Intermittent demand. Large, sudden changes in sales and lead times. Your ERP struggles to manage these, and that’s not your fault.
These "blind spots" create stockouts and dead stock across thousands of your SKUs.
By monitoring your recent sales and lead times, our breakthrough AI technologies continuously optimize your existing ERP settings to reduce stockouts and dead stock, without the need for a costly new software implementation.
These are your inventory blind spots.
Unpredictable demand
Challenge
You rely on your ERP to help you manage inventory, and that works fairly well for high-demand, predictable SKUs. But did you know that your ERP does not effectively manage low-selling SKUs that only move a handful per year? These SKUs cause up to 90% of your dead stock.
Over time, many slow-moving SKUs stop selling altogether, turning into dead stock and lowering your inventory turns.
Solution
We have the AI technology, Thermostock, to help you monitor recent sales activity for every SKU – not just high-volume SKUs. It automatically optimizes the stocking levels of all of them for peak profitability.
The return? Our data shows we can reduce dead stock by 46% in as quickly as four months.
Large changes in demand and supply
Challenge
The buying quantities and stocking levels in your purchasing systems are only as good as your forecasts. When large changes occur in sales – up or down – it takes your purchasing system 4-6 months to adjust to the new level of sales, resulting in lost sales or unneeded inventory. Sound familiar?
Solution
Four to six months is far too long, so we created an AI technology, Tiltmeter, to monitor the sale of each SKU to sense when an unprecedented change has occurred. It notifies your operations and buying teams that your purchasing system might need to be adjusted, allowing for faster response (1-2 months instead of 4-6) and decreasing stockouts and dead stock.
Tiltmeter also addresses a drastic change in supply by detecting when a key supplier is shipping much later or faster than normal. It sends a revised lead-time number to help ensure you have what you need in stock, while automatically adjusting the lead time in your ERP.
Gain full inventory transparency with targeted AI technologies that optimize your blind spots.
Eliminate your blind spots created by unpredictable demand and change that your ERP can’t detect with our suite of patent-pending AI technologies, Thermostock and Tiltmeter. They plug into your ERP with an API connection, helping you stay on top of all, not a portion of, your inventory.
Automatically identify and optimize unpredictable demand from low-selling SKU inventory.
Quickly detect inventory problems leading to stockouts and dead stock by increasing the speed at which your purchasing system reacts to demand and supply changes.
Unlike replacing your entire purchasing system, which frequently takes more than six months for full implementation, integrating our targeted solutions takes as little as 30 days per module.
Once connected, you will get insights to:
Average amount of dead stock reduction with our technology in four months
The average improvement on your fill rates for your low-selling parts
Monthly data records analyzed per client
As a team of supply chain analysts and technologists, we help solve your most pressing inventory challenges with advanced optimization technology that scales across your entire organization.
"Cutting POs for certain vendors used to take a buyer two full days of analysis, so they could only cut the POs every two or three months. Now those same vendor POs can be cut every two weeks because it only takes 15 minutes using Thrive."
Adison Korsgaard
Vice President of Finance