Supplier Success: Leveraging ESM Punchout and Contract Pricing for Growth
Are you a Supplier with a catalog of products?
If so, this is for you!
At Eyvo Supplier Marketplace (ESM), one of our key features, the Punchout integration, revolutionizes suppliers' interactions with our platform.
What is Punchout?
Punchout enables seamless integration between you and buyers' procurement systems. In this case, it enables seamless integration between eProcurement software systems and Eyvo Supplier Marketplace (ESM).
From your (the suppliers') perspective, you can showcase your products directly within any procurement platform, making them readily accessible to our extensive client base.
Punchout Benefits for Suppliers who use our ESM
As a registered supplier on Eyvo's platform, Punchout offers a multitude of benefits:Enhanced Visibility: With punchout integration, your products become instantly visible to Eyvo's clients. This heightened visibility increases your chances of attracting potential buyers and expanding your customer base.
Real-Time Availability: Your clients can view the real-time availability of your items, ensuring accurate and up-to-date information on product availability and inventory levels.
Direct Ordering: Eyvo's clients can directly place orders with you through the Eyvo Supplier Marketplace (ESM) interface. This direct ordering process streamlines transactions, reducing delays and improving overall efficiency. It also helps you to receive orders instantly without a third party being involved.
Digital Purchase Orders: Upon receiving an order from an Eyvo client, a digital purchase order (PO) is automatically generated and sent to you. This digital PO can be easily accessed and managed through the ESM portal, simplifying order processing and fulfillment.
You can also sell your items to clients who are not Eyvo Clients: There is one more huge advantage to using ESM from the supplier's perspective. You are not just restricted to Eyvo’s clients. We open up our ESM to other procurement systems to use—so even if your client is not a client of Eyvo, you can still list on ESM and be accessible to the entire world of third-party eProcurement solutions!
Contract Pricing
Contract pricing refers to the negotiated prices, and terms agreed between you (the supplier) and a buyer to purchase goods or services over a specified period.
With our Eyvo Supplier Marketplace, you can offer specific and unique contract pricing to your customers efficiently. This means in practice that you can offer Item A at say $10.00 to Customer #1 and offer the same Item A to Customer #2 at say $12.00. In ESM, pricing contracts can be established for a specified date period, ranging from 1 day to several months/years. These long-term agreements will provide stability and predictability for the buyer and you, allowing everyone to plan and budget accordingly.
Contract pricing on our ESM provides you with numerous benefits, including revenue stability, volume commitments, competitive advantage, relationship building, efficiency gains, and risk management. By leveraging contract pricing capabilities, you can optimize your sales strategies, enhance customer relationships, and drive long-term growth and profitability.
Overall, contract pricing provides a framework for buyers and suppliers to establish mutually beneficial agreements that address your respective needs and requirements over a specified period. By formalizing pricing arrangements through contracts, both parties can mitigate risks, ensure consistency, and build stronger long-term relationships.