ROSSLYN, Va. – May 12,2005 – For IDEA customers and the electrical community, the future of e-commerce is now. IDEA, an industry backed e-commerce service provider, today announced that Industry Data Warehouse (IDW), version 2.0, or IDW2 as it is called, will be launched on May 16, 2005 at the NAED Annual Meeting in Boston, MA. As the successor to the current electronic data repository, the IDW2 features many improvements and new functions including:
- Full featured web interface
- Four product options
- Ease-of-use and flexibility
- Mapping and transformation
- Simplified authorization
- Data delivered in user’s ERP format
- Trade data option
- Data validation and certification embedded function
- Full messaging and reporting
- Web data tools
- Catalog look-up with Excel extract
- Published price and net price into stock
IDW2 was developed from recommendations made by IDEA customers and after a thorough review of the original IDW specification and needs of manufacturers, distributors and other authorized end users. IDEA issued an IDW2 RFP in July 2004, and conducted an extensive review process with an industry team. Activant Solutions, IDEA’s IDX2 and IDW contractor, was selected to develop and support the IDW2. The IDW2 expands on the original IDW concepts by focusing on ease-of-use and flexible integration with the distribution management systems. This second generation IDW will take the industry to next level of data synchronization and all the benefits that it entails.
"The IDW2 will deliver a powerful advantage to companies that want to streamline their business information processes," stated IDEA President, Mike Rioux. "The principal by which IDW was founded remains the same – a single source repository of manufacturer owned and managed data. However, the IDW2 operating system is greatly improved, making it much easier to deliver data to the IDW2. More importantly, distributors will be able to bring information into their business system using their own software ERP format. Data will be accepted in any electronic format and will be continuously validated against industry standards and requirements enabling a continuous data certification process. This will greatly improve data synchronization and chop order management costs out of the channel."
IDEA is an e-commerce service provider jointly owned by NEMA and NAED. Developed to drive down supply chain costs, IDEA (www.idea-esolutions.com), provides the Industry Data Warehouse (IDW2), a central repository of manufacturer product, pricing, and enriched data; the Industry Data Exchange (IDX2), an Internet-based communications hub that enables business trading partners to exchange business documents using EDI, XML, flat file, or Web form transactions sets; the Industry Retail Database (IRD) a central repository of manufacturer retail product data to meet retail hardware, CPG and EAN UCC requirements and the Data audit and Certifications (DAC) Program to verify manufacturer data meets specification criteria to ensure data synchronization between business partners.