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

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

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

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

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

its help me stay in stock and not over stocked

Cons

Reports
Need more detailed reports in a simple format

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

It is great for inventory and help to keep track of day to day.

Cons

Price is really high for your average package.

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

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

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

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.

Pros

Everything is more visible in one place, I can focus on the main key top 5 where needed that can have the most impact rather than going through everything. It saves on the vast number of spreadsheets we used to use to manage our demand.

Cons

Being able to manage purchase order call off orders as these cannot be managed currently

Pros

The best thing about this is that is completely customizable, you can dismiss certain items and prior other items

Cons

for an industry that is on Mexico, i would like that make a Spanish version

Pros

Indicates quickly what you need to do now.

Cons

Forecast is quite complex and fixing means you need to go one by one product (and remember to go back in the future to unfreeze, or amend again). Forecasting by group would help - like increase forecast to the group by 10% percent (becasue of promo)

Pros

Easy to use and provides a good foundation to build stock forecasting upon

Cons

Has difficulty interpreting spikes in sales

Pros

The customizable policy overrides and ease-of-use for configuration settings have been valuable in getting us towards where we want to be.

Cons

There were issues discovered months after implementation that cost us thousands of dollars in unnecessary inventory investment, and time spent investigating issues. One of these issues was due to an implementation error on our end, but the other should have been caught in implementation by either Netstock or the third party that helped implement Netstock. There was also some initial haziness over which sales orders show as on order to a location from a distribution centre vs. which sales don't (depending on the settings in our ERP system).

Alternatives Considered

Reasons for Choosing Netstock

Switched From

Reasons for Switching to Netstock

Pros

Demand and forecast inputs/ outputs and key planning attributes are all in one convenient UI; dashboard easily highlights demand planners priorities every day; suggested order ui takes the guesswork out of replenishment. For CFO/ Chief Supply Officer the projection modules are invaluable for working cap & capacity planning. Supplier performance and projection take procurement from the mechanical to the strategic over extended time frames.

Cons

There were no shortcoming worth mentioning; all perceived issues were dealt with by optimising use of our core ERP and work practices.

Alternatives Considered

Reasons for Choosing Netstock

Switched From

Reasons for Switching to Netstock

Pros

I really like Netstock as an executive because the dashboard allows me to quickly check the status of information and planning in seconds and shoot information over to the senior leaders responsible for managing these deliverables. We've used it for years and it's worth the investment.

Cons

I really don't have any negatives - I do need to stay connected to my senior staff to make sure the configuration includes all products, so the snapshot/dashboard is comprehensive.

Pros

Easy to use, easy to visually see what stock is in other regions/hubs. I like the dashboard to see where we are as a business - what is out of stock, what is potentially at risk, what is overperforming, what is underperforming. In a business where data is critical, Netstock provides everything we need to make sound decisions.

Cons

Nothing, it gives us everything we need. We don't use it for container loading/sizing.

Pros

easy to use, great help, it really makes my day faster

Cons

sometimes generated order numbers are off

Pros

Netstock is very easy to use and integrate in the daily tasks. The available information is even overwhelming at first, but it helps make smart decisions. ERP integration with Sage 300 was effortless. UI is pleasant, clear and intuitive. Excellent and accessible support team. Development team is quick to make improvements. The time saved is uncalculable.

Cons

Not many cons. Might lack only some very advanced features found in some complex custom (and costly) solutions.

Pros

The Netstock home screen dashboard provides a quick overview of the business. Each dashboard block provides the top five items that are driving that overall block score. Classification codes provides an easy way to prioritize your top selling items and group by sales and dollar performance. Netstock customer service team is always very helpful and quick to respond. Drilling down into the item level details you can determine when an item was out of stock, had sales spikes or decreases, and easily adjust the forecast within the software. Data is easy to download to include in excel reports that you may need. The order tab makes it easy to review what items need ordered to prevent out of stock gaps or decrease in safety stock.

Cons

Our items sell to multiple customer channels it would be nice to see what customer purchased past sales not just back ordered sales within Netstock. Since our company sells to multiple customers/channels adjusting the forecast at an item level is more complicated. It would be nice if Netstock forecasted at the customer level and allowed adjustments by customer not just overall.

