WE ARE THRIVE TECHNOLOGIES
Thrive Technologies increases inventory profitability for multi-location wholesale distributors, master distributors, and retailers with its award winning cloud based demand forecasting, inventory replenishment, and inventory optimization software and services. Thrive’s systems provide industry leading accuracy of projected demand at the SKU and aggregate levels plus precise control over inventory levels with an automated alignment to strategic supply chain goals.
Industry Leading Forecast Accuracy
All inventory decisions for wholesalers and retailers begin with some estimation of future sales (i.e. forecast). Improving the accuracy of that forecast has a direct and significant impact on inventory profitability.
Self Evident Inventory Improvement
You actually 'engineer' your supply chain plan in Thrive. It identifies gaps you may have to improve to achieve your goals. It uses this plan to calculate your tactical inventory buys and stocking levels.
90 Day Return on Investment
Historically, one of the biggest challenges facing wholesale/retail companies looking to invest in a system to improve their inventory has been getting a solid return on their investment.
OUR SATISFIED CUSTOMERS
“We are growing quickly which means that our inventory could easily get out of control if not for our Thrive system.”
“Thrive saves us 90 minutes a day over our previous JDA/E3 system, and has reduced our inventory by 16%.”
“Thrive reduced our inventory by 30% while increasing our line fill rate by 8%.”
THRIVE'S 4 DISCIPLINES FOR OPTIMAL INVENTORY PERFORMANCE
In order to effectively break through and sustain improvements to your inventory, you need a system that allows you to establish your goals. This type of system will then measure itself and make adjustments as necessary to keep moving towards your goals. In addition, it will provide feedback if something requires your review. Well, that's exactly what Thrive Technologies' inventory system does. We close the loop on your inventory management. Our system is constantly readjusting its own settings or providing alerts as things change to keep you moving towards your goals. In order to do this for our customers, Thrive Technologies employs four key disciplines for optimal inventory performance. They are:
This is where you establish your strategic goals and let our system know what goals the system should drive towards.
Since Thrive creates an accurate projection of sales and inventory levels, our customers become much more proactive with their inventory by using our system.
Thrive's system typically provides an aggregate forecast accuracy of over 90% - resulting in a much more precise and profitable mix of inventory than other solutions.
Thrive has access to unlimited data storage and processing power in the cloud, allowing the system to measure its performance so each individual client can monitor progress towards their inventory goals.