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

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

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

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

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