Pros

It has allowed for a much greater visibility of our inventory holding and disbursement for our company. This is a bonus to the higher accuracy and ease of replenishment and planning for inventory.

Cons

I would like to see features open up where information can be written back and forth between the ERP and Netstock. Being able to adjust this information all in the same place that it is evaluated would make it even more efficient and valuable.

Alternatives Considered

Reasons for Switching to Netstock

Pros

The integration process was very efficient, being the first integration into Odoo we were not expecting this to be as easy as it turned out to be.
We had and still do continue to receive excellent support from Netstock. The software itself has been very easy to use, the training materials provided are simple to understand and this has enabled us to train additional members of staff without the need of including other members of staff.

Cons

There are no features that we would suggest needed to be included that we don't already have

Pros

So easy to use and quickly highlights orders that must be placed well within leadtime to maintain very high fill rates. In the hospitality game seasonality is key and the algorithms used by Netstock are invariably spot on with little massaging needed to forecasts to maintain exceptional fill rates in a very busy and unforgiving industry.

Cons

No real flaws that come to mind. Any issues that arise are quickly dealt with by Netstock staff so that's very reassuring when you rely on such an important tool that is used daily.

Pros

The intuitive layout, particularly after the recent enhancements. It Integrates well with our ERP and presents the data in ways that support quick decision making. The training videos and hints/tips are useful too. And the customer support is second to none - where else can you receive access to a 'live' person within a minute or two and have detailed step by step support when you need it? Netstock is invaluable to our business.

Cons

Unable to make mass changes in excel and upload to Netstock.

Pros

Makes daily order processing more efficient with all Data supplied to view on order screen

Cons

Program will only let you export reports with 10,000 sku's therefore sometimes reporting has to be filtered and added together to get correct reporting.

Pros

Netstock helped us to streamline and optimise our stock holding, daily ordering and supplier forecasting.
The integration between NETSTOCK with our Acumatica ERP was relatively straightforward. We achieved a 50% reduction in stockholding and a 15% fill rate improvement.
The dashboard provides a great insight into all metrics while it allows you to dig deeper into any of them with a few clicks.
When there is a question or issue the support team at Netstock are always there to help, really fantastic customer service support!

Cons

It would be nice to have a deeper insight into the algorithms that predict demand and be able to change these manually.

Pros

The software is user friendly with strong online help.
Great low risk adoption commercial model.
All the sophistication that you need to make informed inventory management decisions.
Visual and strong graphical representation of the health of the inventory

Cons

The configurability of the software is more restrictive than some of the server based alternatives.
The forecasting functionality meets the requirement but does not continue into hierarchical demand management

Pros

Netstock is very easy to use. The Dashboard is simple to navigate and understand.

Cons

Some of the settings are a little difficult to find but once you find them they are intuitive.

Pros

Visibility into the business and well presented GUI

Cons

the method of exporting to excel on custom developed reports

Pros

Ability to focus on products and suppliers and reduce stock-outs.

Cons

We like every aspect of the Netstock tool.

Pros

Before using Inventory Advisor, we did not have a proper way of analyzing our inventory minimums and maximums. Inventory Advisor made it possible to do so overnight.

Cons

I cannot think of any. I am sure we are not using the product to it's full potential but it is working fantastically for us.

Pros

Very useful long term planning and forecasting tool, especially for SKUs with layers of complexity in the supply chain. Tricky to understand at the start, but the customer service to guide you through it is really quite excellent.

Cons

All the information is in there, but it is not the best at presenting one report to see all teh detail you need. We created an excel spreadsheet that translates the reports from Netstock into a one-stop document that displays all the information and results ... bit of a shame Netstock doesn't have such a function.It's also a a shame that you cannot see your own historic comments (or make new comments) whilst adjusting forecasts.

Pros

It's Dash Board is the best thing ever, as it first gives the user a bird's eye view which gives the option on drilling into detail without hassle. You can access all information horizontally and vertically so easy.

Cons

Maybe, if I could customize reports that are available on "CSV Reports" Option, it would have added some convenience as I would not have to bother Netstock Team.

Alternatives Considered

Reasons for Switching to Netstock