A POWERFUL SUPPLY CHAIN SOLUTION
A powerful supply chain planning solution for Select Hardware
Since implementing Netstock, Select Hardware automatically classified their inventory and managed to reduce inventory by 25%. They can now also perform scenario planning to navigate disruptions more efficiently.
What to expect from Netstock
Reduce inventory levels between 10-25%
Reduce working capital and improve cash flow.
Improve fill rates by 2-10%
Minimize stock-outs and increase sales.
Significantly reduce time
Quicker planning, forecasting, and ordering.
Early warning of KPIs needing attention.
NETSTOCK INTEGRATES WITH SYSPRO
Netstock is built to drive agility and growth
Integrating with Netstock optimizes your supply chain planning while anticipating dynamic market demand and supply risk.
A smarter, more agile inventory management solution
The inventory management capabilities in SYSPRO are extensive, providing functionality around supplier information, product categories, and locations. This data enables forecasting and recommended orders. Netstock extends SYSPRO’s inventory functionality and provides visibility and flexibility to adjust planning in response to market changes to balance inventory holding and meet demand.
Enable a more dynamic view of your supply chain
With Netstock’s AI-powered predictive supply chain planning solutions, you gain visibility to optimize supply chain planning, enabling quicker decision-making, unlocking working capital, and improving customer service.
SYSPRO uses a Pareto analysis to classify its inventory; however, they base their classifications on one criterion only, which uses sales value to distinguish items. With Nestock, we enhance inventory accuracy by using two criteria, the ABC for sales value and HML (high, medium, low) for sales velocity. Netstock’s classification matrix lets you prioritize your time and inventory dollars.
Forecasting new items
New items are forecasted using a proxy method in SYSPRO, where the new item is judged on another item with the same or similar characteristics. To achieve a better seasonal forecast, Netstock instead assigns the new item to a group of like-for-like items. This group would have an established seasonal forecast to base the new item’s forecast.
Netstock achieves dynamic safety stock levels, which provides a far more accurate calculation. Safety stock is calculated on each item’s classification. If something changes to an item and the supplier becomes unreliable, Netstock will automatically increase the safety stock level. This ensures you never have too much or too little in your safety stock buckets.
When placing recommended orders, it’s common to have extra space in the container. Filling that space with additional orders is beneficial to make shipping more cost-effective. Netstock simplifies this process by scanning your inventory and suggesting items that are close to needing replenishment. This allows you to top up your container with the right products, eliminating the need for manual guesswork and preventing unnecessary excess stock.
Netstock’s SYSPRO ERP customers say it best
Since the implementation of Netstock, our stock-outs have decreased considerably. We have been able to use customer forecast inputs to refine our forecasts to greater accuracy
Ronald Schlosz, Procurement Supervisor, Deslee Mattex
The Netstock classification matrix and policy parameters have completely changed the way we look at inventory
Steve Killworth, Operations Director, Select Hardware
Seamless integration process
Start improving your inventory levels in 48 hours
1. Import from SYSPRO
Netstock connects in minutes regardless if your SYSPRO 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.
Experience rapid ROI
Netstock is designed to shorten the road from rollout to ROI. Experience value from day one with a customized subscription model that offers advanced solutions as your business matures.
- Implementation: less than 2 weeks
- Onboarding: a thorough five-step process led by inventory experts
- Immediate visibility: reduced stock-outs and excess stock
- Increase inventory performance: daily improvements in line with policy
See everything Netstock can do for you
Enhance inventory visibility
See all your inventory KPIs in a single dashboard and get prescriptive and prioritized recommendations on SKUs important to your growth. Model the impact of various inventory policy decisions and measure the outcome of each scenario.
Accelerate inventory orders
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.
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.
Measure supplier performance
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.
Develop scenario models
Optimize production plans and view real time visibility. Work with multi-level bills of material, resources, and kits. Create multiple demand-supply scenarios to easily distribute important data to stakeholders.
Forecast demand predictably
Generate flexible predictions based on individual products, product groups, sales channels, and key customers, allowing for top-down, bottom-up, and middle-out forecasting methods.