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Thrive has proven to be a valuable tool for managing inventory and improving service levels in various organizations. Users have been able …
Overview
What is Thrive Technologies?
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.
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What is Thrive Technologies?
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.
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Product Details
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What is Thrive Technologies?
Thrive Technologies helps to solve supply chain planning issues for inventory-intensive companies without requiring expensive risky software implementations. Thrive has developed patent-pending technologies that leverage machine learning to analyze billions of rows of inventory data to prevent the accumulation of dead stock and reduce lost sales. Thrive’s inventory solutions integrate closely with clients’ ERP systems to provide agility in managing unpredictability and change in demand and supply chains.
Thrive Technologies Competitors
Thrive Technologies Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Thrive has proven to be a valuable tool for managing inventory and improving service levels in various organizations. Users have been able to efficiently manage thousands of products across multiple distribution centers with the help of Thrive, resulting in lower inventory levels and improved service levels. The platform's user-friendly interface and efficient features have made team management easier and more streamlined.
One key use case of Thrive is its ability to eliminate the need for second-guessing purchase suggestions. Users have found the platform's long-term forecasting capabilities to be highly beneficial, providing accurate insights and reducing the risk of overstocking or understocking. Additionally, for organizations dealing with individual reimbursements and claims, Thrive has proven to be a very helpful tool in tracking the approval process online.
Another major advantage of Thrive is its cloud-based forecasting system, which has received praise from users for its accuracy. This feature not only saves time but also boosts return on investment by providing real-time insights into demand patterns and sales trends. In addition, Thrive has solved the challenge of maintaining and managing data through spreadsheets, offering a more streamlined solution that reduces errors and improves data integrity.
For large e-commerce retailers, Thrive has become a valuable resource in managing inventory and improving forecasting accuracy. It supports MRP processes by providing comprehensive insights into inventory levels and demand trends. As a result, organizations have been able to optimize their operations and reduce costs.
Thrive has also been known to replace insufficient ERP systems, offering users a more accurate forecasting picture. By relying less on house-made spreadsheets, users can make more informed decisions based on real-time data.
Overall, users have found Thrive to be an efficient and time-saving tool that provides valuable insights into inventory management and forecasting. Whether it's managing thousands of products across distribution centers or tracking individual reimbursements, Thrive offers a comprehensive solution that improves efficiency and service levels while reducing costs.
Impact on inventory management: Many users have stated that Thrive has had a profound impact on their inventory and demand planning activities, allowing them to reduce inventory while increasing service level. This indicates that Thrive's functionality and features are effective in optimizing their inventory management process.
Seamless implementation: Several users have mentioned that the implementation of Thrive was seamless and provided a significant return on investment. This indicates that Thrive's implementation process is smooth and efficient, resulting in a positive outcome for the users.
Accurate forecasting capabilities: Users have expressed satisfaction with Thrive's forecasting capabilities, stating that it provides a more accurate forecasting picture compared to their previous ERP system. This indicates that Thrive's forecasting functionality is reliable and valuable for the users' businesses.
Time Zone Limitations: Some users have found the time zone difference to be limiting for meeting availability, making it difficult to schedule meetings with international colleagues. This issue has been mentioned by a number of reviewers who would appreciate more flexibility in terms of accommodating different time zones.
Limited Tools and Designs: Some reviewers have expressed their desire for a wider range of tools and designs available in the software. They feel that the current options are somewhat limited and would like to see more variety in order to better customize their experience.
API Improvements Needed: Users have consistently mentioned that they would like to see improvements in the API provided by Thrive. Specifically, they have requested the addition of more services to enhance its functionality and make it more robust for integrations with other systems.
Reviews
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January 28, 2019
Thrive: when you're ready to take a big step!
My company previously used an ERP system before switching to Thrive, and the forecasting ability of that system, was, to put it mildly, insufficient. It forced us to rely on a series of house-made spreadsheets, which was difficult to maintain, especially given the amount of people that needed to use them. Thrive has given us a much more accurate forecasting picture, and that alone is worth the price of admission.
- 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
- 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.
- 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
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.