Tuffy halves its inventory value with Netstock

Tuffy used data from their Sage 300 ERP and exported it into an excel spreadsheet to do rudimentary inventory and production management. “Excess inventory became the order of the day as this was the only way we could ensure that we kept our customer service levels high. After we got acquired by Bounty Brands, this was the first area that we had to address; we needed to focus on reducing our excess stock to free up working capital,” said Michael Bonorchis, Demand Planner at Tuffy.

Implementing Netstock allowed Tuffy to look at each item’s uniqueness and set individual profiles with each item having its own safety stock level, forecast, etc. “The way in which we are using Netstock is through an S&OP (sales and operations) process. We export the Netstock forecast and send it off to our sales teams. They amend the forecast using market insights and take any promotions into account that Netstock doesn’t have a line of sight on. This data is imported back into Netstock, where we apply the recommended orders creating our manufacturing plans for the factory to produce or placing orders with our suppliers where necessary,” said Michael.

“We have been using Netstock for about a year, and it’s been inspiring for me to watch the inventory value reduce by R30 million without impacting customer service levels. It has also saved me a massive amount of time. Our monthly production plan in Excel would take me around two days, it now takes me 2-3 hours, and the accuracy level is 100 times better now that each SKU has its own forecast and risk profile. I can, with confidence, recommend Netstock to any business that has inventory,” concluded Michael.