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Is software ownership a thing of the past?

Many senior managers that were born in the ’60s or ’70s were taught by their parents that it was better to buy software, buildings, and other assets to reduce the expenses incurred in interest and grow the capital value of the business. 

One size does not fit all – Classify your inventory

Throughout our lives, from the cradle to the grave, we are classified – classified according to our age, sex, religion, political views, demographics, hobbies, opinions, dietary choices, and many more. These classifications are used by companies to sell or market to us, or to determine our risk factors. 

How and when to choose an inventory management system

Your supply chain business may be at the stage on the inventory maturity curve where you want to consider extending your ERP functionality to provide better demand planning and forecasting functionality. You won’t be starved for choice as there are many solutions available today.

Monthly versus weekly inventory forecasting

Businesses often insist on forecasting weekly, based on considerable demand variation from week to week. The rationale is weekly forecasting will be more accurate, will improve replenishment planning, and will lead to a better managed overall inventory. But will it?

How job roles will change as a result of 4IR

Some form of energy fuelled the 1st, 2nd, and 3rd industrial revolutions. The 1st revolution used steam, the 2nd , electricity; the 3rd saw the emergence of nuclear energy and the rise of electronics with the microprocessor as well as the rise of telecommunications and computers. 

Extend your demand planning in Acumatica

In a previous blog post, we looked at the difference between Inventory Control and Inventory Management. Today, we want to look specifically at Acumatica, a true-cloud ERP application that has seen significant growth over the last few years. Our primary focus here will be on how it helps users with inventory tasks and where inventory-based businesses may need an additional tool.

The types of inventory loss and how to minimize your risk

Inventory loss is either a result of admin mistakes, spoilage/stock damage, expired products, or even theft, all of which can end up being a substantial amount of loss if there are no prevention plans in place. Let’s look at some ways to minimize these losses before they put you out of business.

Inventory Control Vs Inventory Management

In today’s technologically advanced business landscape, you are doing a massive injustice to your business by not automating your inventory processes. It doesn’t need to cost you large sums, and you will undoubtedly see an ROI within a few months at the very latest, so the risk in this investment is minimal

How automated is your supply chain?

In previous articles, we’ve looked at the real cost of inventory and at the internal and external factors that affect your inventory planning and management. In this article, we’ll look at Artificial Intelligence, IOT, and Machine Learning to see how this technology is impacting companies today by reducing costs, streamlining efficiencies, and even saving lives.

The real cost of your inventory (and tips on how to reduce it)

Even though your company’s expenses, liabilities, assets, mark-ups, and margin calculations are mostly the responsibility of your finance department, it’s also important that your warehouse team and inventory planner understand the inputs involved in calculating the real cost of your stock.

Supply chain risk factors you need to balance

Achieving a balance between understocking and overstocking is an inventory planner’s daily reality. But there’s more to the job than just monitoring item levels – there’s an ongoing balance of risk factors, both internal and external, that a planner must be fully aware of to keep a warehouse running efficiently.

The 2 key insights your IMS must provide into your supply chain

In the previous post, we looked at the basics around the supply chain and, more specifically, we discussed how the supply chain applies to small and mid-sized businesses. In that post, we saw that a supply chain is the movement of products from suppliers down to consumers, and at the same time, the movement of information from consumers to suppliers.

Supply chains and SMBs, explained

Many small and mid-sized businesses don’t think they have to worry about big topics like “supply chain”. They’re SMBs after all, and supply chain seems more like a problem for the big guys. But ignoring supply chain doesn’t make it go away. It’s still there, and you’d be surprised how complex it gets even for SMBs. The more complex it gets, the harder it is to manage, and the harder it is to keep under control.

Inventory visibility is the advantage you need to grow your business

Getting the most out of your investment in inventory is a daily issue for inventory-based businesses of all sizes. The increasing complexity of supply chains means your inventory team is likely struggling to understand what’s really going on and what problems are on the horizon. Why is this such a persistent and common stumbling block?
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Join us at Acumatica Summit 2019 in Houston!

The Netstock team is proud to announce we’re a Gold Sponsor at Acumatica Summit 2019. We’ll be on the show floor at the Houston Marriott Marquis, and we’ll be sharing everything there is to know about inventory replenishment and inventory optimization.

A day in the life of an inventory planner

Managing a warehouse in manufacturing, distribution, and retail environments is increasingly tricky, because even smaller and mid-sized businesses are dealing with a global supply chain. A warehouse is a dynamic work space that requires nimble leadership, and that includes your inventory planning.

Do you know how to calculate Safety Stock?

Managing your company’s supply chain requires some tricky calculations. But all too often, planners and management will rely more on more intuitive understandings of how to plan their inventory instead of doing the math. For example, here’s a common intuition that we hear all the time from purchasers and planners:

Visit NETSTOCK at Suiteworld 2018

The Netstock crew is proud to announce we’ll be a sponsor at SuiteWorld18, the annual NetSuite user conference for customers, partners, media, and industry analysts. We’ll be on the show floor at the Sands Expo & Convention Center in Las Vegas, and we’ll be sharing everything there is to know about inventory replenishment and inventory optimization. Find us at Booth #851 to learn how you can improve your NetSuite inventory with Netstock!

Minimizing the fall out from stock-outs

If you need to provide high availability to keep your customers satisfied, stock-outs are quite simply a nightmare. Dealing with angry customers can send stress levels of your employees soaring. 

Why your excess inventory is a problem

Striking a balance in your warehouse is a daily challenge. Your fill rate shows you exactly how well you’re keeping up with orders and managing your inventory replenishment, but keeping that number high is easier said than done. 

How to leverage the latest supply chain technologies

The Netstock team is dedicated to informing you about supply chain innovations. It’s our passion and our expertise, and providing inventory optimization is why we built our app. On Wednesday, June 14th, we’ll be co-hosting a webinar with our colleagues at B2BGateway, who are integrated EDI experts, on the topic of leveraging the latest supply chain technologies. Together, we form a critical combo for businesses that want to maximize their profitability through their warehouse.

Inventory Optimization App at SuiteWorld17

The Netstock team is excited to be at SuiteWorld17, the annual NetSuite user conference for customers, partners, media and industry analysts. We’re on the show floor at the Sands Expo & Convention Center in Las Vegas now, and we’ve got a handful of inventory management and replenishment experts ready to talk about all things inventory with you. Visit Booth 1026 to have a chat and see our affordable and easy-to-use inventory optimization app.

Looking back at Acumatica Summit 2017

Acumatica Summit 2017 was the biggest event in the growing ERP publisher’s history, and the Netstock team was proud to be involved once again as a Gold Sponsor at the event. We caught up with Russ Graf, Netstock’s Vice President of Sales – North America, who was on hand in La Jolla to talk about the expo.

Learn more about NETSTOCK at Acumatica Summit 2017

The Netstock team is proud to announce we are a Gold Sponsor at Acumatica Summit 2017. We’ll be at the event talking to users, prospects, and VARs about our cloud-based inventory optimization app, which seamlessly connects to Acumatica ERP.

I have an ABC analysis. Now what?

In our previous blog posts, we looked why you should classify your products into ABC and how exactly to do that. So now that you’ve learned more about the benefits of classification, the next logical question is “What do I do with it?”