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Thrive Releases New Extreme Seasonality Functionality
New Functionality for Higher Forecast AccuracyWhen it comes to inventory forecasting, seasonal items are some of the toughest for a traditional ERP system to forecast- especially in an industry like...
View Article8 Top Reasons for Inventory Stockouts
As any company that sells product already knows, it is very costly to run out of stock on inventory. Yet the typical distributor loses 10% of their revenues in lost sales due to out of stocks based on...
View ArticleHow to Prevent Stockouts with Thrive Technologies
Now that you have learned what the eight top reasons for stockouts in a company are, we are going to tell you how to prevent these out of stock scenarios with Thrive Technologies software. Since...
View ArticleHow to Increase Inventory Turnover with Thrive
Inventory turnover is a metric that is widely used by distribution intensive companies to manage and observe trends in their inventory levels. We are often asked how companies can increase their...
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Do You Really Know How Much Inventory You Have?
One of my family’s favorite movies is “The Princess Bride”. If you have never seen it, it is truly a classic and funny family friendly movie.One of our favorite lines occurs early in the movie when...
View ArticleThe 4 Disciplines for Optimal Inventory Performance
In order to effectively break through and sustain improvements to your inventory, you need a system that allows you to establish your goals. This type of system will then measure itself and make...
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Alignment, The 1st Discipline of Thrive’s Inventory Optimization
Now that we have covered the four disciplines for optimal inventory performance, we want to go more into depth about each of these important disciplines. The first one is alignment. This is where you...
View ArticlePrecision, the 2nd Discipline of Thrive's Inventory Optimization
Now that you have read an overview of Thrive's four disciplines for optimal inventory performance, and have hopefully read our in depth article about Alignment, we would like to go over the second of...
View ArticleProactivity, The 3rd Discipline of Thrive's Inventory Performance
Now that you have read an overview of Thrive's four disciplines for optimal inventory performance, and have hopefully read our in depth articles about Alignment and Precision, we would like to go over...
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Measurement, The 4th Discipline of Thrive's Inventory Performance
Now that we have gone in depth about the first three disciplines of inventory performance- Alignment, Precision, and Proactivity- we are going to talk about the final discipline - Measurement.Thrive...
View ArticleWhy Should You Choose Thrive?
Simply put - Thrive's system is different than anything else available. We are cloud based - meaning we have the storage to perform complex formulas for each of our customers, to ensure their system's...
View ArticlePositive Results with Industry Leading Forecast Accuracy
All inventory decisions for wholesalers and retailers begin with some estimation of future sales (ie. forecast). Improving the accuracy of that forecast has a direct and significant impact on...
View ArticleThrive's 90 Day Return on Investment
Historically, one of the biggest challenges facing wholesale / retail companies looking to invest in a system to improve their inventory has been getting a solid return on their investment. And let’s...
View ArticleThrive Tech's Self Evident Inventory Improvement
Most companies develop plans and goals each year to improve inventory performance – their inventory turns, reduce their inventory by x dollars, reduce lost sales by x percent… but they have difficulty...
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Why Long Lead Times Present Such an Inventory Challenge for Master Distributors
Master distributors typically import their product in bulk from overseas vendors. Unless your products are light enough to ship economically via air, you probably get them shipped via boat. This...
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Inventory Mistakes Are Expensive
Do you measure the amount of sales you lose each year because of a lack of inventory? Many distributors assume lost sales are just an expected part of doing business in a competitive market. In...
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Inefficient Inventory Is A Barrier To Growth For Distributors
Growth is a primary goal for most distribution companies. Unfortunately, many barriers block the path of growth for distributors and many of those barriers come from internal issues. In fact,...
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Better Processes Make Happier More Effective Distribution Buyers
All of your employees want to do a great job. Success in work makes for happy employees and happy employees make for more success. To do a great job, you employees need the right set of goals, tools...
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How Compliance Impacts Plumbing/PVF Inventory
When plumbing and pipes / valves / fittings (PVF) distributors think about issues related to compliance, they often think about things like employee training, physical audits, updating MSDS...
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Big Clients, Big Inventory Fluctuations
In distribution, large clients have a disproportional impact on your business. Large clients bring in large orders and can have a very positive profit contribution. But they can also add stress to...
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