Netstock

Was exactly what I was after...

Comments: The implementation of Netstock was seamless and the online support has been nothing but suburb. It also means I have great oversight of the procurement team, transparency in our stock position for the wider business and gave us confidence in our purchasing decisions.

Pros:

Netstock gives a really simple and quick overview of our stock position, what we have too much of and where we are going to be short. It's really easy to drill down by stock code or location to get a wealth of information, and the ability to easily set policies for each class of stock gives great control over each class of category of stock. The solver ability to build orders up to a volume (such as a container) is a real time saver as well. With a connector to our ERP, building orders in Netstock and then sending orders from our ERP to our suppliers couldn't be any simpler.

Cons:

Whilst there is no way to edit previous one off spikes in demand that could affect future forecasting they have introduced options to smooth peaks and manage the effects of seasonality. The Netstock team has always been helpful resolving any issues and appear to have a good software development road map.

NetStock Review

Comments: Experience has been really good. Service is outstanding and it was a really good business fit for our company. It has changed the way we manage, maintain and forecast inventory going forward and critical to our business success.

Pros:

NetStock has gave us the ability to manage their inventory levels accurately, reducing overstock and mitigating stockouts. This has help optimize our stock profiles across multiple locations. The demand planning features has allowed us to predicting future sales trends, allowing our business to have better insights into aligning inventory levels with predicted demand. Last but not least it has seamlessly integrated into our ERP system to pull data and to push purchase orders which was critical in making the software work for us and improved operations efficiency.

Cons:

Like many specialized software, NetStock could potentially have a learning curve, especially for those unfamiliar with inventory management systems. This could potentially lead to usability issues for some users.

Alternatives Considered: NetSuite and Slim4

Reasons for Choosing Netstock: NetStock offered a better solution and more reporting capabilities which was a requirement for us along with seamless integration into our ERP system

Switched From: Valogix Inventory Planner

Reasons for Switching to Netstock: good value for money along with the integration and reporting capabilities made the decision to go with NetStock easier.

Netstock Review

Comments: So far, it's been pretty good. [sensitive content hidden] was great with my onboarding and the learning modules were good too. Easy integration with Sage.

Pros:

Forecasting, purchase order creation, data quality checks, enquiry screen, lead time calculation, safety stock calculation I also like that I could add vendors at my pace - so I started small and increased as my confidences and knowledge increased

Cons:

Inability to move from one item to the next (with like an arrow) function. Not being able to add days to the policy overrides. Vendor report cards would also be nice. More learning modules after the on boarding would be nice.

Netstock Review

Comments: Overall, great/valuable enhancement to our ERP system.

Pros:

The ease of the exports is great. We use much of the Netstock info in combination with our regular ERP to create early buy presentations.

Cons:

I really wish the TTM month sales data could be viewed at item level when exporting a particular Warehouses data in excel. Currently, the only way I know how to view TTM month sales data is click on each individual item and view it on the item's tile.

Netstock Overview

Comments: Overall, my experience with Netstock was largely positive, with significant improvements in inventory management and operational efficiency. Despite a few challenges, the benefits and features of the software made it a valuable tool for managing inventory effectively.

Pros:

Overall, Netstock's combination of ease of use, advanced features, integration capabilities, and cost-effectiveness makes it a highly beneficial tool for businesses looking to enhance their inventory management practices.

Cons:

The effectiveness of Netstock heavily relies on the accuracy of the data entered. Inaccurate data can lead to suboptimal recommendations and decisions, necessitating stringent data management practices.

Streamlining Inventory through Demand Planning & Forecasting

Comments: The experience with Netstock is transformative for the company. What began as a quest to improve inventory management quickly becomes a catalyst for operational excellence, cost savings, and enhanced customer satisfaction. By harnessing the power of data and advanced forecasting techniques, the business not only achieves its immediate goals but also lays a solid foundation for sustainable growth in a competitive market.

Pros:

More accurate forecasts, optimized inventory levels, cost savings, improved customer service, and streamlined operations, ultimately contributing to overall business efficiency and profitability.

Cons:

Involve costs such as software licenses, implementation fees, and possibly ongoing maintenance or subscription fees. For small businesses or those with limited budgets, these costs may outweigh the benefits.

The benefits of using Netstock

Comments: Netstock helps us in having the right amount of stock in place, on the required dates.
Whenever questions are raised, the consultants answer rapidly, which is really appreciated.

Pros:

Netstock provides a customer friendly lay-out, delivers a great job on forecasting, taking all kinds of factors into account, like seasonality. It also has a dynamic daily safety stock calculation. Furthermore, our assortment is analysed in the Classification Matrix, which offers a clinical possibility to de-range products that don't contribute that well to velocity and margin.

Cons:

In our situation it's not possible to have a correction in place regarding out-of-stock positions (I'm not sure if this is Netstock related or the way Netstock has been implemented for us).

Helpful Tool for Supply Chain Management

Pros:

Makes our daily ordering easier than what is previously was

Cons:

Our back end team is based in a different time zone, making it difficult when the reporting doesn't refresh overnight

Best way to manage buying!

