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ease
features
design
support

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Description

Sales forecasting can be enhanced through the use of machine learning algorithms that analyze various elements such as Seasonal Sales, Recurring Sales, Missed Sales, Related Sales, Marketing Promotions, Trend Impact, Abnormal Demand, and No Demand Cleanup. This process involves the automatic ranking of products at each outlet based on criteria like turnover, margin, and service level, facilitating a more strategic approach to inventory management. Additionally, it calculates the optimal safety stock levels for each product at each outlet to ensure sufficient supplies while minimizing excess. By determining the ideal reserve levels, resources can be utilized more effectively, leading to cost savings and improved efficiency. The system also assesses replenishment needs for all products across outlets and transit warehouses, generating comprehensive reports on product availability and liquidity. Important events trigger email notifications, ensuring relevant stakeholders stay informed. Furthermore, the system provides actionable recommendations for fulfilling calculated needs throughout the supply chain, while accounting for constraints such as priority, financial limits, service levels, and delivery methods. Automatically, it creates Supply and Sales Plans alongside Replenishment and Transfer Orders, streamlining operations and enhancing overall supply chain performance. Ultimately, this approach not only boosts operational efficiency but also improves decision-making processes across the board.

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

Screenshots View All

No images available

Integrations

No details available.

Integrations

No details available.

Pricing Details

$450 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

Mycroft Assistant

Founded

2014

Country

United States

Website

mycroft2b.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

Supply Chain Management

Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management

Product Features

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