Item: Thrive Technologies
Rating: 9
Author: Verified User

Overall Satisfaction with Thrive

Use Cases and Deployment Scope

My company previously used an ERP system before switching to Thrive, and the forecasting ability of that system, was, to put it mildly, insufficient. It forced us to rely on a series of house-made spreadsheets, which was difficult to maintain, especially given the amount of people that needed to use them. Thrive has given us a much more accurate forecasting picture, and that alone is worth the price of admission.

Pros and Cons

Pros

Cloud-based, accurate forecasting system saves lots of time and can tangibly boosts ROI
Robust demand management down to the SKU level
Optimized replenishment prevents too much money from being tied up in inventory

Cons

Although it's simpler than many alternatives, it's a highly complex system and at times we felt lost during the transition period.
We didn't get the results we had imagined when looking at their case studies and marketing materials. I understand many factors go into those things, and their case studies are not necessarily indicative of typical results, but your mileage may vary.
Inventory replenishment alerts about potential stockouts weren't always reliable.

Return on Investment

We were able to reduce the amount of resources tied up in inventory
Forecasting tools meant significantly less time spent trying to wrangle spreadsheets
The transition was painful, causing initial doubts, but it was certainly worth the growing pains

Alternatives Considered

Abas ERP

Abas ERP was what we had used previously, and though it did its job adequately, it lacked the forecasting, demand management, and inventory replenishment sophistication of Thrive. We reached a point where we felt it was untenable to supplement the previous system on our own which necessitated the switch to Thrive.

Other Software Used

Google Authenticator, Google Classroom, Asana

Likelihood to Recommend

No solution is perfect, but I would say that Thrive is a particularly robust and complex solution that's intended to tackle major demand management and inventory forecasting problems. Smaller companies simply won't need a solution that's so all-encompassing. I would recommend waiting unitl you know that you need it before moving forward with a solution like Thrive.

Comments

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