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 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.

Netstock S&OP

Comments: I have deployed netstock in small ($5m turnover) to medium/ large ($450m turnover) organisations. Benefits include re baselining the reality of current performance, controlling/ optimising procurement, focussing on problem stock areas and improving working capital outcomes and customer service.

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: Blueshift

Reasons for Choosing Netstock: Netsuite is a great ERP but it's S&OP functionality was not capable of optimising our situations.

Switched From: NetSuite

Reasons for Switching to Netstock: Implementation & recurring costs; speed of implementation; flexibility; "future proof" vis a vis ERP upgrades.

Soundvision Technologies

Comments: Overall experience has been great. It has been an immense asset to our company and my personal workflow.

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: Fishbowl

Reasons for Switching to Netstock: It focused specifically on the demand and supply planning that we needed. It did that exceptionally well instead of doing many more things well but not full featured.