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The 4 Breakthrough Disciplines for Higher Sustained Inventory Profitability
Thrive Technologies Inc.
Proprietary and Confidential©Copyright Thrive Technologies, Inc. All Rights Reserved.
Bringing Inventory Optimization for Multi-Location Wholesale, Retail and Master Distributors
PAGE 2About Thrive Technologies
Leading Provider of Cloud Based Inventory Optimization Systems to Multi-Location Wholesale, Retail and Master Distributors
Deep Domain Expertise in Distribution Inventory Management
Awarded inclusion in the 2013 and 2014 "100 Great Supply Chain Projects” by Supply & Demand Chain Executive
2014 Most Promising Supply Chain Solutions by CIO Review
2014 100 Great Supply Chain Partners
2014 and 2015 Supply Chain Pro to Know
PAGE 3
1. Uniquely, our customers can set their company’s plans and goals to improve inventory performance and align these goals with their tactical inventory buys and stocking levels.
2. Weekly, Thrive evaluates the past 36 months of item demand history to automatically assign the optimal predictive forecast for each SKU at every stocking location.
3. Thrive then projects forecasts and inventory balances to automatically optimize your inventory replenishment plan for the next 52 weeks. Alerting buyers to potential stockouts and automatically transferring overstocked inventory.
4. Next we proactively model and measure the impact of the plan on future inventory and identifies potential gaps or issues that need to be addressed to achieve those goals.
Management by Exception
Four things about Thrive’s technology
PAGE 4
The Thrive Technologies’ Workflow
Auto-download current item stock status, item and vendor updates.
Thrive analyzes over 40 variables including lead
times, service levels, sales volatility, daily sales and receipts.
Thrive builds orders for each vendor,
letting buyers know which ones are close to their minimums.
Thrive alerts buyers to items that need
review or adjustments.
Buyers review Thrive Orders, pushing up to minimums if needed.
Orders are posted and auto-uploaded to
purchasing system.
52 weeks’ forecasts regenerated based on latest demand.
Weekly
Daily Daily
Daily
Daily
Daily
Daily
User Case Study
Matco-Norco has been using our technology since 2006 to improve the forecasting accuracy!
• Thrive increased forecast accuracy to 95%
• Matco-Norca reduced inventory by 30% after 14 months
• Improved line fill rate by 8%
• A key vendor lowered lead times by 10% because they shared Thrive’s 12-month purchase projections with them
©Copyright Thrive Technologies, Inc. All Rights Reserved.
36 Month Demand History 52 Week Replenishment Plan
Screen Shot of Forecast Detail
This page is dedicated to one SKU / Location’s forecast analysis using Advanced Statistical Forecasting and Error Metrics. (Drill down by total, vendor, location, buyers,
etc.)
Circle Key: RED - Statistical Metrics, over 400 model variations run weekly. YELLOW - Accuracy Metrics GREEN – Advanced Forecast Settings and Preferences©Copyright Thrive Technologies, Inc. All Rights Reserved.
Circle Key: RED- Supplu Plan: Projected available, highlighting that it is under Safety Stock and will be out of stock in 5 weeks. GREEN – Forecast/Demand Pal: Variables used in forecasting demand which includes dependent locations and S&OP input. BLUE – show SKU replenishment parameters including Safety Stock Preferences for this Vendor/SKU/Location, Lead Time Management, Order Preferences and more. YELLOW shows stock of this SKU in the other locations.
Screen Shot of Replenishment
©Copyright Thrive Technologies, Inc. All Rights Reserved.
Top of Thrive DASHBOARD (By total, vendor, location, buyers, etc.)
Circle Keys: RED – On Hand Variables; BLUE – The Thrive Inventory Stack: The components that make up your inventory
Lower Section of the Thrive DASHBOARD
Circle Key: BLUE – Projected Supply and Demand Alignment Metrics RED – Projects Turns for the next 12 months.
