StockIQ Software

4.82 / 5 (22)

Our advisors have recommended this product 3 times in the last 30 days

About StockIQ


StockIQ is a supply chain management (SCM) suite for 3PL's and distributors of all sizes. The solution is available in cloud-based or on-premise deployments. Key features include supply chain planning, demand planning, supplier management and procurement.

StockIQ offers a proprietary demand forecasting algorithm that enables users to generate forecasts for individual customers or channels. The purchasing module enables users to generate purchase orders, transfer orders and work orders. StockIQ can automatically adjust for real world factors like order cycle intervals, holidays and delivery schedules from suppliers.

StockIQ's supplier management module is able to generate lead times calculated from actual receipt history, instead of simple fixed numbers or averages. The promotion management module tracks performance of all sales and promotions. Inventory management can identify excess, define service level targets, monitor inventory turns, handle backorders, generate expiration forecasts and track new item performance.



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Supported Operating System(s):

Web browser (OS agnostic), Windows 10

22 Reviews of StockIQ

Average User Ratings

Overall

4.82 / 5 stars

Ease-of-use

4.5

Value for money

5.0

Customer support

5.0

Functionality

4.5

Ratings Snapshot

5 stars

(18)

4 stars

(4)

3 stars

(0)

2 stars

(0)

1 stars

(0)

Likelihood to Recommend

Not likely

Very likely

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Showing 1-20 of 22 reviews

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June 2019

Bret from Ergodyne

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

June 2019

StockIQ - making forecasting make sense!

Our experience with StockIQ has been tremendous. We have an opportunity to influence some enhancements and add-ons and the response time from their support team is outstanding. Our planners can now spend more time assessing odd demands and make better forecasting decisions rather than hours creating them in spreadsheets. Visually, the graphs have been wonderful in creating dialogue between our inventory planning team and the sales team.

Pros

The user interface is great and the usability is easy. System downtime is basically non-existent and the customer support is top notch. The development team at StockIQ listens to and values the feedback they get from users and often implement suggested changes...sometimes quite rapidly. StockIQ is a great planning software for companies of all sizes and the implementation was quick and painless.

Cons

Not much to say from a negative standpoint. Refresh time is a little longer than we'd like, but not excessive.

October 2018

Anonymous

Verified Reviewer

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

October 2018

StockIQ Review

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.

June 2019

Fred from Hirsch Pipe & Supply Co., Inc.

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

June 2019

StockIQ User

We are able to increase our service levels which has been a big focus for us in the last year to year and a half. We have realized an increase in service levels while we have decreased our overall inventory levels freeing up some capital to invest in other areas.

Pros

SIQ was a great addition to our current ERP system. SIQ is a great forecasting and purchasing tool for us. SIQ has brought us into the 21st century when it comes to forecasting our needs.

The personnel at StockIQ are so helpful and responsive when you have a question about the software or need clarity on an issue you are trying to resolve. Great group of people.

SIQ have helped us increase our service levels which has been something we have been focusing on and are able to help us reduce our overall inventory while increasing service levels.

Cons

Haven't had any cons yet. I guess my only negative comment might be that their software doesn't have everything we are looking for. However, we work closely with representative and he is developing some additional programs for us which is great as these are customized to our needs.

October 2018

Kurt from PlatinumCode

Verified Reviewer

Company Size: 11-50 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

October 2018

PlatinumCode Review

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.

July 2019

Robert from Hirsch Pipe and Supply Co, Inc.

Verified Reviewer

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

July 2019

Demand Forecasting that works and a great team to support it

Team has been exceptional to work with and had been extremely responsive.

Pros

Primarily chose the product due to the team behind the software and their responsiveness/willingness to address our needs. Software is highly scale able and user base has companies in similar industries. The team is a pleasure to work with and have the experience to develop highly advanced solutions to complex problems.

Cons

The batch nature of this type of software implementation (not unique to StockIQ) made internal process changes necessary. The large SKU count that we presented has introduced some performance issues that were unforeseen and had to be addressed early.

August 2018

Karl from PlatinumCode

Verified Reviewer

Company Size: 11-50 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

August 2018

This is an awesome inventory management platform!

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....

October 2018

Grafton from Hit Promotional Products

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

October 2018

SIQ = less Invt $ / more turns

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.

June 2019

Margaret from Hampton Products

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

3.0

Functionality

4.0

June 2019

SIQ for a Hardware Distributor

Our major concerns were forecasting by Customer Group on a weekly basis. Check Secondly being able to plan ahead for major events, either a promotion or change in the product offering at a major customer. Check We do have products that transition from A to B, this works in SIQ but could be better. We need it work in the future so we can plan to it, but it currently only works on the activity date; which is too late for planning.

Pros

We looked at several packages before selecting SIQ. SIQ was able to cover nearly all of our requirements, and performed in a similar manner to our old forecasting software. The people were very engaged in getting us up and running.

Cons

Lack a training materials to refer back to for processes used as needed. I watched the same video several times over while learning to use SIQ.

October 2018

Andrew from Central Restaurant Products

Verified Reviewer

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

October 2018

Most Features & Best Customer Experience

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.

June 2019

Lou from Storm Manufacturing Group

Company Size: 11-50 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

June 2019

Functionality and Usage of StockIQ

Pros

My favorite is the Inventory Stratification Summary and Detail. I used to have to run reports in the access data base and then bring them into Excel and do the sorting and filtering. StockIQ does this in 2 clicks of the mouse. I also like the feature in Forecast Manager where we are able to click on tabs to see additional features about the item. In other MRP systems, I had to leave the area you were in and go somewhere else to find the information.

Cons

I can't say that there was anything that I liked the least. Learning and navigating around the software is probably the most difficult and also understanding the algorithms that are being used.

October 2018

Doug from Hit Promotional Products

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

October 2018

Tailored Inventory Management & Forecasting 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!