Inventory purchasing softwareprovider Thrive Technologies recently announced that global textile solutions leader American Dawn has adopted the Thrive S&OP System. Sales and Operations Planning Software(S&OP) is a proven way for companies to improve their demand plans by incorporating sales and marketing knowledge not contained in the demand history.
Salespeople have knowledge of customer activity, new accounts, and lost accounts that will have an impact on the upcoming demand that the buyers (and forecasting systems) are unaware of. By having regular structured meetings focused on Sales and Operations Planning to collect this feedback from the sales team, the operations and purchasing personnel can incorporate this information into the demand plans improving forecast accuracywhich reduces lost sales and overstocking.
“With a need to integrate with their Oracle EBS system, American Dawn wanted a more structured way to provide forecasts on key clients to salespeople for feedback and adjustment,” explained Thrive Technologies CEO Rick Morris.
Thrive provides an automated, intelligent methodology to incorporate a Sales and Operations Planning software and process with metrics to measure improvement. First Thrive leverages its patent pending demand forecastingengine to generate a forecast report that can be automatically emailed to sales and operations planning teams to collaboratively review. Information included for sales and operations planning purposes includes item number, category, subcategory, velocity code, demand history and twelve-month forecast.
“American Dawn also needed improved baseline statistical forecasts,” said Morris. “And we have been hearing great feedback from their team on improvements in this area.”
About American Dawn
Founded in 1900 in Bombay, India, with U.S. headquarters in 1972, American Dawn (ADI) is the global leader in reusable textile solutions. As a privately-owned textile manufacturer, importer, and distributor, the company focus is to provide customers with high quality, innovative products, competitive prices, and excellent customer service.
With company-owned distribution centers in Los Angeles, Chicago, Houston, Atlanta, and Philadelphia, ADI is logistically positioned to serve over 85 percent of the U.S. laundry market with same-day shipping and next-day delivery. Additionally, ADI has partnership with carefully evaluated sourcing mills, which they monitored closely for quality systems. ADI strives to provide the highest quality products to meet every requirement that today’s business customers have come to expect. For more information, visit www.americandawn.com.
About Thrive Technologies
Thrive Technologies is a cloud-based, SaaS (Software as a Service) provider of inventory optimization software which increases inventory profitability for multi-location wholesale distributors, master distributors, and retailers. Their award-winning demand forecasting; inventory replenishment; and inventory optimization software and services interface with all ERP systems.
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.