A POWERFUL SUPPLY CHAIN SOLUTION
A powerful supply chain planning solution for Bluesky Solutions
Since implementing Netstock, Bluesky Solutions have drastically reduced stock-outs and their fill rate has improved by over 20%.
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 ODOO
Netstock is built to drive agility and growth
Integrating with Netstock optimizes your supply chain planning while anticipating dynamic market demand and supply risk.
Unlock Odoo inventory data with Netstock
Odoo’s inventory features include minimum/maximum order levels and manually adding reorder points. Netstock extends Odoo’s inventory functionality by providing a safety stock engine that takes lead time, desired service level, supplier performance, and forecast accuracy into account. Odoo’s manual calculation of minimum/maximum levels makes incorporating these factors in spreadsheets challenging.
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.
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.
Forecasting new items
Netstock’s powerful forecasting engine helps generate reliable sales forecasts, review stock levels, and improve customer satisfaction. By adjusting the forecast settings, you have more control and flexibility. You can forecast new items based on sales of their predecessor and amend your forecast for anomalies that may have occurred from a sales or operations perspective. More advanced forecasting features include lost sales compensation, reactivity setting, seasonality, and maximum growth and maximum decline.
Safety stock
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.
Netstock Dashboard
The Netstock Dashboard measures all the Key Performance Indicators allowing you to focus your attention on the items that make the most significant impact on your business. You’ll have increased visibility of your stock holding, potential stock-outs, highlight items in excess and your fill rate.
Bill of Materials
You don’t usually change production plans daily, but traditional reorder point ordering and planning assume you do. This creates a disconnect that leads to emergency changes and rushed production. Netstock minimizes changes by using the ‘look forward days’ feature to factor in the period until the next planning occurs. With Netstock’s Bill of Materials feature, you can extrapolate the demand from the finished goods forecast through a multi-level bill of materials to components and raw materials. This level of visibility allows you to have the appropriate safety stock, considering supplier delivery and forecasting performance.
Netstock’s Odoo ERP customers say it best
Stock-outs was our number one pain point. Eighteen months ago, our stock-out percentage was 13%, it’s now below 1%, and our customer fill rate has improved from a dismal 60% to between 87 – 94%, a massive improvement in under 12 months and within a volatile supply chain
Lauren Winn, Purchasing Manager, Bluesky Solutions
Seamless integration process
Start improving your inventory levels in 48 hours
1. Import from Odoo
Netstock connects in minutes regardless if your Odoo 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.
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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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