Thrive's Inventory Forecasting and Replenishment solutions significantly improve a company's profitability by reducing stock-outs, increasing sales, reducing overstock, and freeing up cash flow. Click on one of the modules on the left to get more specific information on functionality.

What is Inventory Forecasting and Replenishment?

Sometimes referred to as Inventory Purchasing, Inventory Forecasting and Replenishment is advanced inventory buying functionality that supercharges the inventory purchasing in your existing ERP system. We set up the inventory forecasting system with your strategic inventory policies (eg what service levels you want to maintain at what level of inventory turns). Then the inventory forecasting system automatically analyzes demand and current daily stock status data from your ERP system to optimize inventory re-orders so they automatically conform to your strategic goals.

Inventory Forecasting and Replenishment: What does it do?

With Thrive’s Inventory Forecasting and Replenishment system, you can view your upcoming demand up to 12 months in the future for all items or any meaningful group. The inventory forecasting system then automatically identifies and predicts seasonal patterns for each item at each stocking location. And then the system analyzes your existing on-hand and on-order data to recommend optimal purchase orders by vendor.

Inventory Forecasting and Replenishment: Incredible ROI

During the current down economy, you should only consider systems that help you do more with less. Thrive’s Inventory Forecasting and Replenishment system has an immediate impact on your inventory levels, reducing inventory where it is not needed for upcoming sales, but increasing those that are historically prone to stock outs. The system lowers your overall inventory by 5% to 10% or more while increasing your sales by 2% to 3% or more.