Thrive Technologies CEO Rick Morris recently presented to the Advanced Inventory Management (AIM) Group for Infor SX.enterprise (SX.e) Users on Wednesday, March 13. The AIM Group is dedicated to the promotion of best practices of Advanced Inventory Management for users of SX.e. Morris’s presentation focused on better demand planning for Infor distribution clients, specifically those who utilize Infor’s SX.e product.
Williams chose Thrive’s inventory optimization system to better serve their customers and improve their inventory performance while still seamlessly interfacing with their existing ERP system. Jeff Beaton, Williams Executive Vice President states "To date Thrive’s inventory optimization system has helped Williams cut lost sales by 25%, reduced the number of daily transfers by over 50%, and reduced inventory by a week’s supply. So far, Williams has added over $2 million dollars in revenue and increased inventory efficiency."
Today Thrive Technologies is proud to announce that they have written the queries that any Epicor Prophet 21 customer can use to pull the data needed from the Prophet 21 SQL Server database to feed Thrive’s system. This greatly shortens a data integration process which typically takes weeks to a matter of minutes. These queries can be easily scheduled and the integration is complete.
Through a longstanding commitment to exceeding customer expectations, Bauer Built, Inc. has become one of the largest commercial tire dealers and retread manufacturers in the United States. Originally founded as an oil delivery service in 1944, Bauer Built has[Bauer Built Tire] steadily developed into a top provider of commercial, fleet, and retail tire and wheel reconditioning products and services. Today, Bauer Built employs over 500 people across seven states of the upper Midwest. In its tire division, Bauer Built has 30 tire centers, 3 mobile sites, 7 retread manufacturing plants, 3 rim and wheel reconditioning plants, and 11 wholesale distribution centers.
The CEO and founder of leading inventory optimization software provider Thrive Technologies is featured in a guest editorial about the direct correlation between vendor lead times and distributor inventory profitability in the October 2015 edition of the Supply House Times publication. Supply House Times is the official publication of the American Supply Association, a national organization serving wholesale distributors and their suppliers in the plumbing / heating / cooling /piping (PHCP) and industrial pipe / valve / fitting (PVF) industries.
In the article, Rick Morris, Thrive Technologies CEO, helps readers quantify the cost of vendors’ lead time variances, and offers step by step instructions to companies to start measuring and “dollarizing” this impact.