CASE STUDY
Company
TraffiGlove
Location
UK
Industry
Manufacturing:
Hand Protection Gear
ERP
NetSuite
Challenge
Complex inventory data managed manually.
Solution
Netstock integrated to NetSuite ERP.
Result
360° view of inventory and succinct reporting for Board.
Replacing manual processes reduces workload
TraffiGlove was extracting data from their NetSuite ERP and by using intelligent extractions and complex formulas were managing their inventory in multiple spreadsheets. The data consisted of 175 000 SKUs across three companies with different lead time models and multiple criteria on their multi-layer stocking policies. Although they managed to get this working, it required some heavy-duty administrative tasks to support its success and was rather clunky, needing regular updating to remain relevant.
Whether you are spinning in the Millions or the Billions, this tool can crunch it.
Brett Wakeley, Head of product and procurement
“Big Picture Visibility” did not exist, how to identify logical prioritization did not exist. Topline Stock Manager/Portfolio/Company/Group 3-dimensional visibility did not exist, until we onboarded Netstock, and the impact was immediate, literally.
The TraffiGlove team had some fun trying to “break” Netstock, but to no avail, it simply keeps on delivering and is now, in the space of a month, entirely integral to our Group,” said Brett Wakeley, Head of product and procurement.
TraffiGlove uses the Dashboard daily as it provides a succinct summary for the Board on contact points such as fill rates, stock-outs, excess stock, surplus PO’s, and potential stockouts. “I have worked on numerous platforms, plug-ins, and some personally constructed systems, and haven’t come across anything so cleverly compiled with such a phenomenal balance between the detail and the “big picture”. Add the ease of onboarding and navigation, and the efficiencies created, and it’s a no-brainer” concluded Brett.
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Learn about the six fundamental principles of inventory optimization that enable you to make informed decisions that balance current demand with future need.