Thrive Market, a membership-based online retailer of organic and non-genetically modified organism (GMO) products, is promising to maintain a healthy supply chain as it continues to grow.
To maintain demand, the retailer improved inventory planning and demand forecasting. In addition, Thrive will automate processes to free up time that was taking away from valuable inventory management decisions.
Thrive Market is deploying technology from Relex Solutions to integrate and improve its supply chain. According to Chain Store Age, the rollout includes modules for demand forecasting, replenishment, allocations and promotion forecasting.
In addition to automating its practices, the retailer is ensuring that all of its fulfillment centers can support efficient on-time deliveries. Currently, Thrive Market's demand for promoted items is highly variable, it wants to improve operational efficiency and guarantee that all products are available when members want them.