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.

Pricing

Free Trial Offered?:
Yes

Integrations

No integrations listed.

Screenshots and Video

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Company Facts

Company Name:
Thrive Technologies
Date Founded:
2001
Company Location:
United States
Company Website:
thrivetech.com

Product Details

Deployment
SaaS
Windows
Mac
Chromebook
Training Options
Documentation Hub
Online Training
Webinars
Video Library

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Thermostock Categories and Features