Netstock

Score9 out of 10

27 Reviews and Ratings

What is Netstock?

Netstock is an inventory planning software boasting users from more than 2,200 customers globally.

Netstock empowers small and medium-sized businesses globally with a robust supply and demand planning tool, fulfilling the user's needs throughout the supply chain planning journey.

Integrating into ERPs, Netstock's software leverages enhanced analytics so users can quickly respond to changes in supply and demand. This out-of-the-box solution gives users intel to minimize stock-outs, place quicker orders, and reduce excess inventory.

Netsock's products provide enhanced expert functionality that enable companies to align supply and demand with enhanced sales & operations planning capabilities.

Categories & Use Cases

Media

Screenshot of Netstock's classification matrix helps companies focus on fast-moving and profit-generating stock items.

Screenshot of The Netstock order recommendation functionality aligns with a company's stocking policy and ensures that the right inventory arrives in the warehouse at the right time.

Screenshot of The Netstock dashboard gives a clear picture of all inventory, so users can take action on stock-outs and potential stockouts before they become a problem.

Screenshot of Pivot Forecasting for flexible aggregation and disaggregation along any combination of product, channel, and geographic attributes with advanced functionality for new products, promotions.

Screenshot of Capacity Planning and S&OP
Optimized production and sourcing assignments
Level loading to optimize capacity utilization with seasonal or irregular demand and/or supply
Scenario-based alignment of sales, production, procurement, and financial plans
Dashboards and reporting

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Screenshot of Netstock's classification matrix helps companies focus on fast-moving and profit-generating stock items.

LEONARD SUPERVILLE

senior buyer at METALWORKS (51-200 employees employees)

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

Mario Desjardins

System & Process Specialist in Information Technology at TCED INTL Inc. (51-200 employees employees)

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

Alan Pollard

Business Operations Manager at Stonegate Precision Tooling (11-50 employees employees)

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

Adam Hurley

Operations Manager in Corporate at Lumishore USA (1-10 employees employees)

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

Lee Wilkinson MCIPS View profile

Supply Chain Director at PFF Packaging (201-500 employees employees)

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

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