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Description
Ensure your top-selling items remain in high demand by maintaining adequate inventory levels that align with customer needs. Free up cash that’s locked in slow-moving or excess stock so you can reinvest in your leading merchandise. Monitor precisely what you need to restock and the optimal timing for reorders, taking into account critical aspects like lead times, out-of-stock durations, seasonality, and more. By having a consolidated overview of all your sales platforms and inventory sites, you can ensure the timely replenishment of the necessary products, no matter where your business operates. Utilize seasonal forecasting techniques for enhanced accuracy in predicting the demand for your seasonal offerings. For products with consistent monthly sales, adopt non-seasonal forecasting and customize your timeframe to analyze sales patterns effectively. Leverage historical stockout data to improve demand predictions, as this method calculates forecasts based on item availability, disregarding periods of unavailability. By implementing these strategies, you can optimize your inventory management and significantly boost your sales performance.
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.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Ordoro
QuickBooks Commerce
ShipBob
Unleashed
Pricing Details
$99 per month
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Inventory Planner by Sage
Founded
2014
Country
France
Website
inventory-planner.com
Vendor Details
Company Name
Thrive Technologies
Founded
2001
Country
United States
Website
thrivetech.com
Product 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