Thermostock Description

Thermostock seamlessly integrates with all ERP systems, automatically pinpointing and optimizing low-volume SKUs, which allows procurement teams to prioritize items with predictable demand, such as A and B categories.

SKU rationalization is simplified through automation, as Thermostock reviews recent sales data for all stocked SKUs and flags those that haven't sold in the past year as nonstock or special orders, effectively preventing unnecessary purchases and reducing dead stock.

You have the ability to establish inventory policies that align with your specific objectives, ensuring that your inventory management practices are tailored to meet your goals.

Furthermore, Thermostock automates the calculation of optimal Min/Max levels by analyzing the most recent sales characteristics for each SKU and feeding those recommendations back into your ERP system.

To address overstocking issues, Thermostock suggests a monthly reassessment of low-volume items that are in surplus, redistributing them to locations where they are still in demand.

By harnessing the power of AI, Thermostock continuously adapts and refines its recommendations, ensuring that your inventory optimization remains effective even amid changing sales trends and market dynamics.

As a result, businesses can enjoy enhanced efficiency and reduced costs, ultimately contributing to a more streamlined supply chain.

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Company Details

Company:
Thrive Technologies
Year Founded:
2001
Headquarters:
United States
Website:
thrivetech.com

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