Netstock

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.

• opportunity screen,
• projections
• forecast

• 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.

Spire

C Spire Managed IT

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.

• 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

• 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

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.

• Forecasting
• Excess Stock
• Potential Stock Outs

• 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

Sage 200 Evolution, Workbooks, Smartsheet

Use for forecasting customer demand and recommended ordering for inventory needed to meet forecasted demand.

• Forecasting
• Dashboard
• Intuitive for end user

• improving lead times
• Higher sales because we have a high fill rate
• helps limit excess stock of items not needed

Sage 500 ERP

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.

• Forecasting
• Inventory Control

• We have reduced excess stock since implementing Netstock by around 50%
• Forecast accuracy and speed has also increased