Thrive Technologies Introduces Cutting-Edge Digital Technology to Alert Buyers of Unexpected Changes in Product Demand
Digital supply chain planning provider announces the launch of Tiltmeter, a new innovation that monitors for unexpected changes in demand and alerts buyers.
Thrive Technologies, the leading provider of digital supply chain planning to wholesale distribution companies, has announced the launch of its latest inventory solution—Tiltmeter. A game-changing innovation, Tiltmeter® effortlessly monitors each customer’s item purchase for unexpected changes in demand, and sends automated alerts to sales and buying teams when large changes are detected.
“Tiltmeter® is a critical new technology for wholesalers that allows them to seamlessly adjust inventory purchasing to prevent lost sales and dead stock,” said Rick Morris, Thrive’s CEO. “Automated alerts mean buyers can quickly pivot, buying more hot items before they stock out, and less of items that customers are no longer purchasing in high volumes. Tiltmeter® works right alongside your ERP system, detecting large demand swings in days instead of the six months typical of an ERP system alone.”
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“It’s impossible to keep up with the daily changes in supply and demand…Tiltmeter identifies big changes quickly, sending alerts so buyers can work proactively instead of reactively.”
— Rick Morris, CEO
Significant unexpected changes in customer demand are a primary driver of dead stock accumulation and stock-outs for wholesalers and distributors. Most ERP systems are incapable of detecting these changes quickly, leaving purchasing teams unaware of escalating inventory changes. When demand plummets for specific SKUs but a purchasing system continues to place orders, excess inventory accumulates, inventory turns drop, and the excess eventually becomes dead stock. This scenario can now be prevented with Tiltmeter®, which acts as an early-warning system as soon as demand shifts.
“The simple fact is that managing inventory would be easy if it weren’t an ever-changing process with sales adjusting at any given moment,” said Morris. “You can land a large account or lose a large account, and everything changes. A global pandemic can hit, sending everything into chaos and making product availability unpredictable. Buyers do their best, but it’s impossible to keep up with the daily changes in supply and demand when you have tens of thousands of items stocked. Tiltmeter identifies big changes quickly, sending alerts so buyers can work proactively instead of reactively.”
Thrive’s best-in-class team of engineers, developers, and supply chain professionals can implement Tiltmeter® in as few as 30 days. The cutting-edge technology leverages the same data running through an existing ERP system, requiring no process changes, or high-risk software implementations. This also means buyers do not require any training to use Tiltmeter, and simply continue using their current ERP system as usual.
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