News & Links

Atlanta, GA, April 16th, 2009 —

Thrive Technologies, Inc, announced today that Century Fitness based in Midwest City, Oklahoma, has implemented Thrive’s ClearDay Web software to improve their inventory performance. Thrive Technologies is a leading provider of on-demand inventory performance systems for distribution intensive companies.

Scott Klososky, a successful technology entrepreneur and consultant, advises Century on strategic technology projects. “I was very impressed with the domain expertise that the Thrive personnel possessed and how their system can dramatically improve a company’s inventory practices and profitability,” said Klososky.

Thrive’s ClearDay Web software allows a distributor or retailer to define their strategic service and profitability goals in the software, and then translates those goals into daily tactical inventory buys. For each item that a company stocks, ClearDay Web analyzes over 40 variables daily that could impact demand or supply, such as a big sale, seasonality, promotions, vendor discounts, or changes in lead times. The software alerts buyers before issues occur (eg. stock-outs, excess stock) while the user still has time to prevent the problem. Thrive customers typically reduce their inventory as a percentage of revenues by at least 15% while reducing stock-outs.

Century is the world’s largest supplier of martial arts products. Consistently growing at a double digit pace, Century is expanding into markets such as boxing and fitness, and operates out of a facility that contains a 250,000 square feet manufacturing plant, over 500,000 square feet of state of the art distribution capacity, a 50 person Call Center, and its corporate headquarters.

Since they manufacture many of their own products and also import products from abroad, Century’s lead times can be long and present time consuming challenges in optimizing inventory to meet their high customer service standards. In addition, Century’s inventory planners must be able to stock the right inventory levels to support their sales through multiple sales channels including their direct sales efforts through their website and catalog, as well as their wholesale distribution sales to martial arts schools and to large retailers such as The Sports Authority, Dick's Sporting Goods, Big 5 and Academy.

Century uses Thrive’s software to improve their inventory turnover, to increase their in-stock percentages, and to free up time for their inventory buyers to allow them to work on more proactive and strategic activities.

About Thrive Technologies

Thrive Technologies is a leading provider of advanced inventory replenishment and inventory performance software for distribution intensive companies. Thrive’s proven products have provided over 70 companies the ability to set strategic customer service and inventory profit goals, which the software translates into optimized vendor buys. Thrive’s browser-based software is easy to use, and integrates quickly to existing enterprise software. Thrive’s implementation staff has strong domain expertise in the area of advanced replenishment buying for distributors. For more information, visit Thrive on the Web at www.thrivetech.com.