Reasons to Synchronize Your Data Through IDEA
The electrical industry is at a turning point. In an increasingly global and faster moving competitive landscape, the need to switch from paper-based processes to electronic is critical. Data synchronization is becoming the industry standard. And the best place to make it happen is with the experts who create the standards—IDEA. Here are 10 reasons why:
IDEA’s first priority is to serve the industry – no matter the size of the company. So they help you every step of the way to make your transition painless and rewarding
With IDEA, you can synchronize and centralize your data without investing in any new hardware or software.
By automating the transaction process, you eliminate labor-intensive manual tasks and minimize errors, thereby reducing time and costs throughout the supply network.
Lower labor costs can translate to either lower prices or larger margins. Customers gravitate to those who are easy to do business with. And making your data part of an online data pool exposes your products to global customers. All of this can improve your competitiveness.
IDEA’s Industry Data Exchange (IDX) customers save as much as 90% over other solutions. Industry Data Warehouse (IDW) customers can realize a .5%-2.5% increase in profits simply by centralizing their data. And Industry Retail Database (IRD) saves suppliers 33%-40% over alternative solutions.
When everyone within your organization and across your supply network is using the same UPC numbers, costs, units of measure, descriptions and other data to identify your products, transactions and other business flow smoothly. This happens through IDEA’s Data Audit Certification program – ensuring manufacturer owned data passes the test before it makes its way to the end user.
When orders flow smoothly, quickly, and flawlessly, customers are much happier to do business with you and are more likely to buy more.
By satisfying requirements and presenting data in a uniform way that simplifies processes and saves time throughout the supply network, you’ll strengthen your business relationships.
When you store all your product information in a centralized location, everyone can be sure they’re conducting business with the latest version of your data.
With less time spent correcting errors and answering inquiries, you’ll have more time to spend growing your business.
