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Inventory Optimization
Helps optimize inventory levels to reduce stockouts and excess inventory
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Automated Forecasting
Uses machine learning to provide accurate demand forecasting
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Easy Integration
Integrates with popular ERP systems and requires minimal setup
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Limited Features
Lacks some advanced features like multi-warehouse support and order management
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Pricing
Pricing can be expensive for small businesses
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Customer Support
Customer support can be slow to respond and not always helpful
- Opportunity to expand into new markets and industries
- Opportunity to add new features and functionality to stay competitive
- Opportunity to form partnerships with other software providers to offer a more complete solution
- Competition from other inventory management software providers
- Economic downturns can lead to decreased demand for inventory management software
- Data security breaches can damage the reputation of the company and lead to loss of customers
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Review Distribution
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👍
High - rated users
Netstock gives a simple and quick overview of stock position, ability to easily set policies for each class of stock, solver ability to build orders up to a volume, and connector to ERP.No way to edit previous one off spikes in demand that could affect future forecasting.
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🤔
Average - rated users
Moving from a traditional MRP-based system to Netstock was difficult for Procurement team members to grasp.
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👎
Low - rated users
Netstock provides an increased toolset to be used in the inventory management function, enhanced forecasting capability, and ability to tailor inventory policies based on vendor and individual SKU.Moving from a traditional MRP-based system to Netstock was difficult for Procurement team members to grasp, multitude of inputs and exception rules that could be applied was overwhelming and initially resulted in a loss of efficiency.
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Netstock Plan
