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Thrive Technologies develops and markets cloud based demand forecasting and inventory replenishment software that increases profits for multi-location SKU intensive businesses in high service industries by maximizing their inventory performance. Thrive was founded in 2001, and has been recognized as one of the most promising technology companies in the state of Georgia, and in the supply chain industry. Thrive’s software enables wholesalers and retailers to cost effectively maximize the return from their inventory investment. The software integrates quickly with a company’s ERP system using automated intelligence to analyze and monitor over 40 supply and demand variables. The immediate benefits are reduced stock-outs, faster response to changes in demand or supply, and significantly improved profitability.
“We have also seen our turns move from 3.5 to 3.9 in a very difficult COVID-impacted 12 months despite carrying more inventory on some major product lines to protect us …
“We often stocked out of items in season due to inadequacies in our ERP system. The ERP system we use employs a moving average to calculate inventory buys. So it …
“We are growing quickly which means that our inventory could easily get out of control if not for our Thrive system.”
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