Remove Flexibility Remove Out-Tasking Remove Strategic Sourcing Remove Streamline Operations
article thumbnail

Catalog Management in Procurement: What Is It, Types of Catalogs, Challenges and Best Practices To Manage Them

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. There are two types of external catalogs – vendor self-managed and punch-out catalogs. On the other hand, a punch-out catalog gives buyers access to the vendor’s website through the buyer’s procurement software.