How CICM and the Electrical Distributors’ Association are working together to improve the recognition of credit control within the industry.
Who are Electrical Distributors’ Association
EDA stands as a beacon of industry leadership, playing a pivotal role as the trade association for electrical wholesale distributors in the UK. Wholesale distributors form the backbone of the electrotechnical supply chain, acting as the essential conduit between manufacturers and the skilled professionals responsible for bringing these products to life.
The EDA's core mission revolves around supporting and representing UK wholesalers. With a membership structure that welcomes wholesalers as Members and opens its doors to manufacturers, solution providers, and service providers through Affiliated Membership, the association fosters a collaborative environment where industry stakeholders can come together to drive innovation and excellence.
How CICM is working together with Electrical Distributors Association
Margaret Fitzsimons, CEO at the Electrical Distributors’ Association, expressed, "Giving our members access to high-quality training is central to our work as a trade association." Recognising the crucial role of credit control in the success of electrical wholesaler businesses, Fitzsimons emphasised the need for professional skills to navigate the complexities of credit accounts and risk mitigation.
The partnership between CICM and the Electrical Distributors Association aims to enhance credit management skills, emphasising soft skills and adaptability, to address evolving challenges in the electrical sector and support professionals in decision-making, financial relationships, and risk mitigation.
Our partnership with the Electrical Distributors' Association marks a significant step forward in our mission to contribute to the growth and success of the electrical wholesale industry. Margaret Fitzsimons elaborated, "The EDA chose the Chartered Institute of Credit Management because they are the experts in this particular field." We are excited about the opportunities this collaboration will bring and the positive impact it will have on the industry. Stay tuned for updates as we work hand in hand with the EDA to shape a brighter and more dynamic future for electrical wholesale distribution in the UK.