Configurable solutions allow customers to purchase the highest quality at a lower cost and shorter, more reliable lead time than ordering one-off components through a machine shop. In addition, MISUMI offers unique tools, service and resources that support the customer throughout their product lifecycle management process. MISUMI services a wide variety of industries including Automotive, Medical, Packaging, Semi-conductor and 3D Printing.