Listen to this articleBelow is our recent interview with Karin Vogel, from Netstock:
Q: Karin, can you tell us something more about Netstock?
A: Netstock is a leader in predictive supply chain planning software and is trusted by 2,200 customers globally to optimize their planning. Powered by AI technology, Netstock’s cloud-based solutions empower businesses to be agile, responsive, and profitable. Netstock integrates with leading ERPs, leveraging enhanced analytics so businesses have the visibility to quickly reduce excess inventory, free up operating capital, automatically place accurate orders, and minimize stock-outs to meet demand.
Q: Any highlights on your recent announcement?
A: Unleashing future possibilities for Netstock customers with the newly released Opportunity Engine.
With Netstock’s technology, customers can access a continuously evolving AI-driven tool, the Opportunity Engine, which will play a pivotal role in shaping their business’s future success and revealing untapped opportunities in their inventory. This innovative, proactive solution quickly identifies potential issues such as excess inventory building up or stocking out, allowing customers to save time, address issues quicker, and stay one step ahead of supply and demand disruptions.
Incorporated into Netstock’s solutions as a value-add for all its customers, the AI-infused Opportunity Engine revolutionizes how supply chain planners manage their inventory by serving as the ultimate digital assistant. Analyzing inventory data, the Opportunity Engine anticipates potential problems and provides recommendations, enabling customers to respond and rectify issues long before they become a problem.
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Q: Can you give us more insights into your offering?
A: Netstock’s Predictive Planning Suite leverages a robust AI-infused, ML-based predictive engine that provides the same power as supply chain planning solutions built for enterprise organizations. Netstock Predictive Planning Suite imparts predictability into our customer’s planning process, helping them to predict future scenarios and outcomes around supply and demand. The predictive analytics provided by our suite allows customers to unlock operating cash through better inventory management, enabling them to invest in high-performing, profitable products.
- Businesses can recognize ROI from day one of implementation by reducing stock-outs, minimizing safety stock, and deploying efficient and effective replenishment plans.
- In addition, Netstock provides a world-class learning academy based on decades of supply chain expertise.
- Netstock’s onboarding and customer success support are unrivaled and ensure customers master supply chain planning and can incorporate predictability into their planning process to pivot to market changes. The result? Happier, profitable customers who have the upper hand over their competitors.
Nestock offers two predictive planning solutions for customers, designed to support their business depending on their maturity level and complexities:
- Netstock Predictor™ is our premier out-of-the-box solution, designed to help reduce excess inventory, improve ordering, and prevent stock-outs. Our bundles are set up as a progression, so customers can move up as they navigate increased complexities and sophistication within their operations.
- Predictor PLUS™ Modules
Predictor PLUS™ modules provide expert functionality to our suite and provide enhanced demand, supply and capacity planning functionality enabling a slick sales & operations planning process for your business. These modules can be purchased stand-alone or as part of Netstock Predictor.
Q: What can we expect from your company in the next six months? What are your plans?
A: True to Netstock’s core value of providing its SMB customers with affordable and innovative technology to compete in the market and remain successful, Netstock is constantly reviewing and improving its software. The customer’s success drives and motivates Netstock’s innovation. During the next six months, the Netstock team will roll out another value-add AI tool and two additional features, one that will drastically improve scenario planning and another to provide superior supplier visibility. Watch this space – it will super-charge supply chain planning capabilities for Netstock customers!
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Q: What is the best thing about your company that people might not know about?
A: Netstock out-paces other software companies by delivering the latest technological advancements, showcasing its dedication to its customers, and its internal agility to rapidly bring excellent predictive supply chain planning products to the market.
With that, Netstock recently launched Pivot Forecasting®, a powerful and robust forecasting engine designed to inject predictability into the planning process, empowering businesses with dynamic and accurate forecasting capabilities. It’s a game-changer for businesses, giving them a competitive advantage in the market. Speed to market, reducing costs, and forecasting accuracy in the supply chain industry are paramount today!
With Pivot Forecasting, demand planners can forecast at a granular level, considering product, group, sales channel, and key customers. The feature offers multiple forecasting options, including top-down, bottom-up, and middle-out approaches, ensuring accurate and collaborative predictions. SMBs can now access enterprise-level forecasting capabilities, previously only available with expensive software solutions. Pivot Forecasting integrates information from different departments and functions, enabling collaborative forecasting and creating a unified forecast. It supports flexible hierarchies, allowing forecasting at various group levels and across different measurement dimensions like units, price, cost, or margin.
Key Features:
- Forecast by product, group, sales channel, and by key customers
- Forecast top-down, bottom-up, and middle-out
- Collaborate with your team to aggregate into a single forecast
- Dynamically jump between units and currencies
- Adjust future prices and costs at varying levels
- Rapidly account and plan for future promotional activities
- Improved causal forecasting through machine learning (ML)
