S&F Supplies Improves Inventory Purchasing with Thrive Technologies
Leading Sign Supply Distributor Gains Buyer Efficiencies and Streamlined Processes
Inventory purchasing softwareprovider Thrive Technologies recently announced signage and graphics industry supply distributor S&F Supplies has significantly improved their inventory purchasing efficiencies from utilizing Thrive’s system. With this implementation, S&F Supplies has been able to align strategic inventory policy with daily inventory buyer activity, creating a more cohesive and streamlined inventory purchasing and inventory transferprocess.
“Buyers are much more efficient. Cutting PO’s for certain vendors used to take a buyer two full days of analysis so they would only cut the PO’s every two or three months,” explained S&F Purchasing Manager Mendel Sandel. “Now those same vendor PO’s can be cut every two weeks because it only takes 15 minutes using Thrive, which has reduced the inventory that we need to stock and improved our service levels.”
Thrive’s Demand Forecasting Softwarehelps companies accurately forecast sales, providing for less buffer stock and increased inventory profitability. The system is comprised of Thrive’s proprietary patent-pending forecast engine that utilizes the latest forecasting science to evaluate over 400 forecast model variations for each projected item.
The Inventory Replenishment Softwareis a powerful system that generates optimal suggested purchase orders and transfer orders for the inventory buyers.In addition, Thrive’s Inventory Replenishment software immediately provides unprecedented levels of Inventory Intelligence, the kind of information that you cannot get from your ERP system, such as:
“What if” analysis for users to easily examine the impact of changes in inventory policies on service levels and inventory levels.
Daily calculated overview of inventory performance including current number of items out of stock, dollar amount of overstock, 12-month projections of inventory balances, projected service levels, inventory turns, etc.
Trend analysis of overstock and stockouts. What items have the highest stockout incidences? Are there certain product categories that are more prone to overstocking, and why?
“Working with Thrive has been a very good experience,” remarked Mendel. “With Thrive we are working with people who have many years of experience who can provide consulting and best practices that I have come to rely upon. Real professionals every time you call.”
“We are thrilled that S&F has implemented Thrive’s Inventory Purchasing system,” remarked Thrive Technologies CEO Rick Morris. “S&F is a really smart company that is constantly improving their core processes to better satisfy their customers, and we are very proud to be partnered with them.”
About Thrive Technologies
Thrive Technologies is a cloud-based, SaaS (Software as a Service) provider of inventory optimization software. They operate on a secure private cloud and can interface with all ERP systems, regardless of platform (Windows Server, Linux, iSeries, etc.) including Epicor Eclipse, Prophet21, Infor SXe, JD Edwards, Oracle, Microsoft and homegrown systems. Thrive increases inventory profitability for multi-location wholesale distributors, master distributors, and retailers with its award-winning, cloud-based demand forecasting; inventory replenishment; and inventory optimization software and services.
Thrive’s systems provide industry leading accuracy of projected demand at the SKU and aggregate levels which cuts out of stocks and lost sales by 50 percent. Thrive’s clients gain precise control over inventory levels with an automated alignment to strategic supply chain goals. Thrive increases inventory profitability for wholesalers and master distributors in industries such as automotive parts, pipes / valves / fittings (PVF), HVAC, electrical, plumbing, and several other SKU intensive industry segments. Clients include Williams Distributing, Matco-Norca, LDR Industries, Webstone, General Air Service, Virginia ABC Stores, Keystone Automotive, and Fresh Express. For more information, please visit Thrive Technologies at www.thrivetech.com.
About S&F Supplies
Established in 1985 as a supplier for the sign industry, S&F Supplies is today the leader in awnings, signs, and wide format printing equipment, media, and supplies. As a key distributor for almost all major brands, they are consistently able to supply their value-driven customers with “the best – for less.” And they are able to deliver orders fast.
Some of their products are manufactured exclusively for their business. Their state-of-the-art offices and fully stocked warehouses enable S & F to stay continuously current with all the newest products and technology advances – all with one goal in mind: to provide customers with the right merchandise at the right time, from print media, hardware . . . and everything in-between. For more information, visit their website at www.sfsupplies.com
For the original news story, please visit https://www.prdistribution.com/news/sf-supplies-improves-inventory-purchasing-with-thrive-technologies/4250680.