Optimize Inventory Within Your Existing ERP Purchasing System
We regularly monitor and optimize your existing ERP settings for dramatically increased turns and fill rates without requiring a costly supply chain planning software implementation.
Empowering Inventory Optimization for Automotive Parts Wholesalers
Since Day 1, wholesale distributors have been looking at ways to better manage their inventory. For 50-plus years, since the first ERP system was designed, wholesale distributors have been forced to rely on a forecast-based or usage-based method to stock and buy inventory. Unfortunately, forecast-based and usage-based methods only work for predictable, high-volume SKUs.
In addition, the multitude of ERP purchasing settings are "set and forget," rarely being optimized.
Thrive's ERP optimizers address these issues by leveraging a pre-built integration to connect directly with your inventory system. That way, you don't have to go through a costly, lengthy, and risky supply chain planning software implementation. Thrive will actually provide more dramatic improvements in fill rates, reduced dead stock, and increased inventory turns.
Over the last few years, Thrive has developed patent pending AI technologies that optimize a wholesaler’s ERP system rather than requiring a new large supply chain planning software implementation. The results from clients have been mind blowing, to say the least.
- 78% reduction in dead stock over 12 months.
- Improvement in parts fill rates from under 80% to 88%.
Discover the difference |
Supply chain planning systems
|
Thrive's ERP inventory optimizers
|
|---|---|---|
|
Disruption
Requires buyers to learn a new system |
High disruption |
No disruption |
|
Expense
Cost of implementation and ongoing support |
High cost |
Low cost |
|
Failure risk
Risk of failed buyer adoption |
High risk |
No risk |
| Implementation time |
6-12 months |
Less than 30 days per module |
| Prevents dead stock |
No |
Yes, up to 90% |
|
Improves fill rates
On your low-selling parts |
No |
Yes, by an average of 8 points |
| Time to detect changes in demand and supply |
4-6 months |
1-2 months |
| Complimentary analysis (with your data) |
No |
Yes |
| Leverages ERP real-time on-hands and sales |
No |
Yes |
What Thrive Users Are Saying
"Twelve months ago, we had a ton of dead stock on our D & E low-selling items. In the last 12 months, we saw a decrease of 78.5% in dead stock on our D & E items. Thermostock is very important."
“The idea of something being set automatically and the ability to have Thermostock update regularly is very attractive. We've seen the results that it does a better job of keeping track of those C & D items than our ERP system is doing."
"When someone asks me about Thrive, the first thing I tell people is if your first question is going to be 'Should I do this?' I'll answer it for you – yes. Absolutely. And the second thing is if they ask 'Is it worth the price?' 100% it is."
The Missing Piece to Your Inventory Optimization Puzzle
Thrive’s studies of wholesalers across North America show that all the common issues wholesalers struggle with stem from unpredictability and change.
These common issues are:
- Inadequate fill rates and inventory turns on parts
- Stockouts and lost sales on high volume staple items
- Excessive dead stock
- Imbalanced inventory across locations
Wholesale Distributors: Our Primary Focus
The Results Are in from Epicor Eclipse Clients
Award-Winning Innovation
Our industry leadership and expertise in the field of inventory optimization have led to a variety of industry awards and recognitions.
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