Product & Price Information Format transmits Green product info.February 23, 2012 -
Based on research and recommendation by joint task force led by Rex Davis, VP supply chain, IBT, Inc., PTDA and Bearing Specialists Association approved revision to Product and Price Information Format. PPIF v2.3 now includes 4 optional fields that enable manufacturers to indicate whether product is Green, classifications of eco-friendly products, independent organization or agency providing rating or certification, and Green validation of product.
Newly Released PPIF v. 2.3 Transmits Green Product Info |
Power Transmission Distributors Association
230 W. Monroe St
Chicago, IL, 60606-4703
USA
Press release date: February 21, 2012
Chicago, Ill. -The Power Transmission Distributors Association (PTDA) and the Bearing Specialists Association (BSA) recently approved a revision to the widely used Product & Price Information Format (PPIF). Based on research and recommendation by a joint task force, led by Rex Davis, VP supply chain, IBT, Inc., PPIF version 2.3 adds optional fields for providing product information on green designations and certifications. The effective date of PPIF v. 2.3 is March 31, 2012.
Why Add Optional Fields for Green Designations?
To meet the needs of customers who require a product with a green designation, the latest version of PPIF includes four optional fields for manufacturers to use in providing green information to distributors. These new optional fields in PPIF v. 2.3 enable manufacturers to indicate whether a product is "green," the classifications of eco-friendly products, the independent organization or agency providing the rating or certification and the green validation of the product.
Since 1999, the Product & Price Information Format (PPIF) has simplified the transmission of price and product information from suppliers to distributors by eliminating the patchwork of proprietary manufacturer pricing formats. This universally accepted format has streamlined the cumbersome, time-consuming process of updating database records to reflect current information.
In addition to IBT, companies represented on the PPIF Revision Task Force include Applied Industrial Technologies; BDI; Kaman Industrial Technologies Corp.; Loctite Industrial Group, Henkel Corp.; Motion Industries, Inc. and The Timken Company. Learn more about PPIF Version 2.3 and download the format by visiting www.ptda.org/PPIF or www.bsahome.org/tools/ppif.
Founded in 1960, the Power Transmission Distributors Association (PTDA) is the leading association for the industrial power transmission/motion control (PT/MC) distribution channel. A U.S.-based trade association, PTDA represents 178 power transmission/motion control distribution firms that generate more than $10 billion in sales and span just over 3,500 locations in North America and 11 other countries. PTDA members also include 180 manufacturers that supply the PT/MC industry.
PTDA is dedicated to providing exceptional networking, targeted education, relevant information and leading-edge business tools to help distributors and manufacturers meet marketplace demands competitively and profitably. For more information, call +1.312.516.2100 or visit www.ptda.org.
BSA is the must-belong-to organization for authorized bearing distributors. An international service and educational organization of distributors representing a total of almost 100 companies distributing factory-warranted ball-, roller-, and anti-friction bearings and invited manufacturers of bearings and related products, the association's mission says, "BSA is the forum to enhance networking and knowledge-sharing and promote the sale of bearings through authorized distributors." For more information on BSA, contact the BSA office at +1.630.858.3838; fax +1.630.790.3095; email info@bsahome.org or visit the association's website at www.bsahome.org.
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