IDEA’s IDW Data for Contractors Enters Year Three

The IDEA (Industry Data Exchange Association) Industry Data Warehouse 
(IDW) is now entering its third year of successful use by contractors 
worldwide to streamline parts ordering and produce accurate and timely 
estimates. IDEA

James R. Dukart

The IDEA (Industry Data Exchange Association) Industry Data Warehouse (IDW) is now entering its third year of successful use by contractors worldwide to streamline parts ordering and produce accurate and timely estimates.

In the face of modern disrupting trends and growth of online retailers like Amazon, the industry has been using the IDW to work together to ensure the electrical marketplace operates on more robust, accurate, and comprehensive product content.

The IDW combats competitive pressures by leveling the playing field, providing end-users with up-to-date pricing and more detailed product information for buying decisions, and making distributors' and manufacturers' internal business systems more efficient and cost-effective.

In the past year, IDEA announced several notable industry milestones. First, it has doubled its reach in the electrical industry, with nearly 300 distributors representing upwards of 8700 distributor locations relying on IDW for product pricing and marketing content.

The IDW Data Certification Program lists 93% of product fields in the IDW as compliant, with all 43 critical industry defined fields populated, 90% considered excellent, meaning the product content meets or exceeds industry standards and best practices.

Over 80 electrical industry experts from 45 companies have volunteered time to contribute to IDEA’s standards committees and subcommittees, ensuring that product information is standardized globally to facilitate international trade and commerce.
    
“The electrical industry has been contending with tough challenges the past few years with the digital movement, changing purchasing trends, and competitive pressures,” said Paul Molitor, President and CEO, IDEA. “Our manufacturers and distributors have stepped up to the plate to combat these challenges, and we're starting to see the results of these collaborative efforts with compliant and excellent product information, greater participation, and a more efficient supply chain.”


Photo courtesy of IDEA

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