#1 most frequent
United States of America
49.0%117 installations of 239
What is Netstock?
Netstock is an inventory planning software boasting users from more than 2,200 customers globally.
Categories & Use Cases
Media
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Screenshot of Netstock's classification matrix helps companies focus on fast-moving and profit-generating stock items.
Who Buys & Uses Netstock
#2 most frequent
Australia
19.7%47 installations of 239
#3 most frequent
Canada
8.4%20 installations of 239
HVAC WHOLESALE improved visibility
Use Cases and Deployment Scope
I use Netstock for purchase orders for my head office and branches. Using opportunities AI has allowed me to avoid stock outs, get orders sent sooner than later to account for standard lead time.
Pros
- Tools like forecast, projections help offset large customer orders coming in
Cons
- navigating filter screen based on user profile rather than seeing all vendors, would be great to create a group based on user and certain vendors, classification, velocity
- flagging items that are not truely overstock- there was a preseason buy
Most Important Features
- opportunity screen,
- projections
- forecast
Return on Investment
- highlights excess stock
- increased visibility on safety stock, order points, able to adjust them on the go so we follow demand instead of reacting to changes.
Alternatives Considered
Spire
Other Software Used
C Spire Managed IT
Netstock Was THE Solution We Were Looking For
Use Cases and Deployment Scope
As our company grew and had more buyers managing more and more items, most of them very seasonal, we had much more difficulty keeping an optimized inventory using traditional methods like Min/Max levels and spreadsheets. We eventually had more and more overstocked items and stock outs, and could not keep up with the seasonal trends using "manual" calculations and updates. Netstock has helped us tremendously with its item classification matrix, forecast engine and easy to use interface to keep inventory issues under control as well as streamline the entire purchasing and inventory management process.
Pros
- Customizable item classification
- Seasonal forecasting that can be adjusted to taylor our needs
- Pinpoint top issues to address via the dynamic dashboard
- Show today's recommended orders in sorted by priority
- Outstanding customer support team that responds quickly
Cons
- A little more flexibility in the multi-location and/or consolidation setup would help
- Lacks the ability to apply "Event correction" settings on specific product groups or categories, it can currently only be applied to all or nothing.
Most Important Features
- Item classification
- The forecasting engine which allows us to tackle other duties
- Its very flexible setup which we were able to adjust almost perfectlt to our needs
Return on Investment
- Using Netstock, we are saving at between 30% and 35% time managing inventory and orders, mainly because it does almost all of the number crunching for us
- We have reduced our overall stock outs by an estimated 15-20%, thanks to Netstock's automatic and dynamic calculation of safety stock levels which follows seasonal trends
- We have finally gained control of our excess stock, reduced by an estimated 20-25%, with Netstock's intuitive dashboard which pinpoints surplus orders and allowed us to cancel or delay orders to cover our real needs
Revolutionise your stock management with Netstock
Use Cases and Deployment Scope
We were unable to forecast accurately which caused us issues with both excess stock and the creation of unnecessary back orders. After months of demos on other applications we decided that Netstock was the solution for us and we haven't looked back since, the flexibility it gives us when creating purchase orders is perfect for us to monitor our stock holding value and we particularly like the supplier performance module to track our poor-performing suppliers so
we can review and eliminate any extended lead times to avoid the build-up of
backorders. We are also able to develop our supplier relationships and
understand their frustrations so we can make the necessary adjustments to our
ordering frequency without presenting a risk to the business which is invaluable given the amount of change that has happened over the last few years.
Pros
- Forecasts accurately
- Warning of potential stock outs
- Highlights excess stock
- Monitors stock holding value
Cons
- Forecast over longer periods
- Create automatic purchase orders
Most Important Features
- Forecasting
- Excess Stock
- Potential Stock Outs
Return on Investment
- We have vastly reduced the amount of safety stock that we used to hold
- Our stock holding value is within a manageable figure for the size of our business
- We can monitor our poor performing suppliers so we are confident when placing purchase orders
Other Software Used
Sage 200 Evolution, Workbooks, Smartsheet
Netstock is a great product that has saves us plenty of time and money
Use Cases and Deployment Scope
Use for forecasting customer demand and recommended ordering for inventory needed to meet forecasted demand.
Pros
- Calculating forecast
- Customer Support
- Focusing on areas where you are suffering
Cons
- Customizable reports
Most Important Features
- Forecasting
- Dashboard
- Intuitive for end user
Return on Investment
- improving lead times
- Higher sales because we have a high fill rate
- helps limit excess stock of items not needed
Other Software Used
Sage 500 ERP
Review of Netstock from a High Volume Manufacturing Business
Use Cases and Deployment Scope
Netstock is a fantastic tool for us in managing our inventory. Being able to identify potential stockouts and surplus orders at a glance is very powerful for our business. In addition, forecasting has been optimized, becoming more efficient and accurate.
Pros
- Inventory data at a glance
- Forecasting
Cons
- More customer-level data
Most Important Features
- Forecasting
- Inventory Control
Return on Investment
- We have reduced excess stock since implementing Netstock by around 50%
- Forecast accuracy and speed has also increased
