Inventory purchasing software provider Thrive Technologies recently announced signage and graphics industry supply distributor S&F Supplies has significantly improved their inventory purchasing efficiencies from utilizing Thrive’s system. With this implementation, S&F Supplies has been able to align strategic inventory policy with daily inventory buyer activity, creating a more cohesive and streamlined inventory purchasing and inventory transfer process.

“Buyers are much more efficient. Cutting PO’s for certain vendors used to take a buyer two full days of analysis so they would only cut the PO’s every two or three months,” explained S&F Purchasing Manager Mendel Sandel. “Now those same vendor PO’s can be cut every two weeks because it only takes 15 minutes using Thrive, which has reduced the inventory that we need to stock and improved our service levels.”

Thrive’s Demand Forecasting Software helps companies accurately forecast sales, providing for less buffer stock and increased inventory profitability. The system is comprised of Thrive’s proprietary patent-pending forecast engine that utilizes the latest forecasting science to evaluate over 400 forecast model variations for each projected item. 

The Inventory Replenishment Software is a powerful system that generates optimal suggested purchase orders and transfer orders for the inventory buyers.In addition, Thrive’s Inventory Replenishment software immediately provides unprecedented levels of Inventory Intelligence, the kind of information that you cannot get from your ERP system, such as:

• “What if” analysis for users to easily examine the impact of changes in inventory policies on service levels and inventory levels.

• Daily calculated overview of inventory performance including current number of items out of stock, dollar amount of overstock, 12-month projections of inventory balances, projected service levels, inventory turns, etc.

• Trend analysis of overstock and stockouts. What items have the highest stockout incidences?  Are there certain product categories that are more prone to overstocking, and why?

“Working with Thrive has been a very good experience,” remarked Mendel. “With Thrive we are working with people who have many years of experience who can provide consulting and best practices that I have come to rely upon. Real professionals every time you call.”

“We are thrilled that S&F has implemented Thrive’s Inventory Purchasing system,” remarked Thrive Technologies CEO Rick Morris. “S&F is a really smart company that is constantly improving their core processes to better satisfy their customers, and we are very proud to be partnered with them.”

About Thrive Technologies

Thrive Technologies is committed to solving supply chain planning issues for inventory-intensive companies without requiring expensive risky software implementations. Thrive has developed patent-pending technologies that analyze billions of rows of inventory data and have reduced dead stock by 43.5% in 4 months. Thrive’s inventory solutions are live within days, integrate closely with clients’ ERP systems, and provide unprecedented agility in managing unpredictability and change in demand and supply chains.

For more information, please visit Thrive Technologies at www.thrivetech.com or follow them on LinkedIn, Facebook or Twitter.

About S&F Supplies

Established in 1985 as a supplier for the sign industry, S&F Supplies is today the leader in awnings, signs, and wide format printing equipment, media, and supplies. As a key distributor for almost all major brands, they are consistently able to supply their value-driven customers with “the best – for less.” And they are able to deliver orders fast. 

Some of their products are manufactured exclusively for their business. Their state-of-the-art offices and fully stocked warehouses enable S & F to stay continuously current with all the newest products and technology advances – all with one goal in mind: to provide customers with the right merchandise at the right time, from print media, hardware . . . and everything in-between. For more information, visit their website at www.sfsupplies.com