Thrive Technologies Partners With Encompass Technologies to Provide Clients With Supply Chain Operation Advantages
Thrive Technologies, the leading provider of digital inventory technologies to inventory-intensive companies, is pleased to announce a strategic partnership with Encompass Technologies, a comprehensive cloud-based ERP software technology provider for the food and beverage industry. The partnership will provide Encompass customers the ability to leverage Thrive’s innovative technologies to enhance supply chain operations, specifically in handling unpredictability and change.
“This is an exciting new partnership for the food and beverage industry, as the combination of technologies from both Encompass and Thrive can prove to be incredible game-changers for food and beverage supply chains,” said Thrive CEO Rick Morris. “Together we are making it easier for food and beverage manufacturers, wholesalers, and retailers to work together in quickly adapting to changes in demand and supply. Our technologies will strengthen the already strong planning functionality in Encompass, helping clients reduce stockouts and excess inventory while maximizing sales in these unpredictable times.”
“Together we are making it easier for food and beverage manufacturers, wholesalers, and retailers to work together in quickly adapting to changes in demand and supply.”— Rick Morris, CEO, Thrive Technologies
“The open sharing of data across the three tiers of the beer and beverage supply chain is a critical component for strategic brand planning and growth,” said Jonathan O’Neil, CEO of Encompass. “Our partnership with Thrive continues our mission to modernize the industry, enabling forecasting, demand planning, and predictive retail insights that enhance the ability to respond to consumer trends and supercharge distributors’ sales and marketing teams for success.”
One of the mutual clients, Phillips Brewing & Malting, a craft brewer in British Columbia, was able to reduce seasonal stockouts by 60 percent using Thrive in conjunction with Encompass. Phillips uses Thrive’s forecasts-as-a-service which is one of Thrive’s digital technologies. “We’ve experienced incredible results so far,” said Phillips General Manager Jim Lister. “The forecasts we receive from Thrive each week are now mission-critical for us moving forward.”
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