Comments: Amazing setup from the Netstock team. Clear communication and a great product

Pros:

Being able to manage buying and keep stock of the right things. We don't overbuy things we don't need anymore!

Cons:

Some complicated things to learn up front. The need to get other members of the company on the same page.

Simple and just getting better over time

Comments: I've really enjoyed working with Netstock to date since it puts key metrics for demand and inventory planing at your fingerttips, whether you are in the office or on the road.

Pros:

Netstock is easy to use so basic users can get the infor they needs quickly, while having enough depth for more advanced users to dive deeper in the data.

Cons:

There is little customization possible and the support documentation can be basic at times.

Purchasings best friend

Comments: Overall Netstock has been a useful tool to help with the purchasing process.

Pros:

My favorite tool on Netstock is the BOM. This helps me see where the part goes and what part has the greatest demand. I also like seeing the recommended order amounts and the model stock holdings.

Cons:

I dislike that it doesn't take blank orders into effect.

A Game-Changer in Demand Planning: Four Years with an Exceptional Software

Comments: One of the most impressive outcomes of using NetStock has been the remarkable improvement in our fill rates. By having a clear understanding of demand patterns and leveraging the software's insights, we've been able to consistently meet customer demands and exceed their expectations.

Pros:

For the past four years, I've had the privilege of utilizing NetStock, a demand planning software that has truly revolutionized the way I approach inventory management. This exceptional tool has consistently exceeded my expectations, offering an unparalleled level of control over stockholding, order management, and overall supply chain efficiency.

Cons:

The main drawback encountered when utilizing NetStock revolves around the extended duration required for refreshing and importing data from our primary ERP software.

Demand Planning Reveiw

Comments: Easy to use now i'm very experience.
Good layout easy to read quickly

Pros:

its help me stay in stock and not over stocked

Cons:

Reports Need more detailed reports in a simple format

Why Choose Netstock?

Pros:

Overall, layout is great, I can see everything on dashboard at once for easy inventory management. Many very helpful features.

Cons:

Not completely customizable like I wanted it to be.

Netstock - Demand Planning

Pros:

Best demand planning software that I've used to date.

Cons:

Some of the users have voiced their preferences for live updates

Netstock 08.23

Comments: I am amazed actaully how helpful Netstock is

Pros:

Easy to use and dashboards are created to make this easier even more

Cons:

I would say price is the only issue. It could be slighlty cheaper

Netstock after 9 months

Comments: Overall experience is good.

Pros:

Its very easy to deploy and use with very little downtime or risk.

Cons:

There isn't much flexibility without extra costs.

Clear instructions and interface

Pros:

The ease of access with in-app walk-throughs of the various functions. It made learning and mastering its uses very intuitive.

Cons:

UI on the homepage is a bit crowded but you get used to it quickly.

Ordering would be much more stressful if it wasn't for SIA!

Pros:

The dashboard is a great first glance to see what should be prioritized!The online support for the platform is next level!Great educational software to build confidence and understanding of the platform!

Cons:

That we don't have the IT team here to support the integration into our other platforms

Excellent software with great support

Pros:

Setup process was very quick and easy and the onboarding period was very helpful Creates a robust demand/supply process without need for spreadsheetsSaves lots of timeSupport staff are excellent, quick to respond and always find good solutions to different situations that arise

Cons:

Some more advance features seen in other software not present

Alternatives Considered: EazyStock

Reasons for Switching to Netstock: Cheaper and integration with our ERP

Amazing software

Comments: It is very easy now to predict sales levels based on the previous year's data.

Pros:

Easy access and a very good training program.

Cons:

The integration passed as smoothly as possible. No issues

netstock 2023 review

Comments: With supplier performance, we work with them to find the issues, if any, to better plan our needs. This is a win win sitsution for both of us. Nestock has been a valuable tool to ensure we are able to meet the imediate and future clients needs. This is key for any business to survive and grow .

Pros:

The Dashboard addresses, at one glance the most important tasks to address . The downloadable reports are easily shared with suppliers for open po, future orders. This helps supplier to ensure goods are available at needed time line.

Cons:

Sometimes the future forecasts are off but we have noted that this happens for slower movers and seasonal needs. We monitor needs closer when this happens and with time and past data,NETSTOCK learn better.

Netstock Review

Comments: A very useful system, cant imagine what work would be like without it

Pros:

Ease of useClear forecasting functionalityEasy to amend forecasts and tailor to suit own needs

Cons:

The search function needs to be able to find items without being so accurate

FMCG(Fast Moving Consumer Goods) Industry User experience

Comments: Very happy, as someone looking to further my career more into procurement. Would recommend to peers

Pros:

The layout of the dashboard gives an immediate snapshot of all points of interest for inventory management i.e Value of stock on hand, excess stock, out of stocks

Cons:

Initial exposure was a bit overwhelming with all the information presented but that is nothing some training couldn't fix

Netstock review

Pros:

I love the ability to forecasting and set up safety stock numbers. The ability of leaving comments under each item

Cons:

Can't see the customer name only a code number.