Inventory Optimization, Simplified
Our ERP optimizers monitor and adjust the existing settings with your ERP system, so you don't have to implement a costly inventory purchasing system.
Optimize Your ERP System
Is it possible to fix your wholesale inventory challenges without new software?
You’ve made a large investment in your ERP system. There’s no need to replace your entire ERP purchasing software when you can use our inventory ERP optimizers to dynamically optimize your ERP's static settings.
ERP systems have a lot of inventory settings, but they are rarely reviewed and optimized. Thrive's analyses have shown these static settings cause the bulk of inventory challenges for wholesale distributors.
Failing to optimize your slow-moving SKUs causes:
- Excess dead stock
- Low inventory turns
- Lost sales
- Low fill rates
- Dissatisfied clients
- Too many backorders
Thermostock®
Prevent up to 90% of your dead stock by automatically identifying and optimizing low-volume SKUs.
Tiltmeter®
Reduce stockouts and lost sales by up to 50% by increasing your ERP’s response time to demand and supply changes.
Chosen by North America’s Largest Wholesalers
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Cost Effective, Time Saving
Replacing your ERP purchasing module is cost-intensive and time-consuming with a high risk of not improving your issues of unpredictable demand and change. We created a better way.
Thermostock and Tiltmeter leverage your existing investment in your ERP system – while delivering transformative results.
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 |
Your Questions, In Focus
What is inventory optimization?
Inventory optimization determines the optimal inventory level for a business to maintain at any given time to ensure efficient operations. Optimizing inventory involves analyzing sales trends, customer behavior, product life cycle, and supply chain disruptions to make informed decisions about inventory planning. It ensures businesses maintain a balanced inventory that meets customer demands while minimizing inventory holding costs.
How can I optimize inventory for maximum results?
Here are some key factors to optimize your inventory performance:
- Measure forecast accuracy and adjust forecast settings regularly so that forecasts are as accurate as possible.
- Define inventory policies for each meaningful group of items so that ERP purchasing settings can be configured for each group.
- Monitor each product’s lifecycle.
- Monitor customer preferences and identify when they change.
- Monitor supplier performance, especially recent fluctuations that require adjustments in your inventory procurement.
- Establish and follow a regular cadence to review metrics (e.g. forecast accuracy, overstock, and demand and supply changes) to adjust ERP settings and assumptions.
How does Thrive optimize inventory without implementing a new purchasing system?
We developed inventory optimization software that targets low-volume SKUs and unpredictable supply and demand that constrain the functionality of your existing ERP. Our AI technologies plug into your ERP with an API connection, collecting your real data to show you the full picture of your total inventory.