Netstock Software

Netstock Software

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3

Recommendations

FrontRunners 2021

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About Netstock

NETSTOCK is a cloud-based inventory management solution which helps businesses handle purchase orders, customers, suppliers, demand forecasting and more on a unified platform. It allows professionals to manage bills of materials (BOMs), track inventory levels and create strategic plans for demand planning based on consumer behaviour and market trends. The platform enables administrators to track orders through the entire product lifecycle, automatically calculate lead time, and create stocking policies as per business requirements. NETSTOCK offers a variety of features including inventory replenishment, multi-channel distribution, procurement, reporting, data management and more. Additionally, It provides a reporting module, which enables users to gain insights int...
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This functionality saves you time to focus immediately on your fast-moving and profit-generating stock items. Netstock will help categorize your stocked items and eliminate obsolete items.

Netstock User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

5

Value for money

5

Customer support

5

Functionality

4.5

Showing 1 - 5 of 29 reviews

User Profile

Steve

Verified reviewer

Company size: 11-50 employees

Industry: Wholesale

Time used: Less than 2 years

Review Source: Capterra

This reviewer was invited by the software vendor to submit an honest review.
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

March 2020

Was exactly what I was after...

The implementation of Netstock was seamless and the online support has been nothing but suburb. It also means I have great oversight of the procurement team, transparency in our stock position for the wider business and gave us confidence in our purchasing decisions.

Pros

Netstock gives a really simple and quick overview of our stock position, what we have too much of and where we are going to be short. It's really easy to drill down by stock code or location to get a wealth of information, and the ability to easily set policies for each class of stock gives great control over each class of category of stock. The solver ability to build orders up to a volume (such as a container) is a real time saver as well. With a connector to our ERP, building orders in Netstock and then sending orders from our ERP to our suppliers couldn't be any simpler.

Cons

Whilst there is no way to edit previous one off spikes in demand that could affect future forecasting they have introduced options to smooth peaks and manage the effects of seasonality. The Netstock team has always been helpful resolving any issues and appear to have a good software development road map.

Reasons for switching to Netstock

Netstock had a great visual interface that allowed me to quickly see our stock overview, and interrogate the reasons for excesses or shortages. It was evident that it had been designed to make the job of managing stock and building orders simple for users.

Anonymous

Company size: 2-10 employees

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

September 2020

Netstock S&OP

I have deployed netstock in small ($5m turnover) to medium/ large ($450m turnover) organisations. Benefits include re baselining the reality of current performance, controlling/ optimising procurement, focussing on problem stock areas and improving working capital outcomes and customer service.

Pros

Demand and forecast inputs/ outputs and key planning attributes are all in one convenient UI; dashboard easily highlights demand planners priorities every day; suggested order ui takes the guesswork out of replenishment. For CFO/ Chief Supply Officer the projection modules are invaluable for working cap & capacity planning. Supplier performance and projection take procurement from the mechanical to the strategic over extended time frames.

Cons

There were no shortcoming worth mentioning; all perceived issues were dealt with by optimising use of our core ERP and work practices.

Reasons for choosing Netstock

Implementation & recurring costs; speed of implementation; flexibility; "future proof" vis a vis ERP upgrades.

Reasons for switching to Netstock

Netsuite is a great ERP but it's S&OP functionality was not capable of optimising our situations.

Response from NETSTOCK

Thanks for the great review - and so pleased to see you are seeing the benefits that our solution is designed to provide

Replied September 2020

Justin

Company size: 11-50 employees

Industry: Consumer Electronics

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

September 2022

Soundvision Technologies

Overall experience has been great. It has been an immense asset to our company and my personal workflow.

Pros

It has allowed for a much greater visibility of our inventory holding and disbursement for our company. This is a bonus to the higher accuracy and ease of replenishment and planning for inventory.

Cons

I would like to see features open up where information can be written back and forth between the ERP and Netstock. Being able to adjust this information all in the same place that it is evaluated would make it even more efficient and valuable.

Reasons for choosing Netstock

It focused specifically on the demand and supply planning that we needed. It did that exceptionally well instead of doing many more things well but not full featured.

Response from Netstock

Thanks for the review Justin - we will definitely look into your suggestion for continual improvement to the system

Replied September 2022

Johann

Company size: 1,001-5,000 employees

Industry: Retail

Time used: More than 2 years

Review Source: Capterra

This reviewer was invited by the software vendor to submit an honest review.
4

Ease-of-use

out of 5
5

Value for money

out of 5
3

Customer support

out of 5
4

Functionality

out of 5

April 2020

Netstock Forecasting Tool

The biggest output that I resolve is to determine the following: 1. Orders for the suppliers. 2. Stock holding levels - Excess stock 3. Identifying the critical stock not available. 4. Last nut not the least - is visibility.

Pros

1. The Dash Boards is the best as you van get a quick overview of the current status. 2. It is easy to use the product and show it to a total stranger to the product. 3. The integration into the business was extremely easy.

Cons

Not really anything that comes to mind. There is still functionality that I do not use after more than 3 years.

Reasons for choosing Netstock

Yes - Always

Response from NETSTOCK

Thanks, Johann for the awesome review. It's great to see that you are seeing such great benefits from our App. Regards Ann

Replied April 2020

Jean

Company size: 51-200 employees

Industry: Wholesale

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

September 2022

An easy to use, web enabled visual delight

Really good, love the monthly subscription, no high implementation costs, great customer service. Would recommend to anyone in a distribution business.

Pros

Easy to use, easy to visually see what stock is in other regions/hubs. I like the dashboard to see where we are as a business - what is out of stock, what is potentially at risk, what is overperforming, what is underperforming. In a business where data is critical, Netstock provides everything we need to make sound decisions.

Cons

Nothing, it gives us everything we need. We don't use it for container loading/sizing.

Reasons for switching to Netstock

I needed an easier to use, web enabled stock forecating system which could easily look at stock in other hubs/locations.

Response from Netstock

So pleased to see that you are deriving so much benefit. Thanks for the review Jean

Replied September 2022

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