A POWERFUL SUPPLY CHAIN SOLUTION
Integrating their NetSuite ERP, TruAudio gained full inventory visibility with Netstock.
With accurate inventory data, TruAudio can focus on the top five inventory kpi’s – helping to reduce excess stock and freeing up time to focus on new growth initiatives.
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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.
Increase visibility
Early warning of KPIs needing attention.
NETSTOCK INTEGRATES WITH NETSUITE
Netstock is built to drive agility and growth
Integrating with Netstock enables you to optimize your supply chain planning while anticipating dynamic market demand and supply risk.
Your current reality
Even though your inventory control is near-perfect in NetSuite, 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.
Smart planning solutions will optimize your supply chain
Combining the right solutions and data will drive customer-centric strategies. Netstock’s advanced supply chain solutions will optimize your NetSuite ERP data, providing predictive intelligence and visibility 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 NetSuite
Netstock connects in minutes regardless if your NetSuite 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 supply chain planning
Netstock delivers predictive solutions so you can confidently respond to change, make faster supply chain planning decisions, and offer exceptional customer service.
Item classification
Netstock classifies every stocked SKU according to its sales value and sales velocity. The classification matrix will automatically enable you to focus time and resources on the high-performing items that matter most to your customers and drive profits for your business.
Safety stock
Netstock achieves dynamic safety stock levels, providing accurate calculations for each item based on the item’s classification. If something changes to an item, for example, the supplier becomes unreliable, Netstock will automatically increase the safety stock level needed. This guarantees you never have too much or too little safety stock.
Measure supplier performance
Measuring how well your suppliers perform will enable you to trigger accurate re-order levels and 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 items on time.
Top-up orders
When placing recommended orders, there is often space left in the container that should be topped up with other orders to make shipping cost-effective. Netstock scans your inventory and selects items that are close to replenishment, enabling you to top up with the right products instead of manually adding to your container based on gut feel and incurring excess stock.
Experience rapid ROI
Netstock is designed to shorten the road from rollout to ROI. Experience value from day one with a customized monthly subscription model that offers advanced solutions 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
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.
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Improve forecasting and Demand Planning
Enhanced with machine learning, generate improved forecasts that factor in trends, seasonality, promotions, and supply chain disruptions.
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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.
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Optimize manufacturing
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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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.
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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.
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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.
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Our customers say it best
We implemented Netstock and finally had a single-window view of our inventory. The ability to make actionable decisions with the output data has been paramount; we can address multiple suppliers, locations and categories very quickly. We now have the ability to dial in figures to see the best possible turns with the least amount of excess.
Matt Kovarick, Purchasing Manager, Ryan’s Pet Supplies, USA