NAED Endorses IDEA’s Industry Data Warehouse as Preferred Info Source
August 2, 2016
The Industry Data Exchange Association’s Industry Data Warehouse (IDW) has been endorsed by the National Association of Electrical Distributors (NAED) as the preferred source of manufacturer product and pricing information for NAED member companies.
NAED now joins the National Electrical Manufacturers Association (NEMA) in its support of the IDW.
“By subscribing to IDEA services, our distributors are able to plug into the same product information as the rest of the supply chain,” says Tom Naber, president and CEO, NAED.
“A growing number of our members rely on the IDW to gain access to a comprehensive database where they can exchange quality and reliable data that are assessed to meet industry standards. IDEA’s commitment to working with manufacturers to increase and improve this information through the Data Certification Program helps address our industry’s need for high-quality data and allows our distributors to maintain focus on their number one priority — their business.”
Data in the IDW are regularly updated by manufacturers and thoroughly evaluated against industry standards and best practices to ensure quality, consistency, and completeness. The IDW also facilitates communication between distributors and manufactures with tools such as the Data Quality Reporting Tool, through which distributors can report incongruous data directly to manufacturers and IDEA.
IDEA recently announced that it has partnered with Stibo Systems to power the next-generation IDW. With this new platform, NAED distributors will benefit from an easier onboarding process, a simpler communication channel between the entire supply chain, and enhanced visibility of manufacturer information. This investment in a new state-of-the-art platform aims to better address current user challenges and industry needs, and ensures that IDEA will be capable of evolving to meet the future needs of electrical distributors, as well.
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