A POWERFUL INVENTORY SOLUTION
Integrating their NetSuite ERP, TruAudio gained full inventory visibility with Netstock.
With accurate inventory data, TruAudio can focus on the top five inventory kpi’s – helping to reduce excess stock and freeing up time to focus on new growth initiatives.
What to expect from Netstock
Reduce inventory levels between 10-25%
Allowing you to reinvest those saved dollars to power growth initiatives.
Improve fill rates
Responding to supply disruptions to increase customer satisfaction and loyalty.
Minimize stock-outs and excess stock
Personalized dashboards that deliver inventory visibility and intelligence to make quick and confident decisions.
NETSTOCK INTEGRATES WITH NETSUITE
The modern inventory toolkit to drive growth
Integrating with Netstock enables you to optimize inventory while anticipating dynamic market demand and supply risk.
Your current reality
Even though your inventory control is near-perfect in NetSuite, many businesses still export data and manually manipulate spreadsheets to forecast and manage inventory. Using analog tools to compete in a dynamic, data-driven world means you are constantly playing from behind.
The new world of optimizing inventory
Combining the right tools and data will drive customer-centric strategies. Netstock’s advanced demand planning tool – closes the tech gap and optimizes your NetSuite ERP data, providing predictive intelligence to confidently eliminate stock-outs, proactively plan for extended supplier lead times, and reduce excess stock.
Seamless integration process
Start improving your inventory levels in 48 hours
1. Import from NetSuite
Netstock connects in minutes regardless if your NetSuite ERP is on-premise or in the cloud.
2. Preview your data
In just two hours Netstock will identify where you have excess stock or potentially going to stock-out.
3. Start optimizing inventory
Experience the benefits of optimal inventory levels and create purchase orders within a few days of installation.
Netstock will transform your inventory planning
Netstock delivers intelligent and predictive tools: confidently knowing what to order, when to order, and how much to order will balance inventory holding and drive customer-centric strategies so you always meet demand.
Classifying items is a vital step in optimizing inventory, allowing you to focus on your high-performing SKUs- items that matter most to your customers and drive the profits for your business. Using two criteria: ABC for sales value and HML for sales velocity, Netstock’s classification matrix automatically enables you to prioritize your time and inventory dollars.
Netstock achieves dynamic safety stock levels, providing accurate calculations. The required level of safety stock is calculated on each item’s classification. If something changes to an item, for example, the supplier becomes unreliable, the supply risk will automatically escalate, and Netstock will automatically increase the safety stock level. This guarantees you never have too much or too little safety stock.
Measure supplier performance
Measuring how well your suppliers perform increases the accuracy of your inventory levels. This enables you to trigger accurate re-order levels and determines how much capital to invest in safety stock. Reviewing previous supplier data allows you to plan for longer lead times ensuring your customers receive the right stock on time.
When placing recommended orders, there is often space left in the container that should be topped up to make the shipping as cost-effective as possible. Netstock scans your inventory and selects items that are close to needing replenishment. This makes sure that you top up with the right products instead of manually adding to your container based on gut feel instead of data insights.
Experience rapid ROI
Netstock is designed to shorten the road from rollout to ROI. An agile monthly subscription model, priced by inventory value, means rapid deployment with no large upfront costs. You get the capabilities you need to drive value from Day 1 — with no painful customization period — and a platform that’s built to adapt as your business grows.
- Implementation: less than 2 weeks
- Onboarding: a thorough 5-step process led by inventory experts
- Immediate visibility: stock-outs and excess stock
- Increase inventory performance: daily improvements in line with policy
Netstock’s sophisticated technology does the heavy lifting, distilling and prioritizing the information you need to make smart, strategic inventory decisions.
Move from manual ERP data aggregation to personalized intuitive dashboards that measure inventory holding and highlight the top five KPIs which need attention.
Precision forecasting & demand planning
Generate accurate forecasts with one click. Free up your time to plan for resilience and growth. Easily run “what-if” scenarios and create strategic plans for best- and worst-case scenarios to maintain inventory and fill rates in the face of supply and demand variables.
Sales & operations planning (S&OP)
Align data and decision-making across your organization. Build integrated sales & operations planning (S&OP) strategies that enable your business to respond to changes in the market.
Quick & confident
Move from painful and time-consuming manual ordering workflows to automatically generate balanced and optimized orders for each SKU — based on predictive plans that anticipate dynamic demand and supply risk. Netstock seamlessly connects with your ERP system for streamlined ordering.
Our customers say it best
We implemented Netstock and finally had a single-window view of our inventory. The ability to make actionable decisions with the output data has been paramount; we can address multiple suppliers, locations and categories very quickly. We now have the ability to dial in figures to see the best possible turns with the least amount of excess.
Matt Kovarick, Purchasing Manager, Ryan’s Pet Supplies, USA