Inventory Optimization, Simplified
Realize a new path of profitability with patent-pending AI technologies that target unaddressed inventory blind spots with a connection to your ERP.
Take Total Control of Your Inventory
Right products. Right places. Right times.
It’s your mission. But with today’s on-demand customer expectations combined with multiple locations and hundreds of thousands of SKUs, your job has never been more complex.
You rely on your ERP to help you manage it all. And that works OK, at best, for high-demand, predictable SKU items, but for low-demand, unpredictable SKUs, that’s another story. It doesn't keep key parts in stock or buys too much of SKUs that are no longer selling because their sales are not predictable.
Failing to manage your low-demand inventory causes:
- Excess dead stock
- Inaccurate forecasting
- Lost sales
- Stockouts
- Dissatisfied clients
- Less profit from inventory
Our Unique Inventory Optimization Software Fixes What’s Broken
For full inventory visibility
You’ve made a large investment in your ERP system. There’s no need to overhaul your entire purchasing system when you can use our inventory ERP optimizers to target the exact issues that improve its weaknesses.
Our inventory optimization software targets what constrains the functionality of your current ERP: unpredictable demand from low-selling SKUs, and slow response time to demand and supply changes. These are your inventory blind spots, and we can help you address them – simply.
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.
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 third-party purchasing 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 |
| Complimentary analysis (with your data) |
No |
Yes |
Complete the Inventory Picture
Finally gain control of unpredictable and changing demand and supply, enabling you to make proactive, data-driven decisions that:
-
Prevent up to 90% of dead stock.
-
Reduce up to 50% of lost sales.
-
Reduce the Cost of Goods Sold (COGS).
-
Improve inventory turns and fill rates.
-
Increase sales and profits.
Chosen by North America’s Largest Wholesalers
Optimize Your Inventory With Targeted Technology
Available for a limited time.
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.