The optimized values from Thrive’s AI technologies flow into your ERP for full inventory visibility.
Avg amount of dead stock reduction with our technology in 4 months
Discover the difference |
ERP and supply chain planning systems
|
Thrive’s inventory optimization software
|
---|---|---|
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 |
Leverages ERP real-time on-hands and sales
Not batched, but real time |
No |
Yes |
Complimentary analysis (with your data) |
No |
Yes |
An ERP integration, short for Enterprise Resource Planning integration, refers to the process of connecting an ERP system with other software applications or systems. Often, users integrate other software or systems with their ERP to streamline and optimize data flow and automate processes.
Thrive systems obtain your sales transactions for every item at each stocking location. We also import more detailed inventory values including unit costs, items available on-hand and on-order from your ERP system to use in our analyses.
We send back optimized values to your ERP to improve purchasing. Values include item/location, stock/non-stock, and Min/Max.
Your ERP purchasing system does many things well, including managing and optimizing high-volume demand in real time. The areas it doesn’t do well are what we specialize in.
We created inventory optimization technologies that enhances your existing ERP investment so you don’t have to entirely replace it. They expose the blind spots of unpredictability and change that your ERP can’t detect to increase your inventory performance and ROI – without the hassle, time, expense, and learning curve.