August 13, 2008

Did You Know? IDW Hot Facts

IDW keeps all pricing (Future, Current and Expired) separate and easy to access for lookups and downloads. During the setup of the new price sheet for the manufacturers, there is a feature which allows you to link the Future price sheet to a Current price sheet. Manufacturers are encouraged to setup their Future price sheets 4-6 weeks ahead of the price effective date to take full advantage of IDW’s capability to store concurrent Future, Current and Expired prices.

 

Current and Future price sheets should always be linked to allow you to take advantage of several great benefits which include:

 

AUTOMATIC PRICE SHEET EXPIRATION:

The Current price sheet is automatically expired at 12:00am PST the morning that the linked Future price sheet becomes effective. At that point, the Current price sheet becomes an expired price sheet and the Future price sheet becomes a Current price sheet.

 

COMPARISONS FOR PRICE CHANGES:

The IDW provides a comparison database to help manufacturers identify what should be the price increase or decrease. This is very important when a manufacturer has two Current price sheets because they need to identify the right linkage between new and old pricing for the purpose of price increase and decrease flags (+ -). When multiple Current price sheets exist, it is impossible for IDW to know which price sheet came before the new one. The price sheet linking feature provides that control and accuracy for the manufacturer.

 

AUTOMATIC AUTHORIZATIONS FROM CURRENT PRICE SHEET TO FUTURE PRICE SHEET:

IDW automatically moves all authorized trading partners from the Current price sheet to the Future price sheet when the two are linked. This saves time for the manufacturer and ensures Future pricing is fully assessable to authorized trading partners.

Please contact Beth Badrakhan at (703) 562-4602 if you have any questions about linking your price sheets in IDW.