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 which cuts out of stocks and lost sales by 50%. Thrive provides a unique goal oriented methodology that systematically increases its clients' fill rates and inventory turns.
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
“Thrive has improved our inventory balance across our branches, already cutting our lost sales by 25% and reducing our daily transfers by 50%.”
“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:
ALIGNMENT
This is where you establish your strategic goals and let our system know what goals the system should drive towards.
MEASUREMENT
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.
PRECISION
Thrive's patent pending forecast engine improves existing forecast accuracy by over 20%, reducing lost sales due to out of stocks by over 50%.
PROACTIVITY
Thrive provides buyers with data driven alerts and workflows that actually prevent lost sales before they happen. Thrive accurately projects inventory levels for management planning and vendor collaboration.
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Thrive has analyzed lost sales due to stock outs at hundreds of distribution companies since 2001 and we have made some interesting discoveries. We found that plumbing and PVF distributors lose between 3% and 10% of annual revenues due to out of stocks.