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

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 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

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

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