Quick guide – Improve forecasting in your supply chain
This quick guide will introduce you to inventory forecasting. Learn three key steps that will help you more accurately predict future sales and avoid incurring excess stock and stock-outs.
What you get with Netstock’s Forecasting and Demand Planning
Eliminate guesswork with accurate forecasts that anticipate dynamic market demand & supply risk
Easily run forecasting models for best and worst-case scenarios
Integrate order data with ERP systems for smarter, real-time demand, inventory, and production visibility
forecasts — faster
Netstock automatically assigns the best demand forecasting models for each item, customer, region, unit, price, cost, or margin. Smart analytics engines “learn” over time to improve forecast accuracy. Quickly review or adjust forecasts for individual SKUs, any level of product, or channel aggregation. Factor in lost sales, promotions, and other non-recurring events to produce better sales, inventory, procurement, and manufacturing plans.
Confidently predict future forecasts
Improve inventory planning and measure the impact of future stock projections on your inventory based on stock data, item forecasts, and inventory policy settings. Using your current stock levels, you can forecast recommended supplier orders up to a year in advance.
Drive smarter decisions across your business
Netstock Predicor IA automatically generates inventory plans and product orders, directly porting order information to your ERP system. Make multi-item manual adjustments to forecasts and corresponding plans and synchronize sales forecasts with inventory, procurement, operations, and finance teams.
Quickly measure forecasting accuracy
Netstock’s forecasting capability empowers you to measure and improve your forecasting results over time. Monthly assessments track progress, buffer stock adapts to forecast risk, and Stock level reacts to your forecast accuracy per product per warehouse, ensuring your inventory management matches customer demand and business goals.
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.