StockIQ Software

Pros

The web interface for StockIQ is slick. It is modern and very functional. They make very good use of graphs and visual indicators. The StockIQ team was excellent at working with us through the whole implementation.

Cons

Sometimes, as with a lot of web interfaces, the links between information are not as obvious as they could be. More documentation would also be good.

They do a great job at forecasting long lead time import items

Pros

The software is feature rich. They are very good at forecasting methodologies. The people are very customer focused.

Cons

They are just now starting to produce training videos.

Very good! Their team is overly responsive and super down to earth - very friendly, intelligent, and don't let anything stand in the way of finding a solution for whatever comes up. We were used to working with IT companies in the past who were charging us for every request and this company has not ever done that - have even enabled features we've requested as part of their routine system upgrade at no charge to us, very impressive!

Pros

Without question it's the ability to take the tremendous amount of manual review of stock activity and have a system evaluating your levels of demand virtually real-time and giving you suggestions that you can depend on without having to second-guess. This saves us a tremendous amount of time and also ofcourse reduces the amount of inventory on hand.

Cons

We have a hub/spoke relationship with our own central location here re-supplying the spokes which are 3PL warehouses around the country. We've had a few issues with understanding the demand coming from these "spokes" - just definitely a learning curve to understand how the system is interpreting the data.

Getting inventory management under control.

Pros

Supplier Management, forecasting algorithm, purchasing module

Cons

Nothing - love the features!! Screens are very easy to navigate, nice graphics and metrics

we have a good experience with the development team, we are still working on some forecast and data issues. Hope we can get better with time

Pros

data refresh button, easy to use and friendly software.. compatible with our ERP system

Cons

small spaces for read information, not flexible in the screen view
slow when updating the screens

We are moving to StockIQ to replace about 50-55 spreadsheets that we are manually completing each day/week/month. The amount of efficiency we are gaining as well as the amazing forecasting functionality is immeasurable in value. I have been very impressed with our development team and the overall experience.

Pros

1. Ease of use
2. Level of detailed information
3. EVERYTHING can be extracted to Excel
4. Functionality
5. Forecasting Capabilities

Cons

So far there isn't anything we don't like about this software.

Reduced overall inventory in year 1 by 18% - sales in the same period were up 13% ($50,000,000 growth in sales, $12,000,000 reduction in inventory). That speaks volumes.

Pros

Responsiveness to user feedback and suggested improvements
Full suite of features from demand planning and forecasting to purchasing to reporting/analysis
Managing by exception - alert system works very well
Viewing sales and forecasts at various levels of product heirarchy from category to family to SKU

Cons

That we didn't find it and get it implemented sooner!

Pros

The interface on this software is quite simplistic and is very easy for someone new to jump in and understand/navigate. Run times for this software compared to our previous system are also much faster and much more analytical based so you are able to do a deep dive analysis on most everything should you need to. In addition, our inventory levels have become much more effective and in line since the implementation of the software.

Cons

I feel like there is so much to learn about StockIQ and the training we received was not as indepth as we would have liked. Though tutorial videos are now getting posted online, there are probably some features we are not taking advantage of only for the sole fact we may not even know they exist. Because of this, it would be nice if a Handbook or StockIQ Bible was created that went into each nut and bolt of the system. I feel like this would also limit the number of emails that are sent out to the Support Group inquiring about features and system configurations.

In addition, and though this has gotten better, the ability to easily upload within the interface is a huge miss in my opinion. For a company who uses StockIQ and has hundreds of stocked models, not having the ability to upload certain things puts more manual work on us to get the results we need.

It was the only software we reviewed that could meet every requirement on our RFP. Others were at best similarly priced, and at worst much more expensive. The biggest win with StockIQ is that nearly every feature feels customizable in some way.

Every business operates differently, and this is the only one that didn't require a drastic departure from how we operated with our old demand planning software. They worked with us throughout the implementation process, and when we ran into some issues with our fill rates, they spent significant additional time with us to analyze the root cause (in our ERP) and come up with a solution. My job would be a lot harder without StockIQ.

Pros

Price, Features, Customized Experience, Helpful Staff, Continued Development

Cons

Very little to dislike - there's been no problem we haven't been able to work together to solve.

I have Been Using SIQ for almost 2 full years now and this is the best inventory management software hands down. Best off the shelf solution that can be customized for individual needs

Pros

Siq really has so many ways to look at your items you are managing. From forecast manager to inventory stratification modules. Best part though is how easy it is to use and move around the app.

Cons

There really isn’t any Cons about SIQ. We are working very closely with the team and constantly improving the app.

Seriously streamlined our inventory management. Took us from a wide array of Excel spreadsheets and manual lookups to an electronic way to simply print out necessary PO's and Assemblies. I definitely would recommend this to anyone warehousing or manufacturing goods.

Pros

This software will automatically recommend reorder/manufacturing quantities based off of actual usage, lead time and your level of service you put on the item. I can prevent stock-outs on all your sku's at the same time prevent you from overstocking and tying up cash flow. This system will literally replace an employee by digitizing your inventory analysis. Awesome software.

Cons

This software is so great it is hard to come up with any Cons. The only thing I would say is that it is somewhat difficult to learn all the functions of it, however with StockIQ's excellent customer service and training they will help you thru all this....

Actual inventory control, with insanely accurate predictive analytics!

Pros

HTML5 user-friendly interface.
Highly configurable WITHOUT customization.
Customization still an option.
Fantastic training.
SQL database backbone for easy integration.

Cons

The only very minor detraction is that the software does not e-mail alerts. It would be a great feature to have, in my opinion.

Better forecasts, better service level goals, better reporting

Pros

The first screen upon signing in is a Dashboard with all the metrics we need to quickly review; this has been a huge improvement for our purchasing program! We have access to so many more tools, reports, and analytics than we did with our previous replenishment program. Stock IQ is very easy to navigate through (very user-friendly!) I also feel much more confident on the service level goal settings as assigned by Stock IQ than I did with our previous program.

Cons

We previoulsy reviewed items based on vendor, but Stock IQ is set up to review forecasts by "item class." This has been the biggest adjustment and one that I'm not quite sold on. It's also different (and not quite as simple) to change a forecast as it was in our previous program, but I'm confident that with additional practice and months of using the system, this will become much simpler.