Thrive Technologies Wins Best of SaaS Showplace Award
On-Demand Inventory Forecasting and Replenishment Solution Reduces Company Inventories and Improves Fill Rates
Wellesley, Mass. - January 11, 2010- THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Thrive Technologies has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 by THINKstrategies as an initiative aimed at bringing greater attention to SaaS and cloud computing companies that are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.
Thrive Technologies develops and markets web-based demand forecasting and inventory replenishment software that increases profits for distribution intensive companies in high service supply networks by maximizing their inventory performance.Thrive's on-demand SaaS system removes the burden on their customers' IT resources for server procurement, installation, upgrades, and maintenance.By providing their system as a SaaS solution, Thrive Technologies can help their customers gain control over their inventory much quicker and at a lower cost than traditional systems.
For example, Matco-Norca is the largest independent sourcing company for fittings, valves, and plumbing specialties in the plumbing, heating, waterworks, irrigation, and industrial markets.As a leading importer of plumbing materials, Matco-Norca faced a challenge with lead times of three months or longer.Combined with strong seasonal demand and twelve thousand stocked items, the long lead times made inventory replenishment challenging. After 14 months of using the Thrive Technologies inventory system, Matco-Norca has reduced inventory by 30%, and improved line fill rate by 8%. In addition, a key Matco-Norca vendor lowered its lead times by 10% because Matco-Norca can provide 12 month purchase projections supplied by the Thrive Technologies' solution.
"We are pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our inventory management solutions," said Rick Morris, Managing Partner of Thrive Technologies. "Based on the efficiencies quickly gained by our customers, as well as our high customer satisfaction ratings, we firmly believe that the SaaS delivery model is the best way for distribution companies to access and benefit from inventory forecasting systems."
"In today's challenging economic environment, it is essential for businesses to reduce excess inventories to minimize unnecessary costs," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "Thrive Technologies' SaaS-based inventory forecasting solution enables businesses to gain greater control of their inventory levels."
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.