Fourth Procurement and Inventory vs. Thrive Technologies

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fourth Procurement and Inventory
Score 8.0 out of 10
N/A
Fourth Procurement and Inventory is software that ties together procurement, 3-way matching, inventory and recipe control. It’s fully integrated, mobile-friendly and can be accessed with a single login. Using predicted sales functionality and analytics, it lets the user forecast demand more accurately.N/A
Thrive Technologies
Score 6.3 out of 10
N/A
Thrive is an inventory management software offering from Thrive Technologies. It is built to help distribution and retail companies needing to improve demand forecasting, and it helps inventory replenishment functionality in ERP systems.N/A
Pricing
Fourth Procurement and InventoryThrive Technologies
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Fourth Procurement and InventoryThrive Technologies
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Fourth Procurement and InventoryThrive Technologies
Top Pros
Top Cons
Best Alternatives
Fourth Procurement and InventoryThrive Technologies
Small Businesses
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Medium-sized Companies
SAP S/4HANA Cloud
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Enterprises
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User Ratings
Fourth Procurement and InventoryThrive Technologies
Likelihood to Recommend
7.4
(4 ratings)
9.0
(1 ratings)
Support Rating
7.5
(4 ratings)
-
(0 ratings)
User Testimonials
Fourth Procurement and InventoryThrive Technologies
Likelihood to Recommend
HotSchedules and Fourth
The product is user-friendly in automating the tasks, managing the master data through central purchasing, and creating custom reports. It lacks certain basic functionalities like a record of wastages, sending automated emails confirming if the automatic tasks (scheduled tasks) have been completed or not, and the ability to automate the nutrition information, etc.
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Thrive Technologies
No solution is perfect, but I would say that Thrive is a particularly robust and complex solution that's intended to tackle major demand management and inventory forecasting problems. Smaller companies simply won't need a solution that's so all-encompassing. I would recommend waiting unitl you know that you need it before moving forward with a solution like Thrive.
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Pros
HotSchedules and Fourth
  • The 'stock management' tab on the home screen is of particular use when keeping tabs on incoming deliveries into the restaurant.
  • The option to open and close your stock period is great as you have the chance to edit your stock at a moment's notice.
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Thrive Technologies
  • Cloud-based, accurate forecasting system saves lots of time and can tangibly boosts ROI
  • Robust demand management down to the SKU level
  • Optimized replenishment prevents too much money from being tied up in inventory
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Cons
HotSchedules and Fourth
  • It would help massively to see via Enterprise and menu items what ones are no longer active, to keep the data tidy.
  • When you take purchase reports from Enterprise and select to organise them by category, show the name of the category on the actual report download.
  • Quick and easy upload/download of supplier products for correcting prices, descriptions, prices in bulk.
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Thrive Technologies
  • Although it's simpler than many alternatives, it's a highly complex system and at times we felt lost during the transition period.
  • We didn't get the results we had imagined when looking at their case studies and marketing materials. I understand many factors go into those things, and their case studies are not necessarily indicative of typical results, but your mileage may vary.
  • Inventory replenishment alerts about potential stockouts weren't always reliable.
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Support Rating
HotSchedules and Fourth
Too long to get an answer.
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Thrive Technologies
No answers on this topic
Alternatives Considered
HotSchedules and Fourth
No answers on this topic
Thrive Technologies
Abas ERP was what we had used previously, and though it did its job adequately, it lacked the forecasting, demand management, and inventory replenishment sophistication of Thrive. We reached a point where we felt it was untenable to supplement the previous system on our own which necessitated the switch to Thrive.
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Return on Investment
HotSchedules and Fourth
  • Procurement: Integrating some of the key suppliers with Trade Simple has saved labour hours.
  • Integration: GL Integrations have increased the efficiency and quality of data.
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Thrive Technologies
  • We were able to reduce the amount of resources tied up in inventory
  • Forecasting tools meant significantly less time spent trying to wrangle spreadsheets
  • The transition was painful, causing initial doubts, but it was certainly worth the growing pains
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ScreenShots

Fourth Procurement and Inventory Screenshots

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