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SAP ECC 6.0 Punchout process in MM

I did activate the catalogue to connect in the PR screen to connect to vendors website say Amazon.

Can any one explain how does the information flow from vendor website to SAP with respect to punch out process.

if the material doesn't exist in the SAP , how will the punch out process will work.

Will the master data be created in SAP in the punch out process.

How will the whole punchout process work in SAP ECC 6.0

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