A POWERFUL INVENTORY SOLUTION
Integrating their SAP Business One ERP, Pharma Dynamics improved stock projections with Netstock.
The Netstock dashboard helped Pharma Dynamics to quickly view future stock projections and predict out-of-stock issues before they became a problem.
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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 SAP BUSINESS ONE
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 SAP Business One, 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 SAP Business One 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 SAP Business One
Netstock connects in minutes regardless if your SAP Business One 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.
Item classification
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.
Safety stock
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.
Top-up orders
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
Netstock’s sophisticated technology does the heavy lifting, distilling and prioritizing the information you need to make smart, strategic inventory decisions.
Inventory planning
See all your inventory KPIs in a single dashboard and get prescriptive and prioritized recommendations on SKUs important to your growth.
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Forecasting & demand planning
Enhanced with machine learning, generate improved forecasts that factor in trends, seasonality, promotions, and supply chain disruptions.
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Inventory ordering
Generate recommended orders to restock products across your network and create a balanced inventory holding. Create risk-optimized orders for each SKU and automatically send them to your ERP system with a single click.
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Sales & operations planning
Break down silos and create a central source of truth to drive confident, synchronized decision-making. Align operations and supply chain plans with sales, marketing, and financial strategies.
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Supplier performance monitoring
Monitor and measure product-specific lead times and overdue orders. Leverage supplier performance metrics to negotiate terms that reduce lead times and mitigate supply risk.
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Inventory policy modeling
Balance your inventory levels and financial investment with a data-driven inventory policy based on each product’s classification and risk profile. Model the impact of various inventory policy decisions and measure the outcome of each scenario.
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Our customers say it best
We have found the [Netstock] online chat to be super helpful, and we use this virtually daily. Sometimes we may have a unique item that we need to manage slightly differently. We have a quick chat with a skilled Netstock consultant, and we can quickly move forward with the recommended suggestions. This gives us great comfort and trust in the solution and the company when we have access to competent and helpful people.
James Shotts, VP of Operations, Ram Products, USA
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