Integration Between a Marketplace and PeopleSoft eProcurement

A Marketplace is an electronic trading community in which buyers and sellers use a common internet portal. Integrating the eProcurement system with Marketplace suppliers enables you to review the latest supplier catalogs and prices in a Marketplace, and then download these catalogs into eProcurement. When you connect to a Marketplace with eProcurement, you can:

• Load or update items from a Marketplace into eProcurement catalogs and use these items on eProcurement requisitions and purchase orders.

• Pass purchase orders and change orders that are created in eProcurement to a Marketplace where suppliers receive the orders and review them.

• Pass the supplier's response to the purchase order from a Marketplace to eProcurement.

  In a Marketplace, if you are using xCBL 2.0 or Business Interlinks, the supplier responds by accepting or rejecting the purchase order. This response is passed to eProcurement where it is inserted in the PO Dispatch Message Log page. The status of the PO in eProcurement changes to Dispatched.

• Load or create a receipt using advanced shipment receipt (ASR).

• Load or create an voucher or invoice for the purchase order.

• Use the price check feature in eProcurement to update an item's price to match the current price in a Marketplace.

  Users receive the latest price for an item, which is important when prices frequently fluctuate.

• Use the availability check feature in eProcurement to update an item's available quantity to match the supplier's available quantity in a Marketplace.

  Users know before submitting an order whether stock is currently available.

• Use the order status feature in eProcurement to request the current status of the purchase orders submitted to a Marketplace.

Note:

Not all suppliers support all features of this integration. For example, availability check will not work unless the supplier has integrated their inventory system with a Marketplace.