Value added, easy to use, strategic decision making
September 12, 2023

Value added, easy to use, strategic decision making

Arash Shahreva | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Netstock

Netstock allows us to make better inventory decision, simply put we use Netstock to have the right product in the right location at the right time. The daily dynamic calculations considers our daily sales, promotions & future demands providing our Hagen team with a more accurate over view of the health of our inventory. Our teams have become more strategic in their decision making.

Our global purchasing offices in Germany, UK, Germany & Canada are aligned utilizing a single platform "Netstock".
  • Global visibility , added value for stock assisstance
  • Areas that need attention are displayed on the dashboard with option to drill down if required
  • With more than 5000 different SKU it is difficult to keep track of all activities related to each SKU, the process is simplified with the help of this tool, everyone has access to the right information.
  • Supersession designation of item by region - Each market is different, having the ability to assign a supersession item specific to each mark would be nice feature
  • User report creation, ability to create custom reports utilizing existing fields within the Netstock environment without the need to approach Netstock and have the ability to schedule the report creation. (Similar to Analytics functionality)
  • Option to be able to view all "AI" opportunities for a given location with a single click, currently you need to click one by one to see all the opportunities.
  • Ability to limit comment creation based on user permission, currently regardless of the read of write permission a user can apply their comments to all locations by selecting the "To all locations" check box.
  • Visibility
  • Data format is easily displayed and understood even with beginners
  • Excellent support , during onboarding and after sale
  • $15M reduction of Global inventory in the past 1 year. (Safety stock reduction, order less more often)
  • Employee empowerment and increased retention , learning a new tool and achieving Netstock certification , not more tedious excel sheet , significant reduction in errors
  • Holistic approach , removal of barriers, collaborative effort across departments such as purchasing, sales, marketing and operations, increased communication better inventory decision.

Do you think Netstock delivers good value for the price?

Yes

Are you happy with Netstock's feature set?

Yes

Did Netstock live up to sales and marketing promises?

Yes

Did implementation of Netstock go as expected?

Yes

Would you buy Netstock again?

Yes

Netstock has worked really well for us, its the right fit, every company needs to evaluate to make sure the software they choose to implement is aligned with their requirements and has the desired out put whilst meeting the companies goals and objectives.

We wanted to;
- Reduce of inventory value (reducing excess slow moving inventory)
- Reduction of stock outs (right inventory at the right time in the right location)
- More cash flow (concentrating on the 80/20 rule, freeing up cash flow from slow movers)
- Better buying decision