Netstock

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.

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

Reasons for Choosing Netstock

Reasons for Switching to Netstock

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.

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.

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.

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.

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).

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

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.

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.

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.

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.

Pros

its help me stay in stock and not over stocked

Cons

Reports
Need more detailed reports in a simple format

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.

Pros

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

Cons

Some of the users have voiced their preferences for live updates

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

Pros

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

Cons

There isn't much flexibility without extra costs.

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.

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

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.

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

Reasons for Switching to Netstock

Pros

Easy access and a very good training program.

Cons

The integration passed as smoothly as possible. No issues

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

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

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.