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What is Thermostock?

Thermostock effortlessly connects with all ERP systems, automatically identifying and enhancing low-volume SKUs, which enables procurement teams to focus on items with consistent demand, particularly categories A and B. The process of SKU rationalization becomes easier through automation, as Thermostock assesses recent sales data for all SKUs in stock, marking those that have not sold in the last year as either nonstock or special orders, thus effectively curbing unnecessary purchases and minimizing dead stock. You can set inventory policies that reflect your unique goals, guaranteeing that your inventory management strategies are specifically designed to achieve your objectives. Additionally, Thermostock automates the determination of optimal Min/Max levels by scrutinizing the latest sales trends for each SKU and integrating those suggestions back into your ERP system. To combat overstocking challenges, Thermostock recommends a monthly review of surplus low-volume items, redistributing them to areas where demand still exists. By leveraging AI, Thermostock consistently evolves and fine-tunes its recommendations, ensuring that your inventory optimization strategies stay relevant amidst fluctuating sales patterns and market conditions. Consequently, businesses can benefit from improved efficiency and lower expenses, leading to a more streamlined supply chain and enhanced operational success. This innovative approach not only maximizes resource utilization but also fosters a proactive inventory management environment that can adapt to future challenges.

What is Inventory Planner by Sage?

To keep your best-selling products in high demand, it’s essential to manage inventory levels that meet customer expectations. Release cash tied up in slow-moving or surplus stock to reinvest in your top items. Accurately track what needs to be restocked and determine the best moments for reordering by considering crucial factors such as lead times, out-of-stock periods, and seasonality. Having a centralized view of all your sales channels and inventory locations enables you to ensure timely restocking of essential products, regardless of your business's operational scope. Employ seasonal forecasting methods to enhance your ability to anticipate demand for seasonal items effectively. For products that sell consistently every month, use non-seasonal forecasting, adjusting your analysis timeframe to capture sales trends accurately. Additionally, analyze historical stockout data to refine demand forecasts, as this approach accounts for availability while ignoring times when items are out of stock. By integrating these strategies, you can improve your inventory management, leading to a significant increase in sales performance, while also adapting to market changes more swiftly. Ultimately, a proactive inventory strategy not only maximizes efficiency but also enhances customer satisfaction by ensuring product availability.

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Integrations Supported

Ordoro
QuickBooks Commerce
ShipBob
Unleashed

Integrations Supported

Ordoro
QuickBooks Commerce
ShipBob
Unleashed

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

$99 per month
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Thrive Technologies

Date Founded

2001

Company Location

United States

Company Website

thrivetech.com

Company Facts

Organization Name

Inventory Planner by Sage

Date Founded

2014

Company Location

France

Company Website

inventory-planner.com

Categories and Features

Categories and Features

Inventory Management

Alerts/Notifications
Barcoding / RFID
Forecasting
Inventory Optimization
Kitting
Manufacturing Inventory Management
Mobile Access
Multi-Channel Management
Product Identification
Reorder Management
Reporting/Analytics
Retail Inventory Management
Supplier Management
Warehouse Management

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