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Thrive Technologies

Thrive Technologies

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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Recent Reviews
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Pricing

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Thrive Technologies

Thrive Technologies

N/A
Unavailable

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.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Product Details

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 TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(14)

Reviews

(1-1 of 1)
Companies can't remove reviews or game the system. Here's why
January 28, 2019

Thrive: when you're ready to take a big step!

Verified User
Technician in Professional Services
Building Materials Company, 501-1000 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
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.
Pros and Cons
  • 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.
Likelihood to Recommend
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.
Return on Investment
  • 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
Alternatives Considered
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.
Other Software Used
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