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Ara Ohanian, CEOSupply chain planning involves multiple departments, including sales, marketing, finance, and planning teams. But they all have different roles, incentives, and views on supply chain excellence.
Netstock is making a difference by enabling faster supply chain decisions.
Its robust, easy-to-use Predictive Planning Suite offers out-of-the-box functionality and an intuitive user interface that allows teams to get up to speed rapidly, realizing inventory and supply and demand improvements from day one. Customers can analyze their inventory landscape using its powerful predictive forecasting tools and swiftly adopt a plan.
“Mid-market and smaller businesses are adept at developing innovative products but don’t necessarily have the expertise to plan ahead,” says Ara Ohanian, CEO of Netstock. “We have empowered numerous organizations to leverage predictive modeling and analytics to better understand the possibilities, constraints, and opportunities within a plan. This has allowed them to develop successful, adaptive, and collaborative supply chain plans.”
Rapidly Conquering Supply and Demand Challenges
The Predictive Planning Suite provides four core values to customers. It saves time on planning by placing the right orders, minimizes stock-outs to retain customers and increase sales, reduces excess inventory so cash isn’t tied up where it shouldn’t be, and helps clients better prepare for volatile supply and unpredictable demand.
The first element in the Predictive Planning Suite is the Netstock Predictor, a premier, out-of-the-box solution that gives SMBs the intel they need to minimize stock-outs, place quicker orders, and reduce excess inventory. Predictor Bundles are set up as a progression. Customers can navigate complexities as they mature, grow or scale their business, with more sophisticated capabilities in each subsequent bundle.
Also offered are Predictor PLUS modules that provide customers with solutions that align their supply and demand requirements with enhanced sales and operations planning capabilities.
The firm’s organizational competencies, combined with its Predictive Planning Suite, enable organizations across the manufacturing, distribution, wholesale, and retail industries to rapidly conquer supply and demand challenges.
The Pivot Forecasting engine is another core component of the Predictive Planning Suite, providing powerful predictive analytics. This robust AI-infused, ML-based predictive engine provides the same forecasting power as inventory planning systems built for enterprise organizations.
Pivot Forecasting facilitates collaborative and predictive modeling across roles and organizations. It allows cross-functional teams to determine the viability of sales and marketing plans through scenario simulation and what-if analyses. They can generate forecasts that factor in trends, seasonality, promotions, and events while facilitating collaboration across departments to drive continual improvement.
The engine injects predictability into a customer’s planning process, helping them predict future scenarios and outcomes around supply and demand. Businesses can easily understand the constraints, limitations, and opportunities within the supply chain, allowing them to recalibrate and react rapidly, minimizing the negative impact of supply chain disruptions.
Helping Clients throughout the Supply Chain Planning Journey
Whether companies need to optimize inventories or align supply and demand with enhanced sales and operations planning capabilities, Netstock’s Predictive Planning Suite fulfills every need.
For instance, DaySpring—”a biblically true, spiritually relevant, and life-giving resources provider”— selected Netstock for their sales forecasting, inventory optimization, and S&OP.
AI and ML are big drivers for us at the moment, and we have already augmented our products with these technologies. Our customers can look forward to tighter AI and ML integrations and more technologically advanced predictive analytics tools
In just over a year, the client reduced inventories in the boxed cards product line by 65 percent, from an average of about two million units down to 700,000. They also maintained instock service levels of over 98 percent, which is essential due to the demanding characteristics of many of its channels.
In another example, it helped Shimano’s North American bicycle business ensure better inventory planning with increased responsiveness on the Amazon marketplace.
Company
NETSTOCK
Management
Ara Ohanian, CEO
Description
Netstock is a leader in supply chain planning software and is trusted by 2,200 customers globally. Netstock's cloud-based solutions enable businesses to remain agile, responsive, and profitable. Integrating into leading ERPs, each solution unlocks ERP data and leverages enhanced analytics so you can quickly respond to changes in supply and demand.
BOSTON - Netstock, announced the extension of its longstanding strategic partnership with Sage, a leader in accounting, financial, HR and payroll technology for SMBs. With Netstock’s advanced supply chain solutions and Sage’s powerful business management software, the next phase of this partnership will allow SMBs to make smarter, faster supply-and-demand planning decisions with a uniquely built bundle of inventory management solutions, ultimately optimizing operations for the better.
Many SMBs utilizing spreadsheets or manual processes to forecast and manage inventory often fall behind in the competition. SMBs are moving away from reacting to ongoing challenges on a one-off basis, and instead, pivoting to building a foundation of optimized operations with resilience in mind. Since the beginning of Netstock and Sage’s partnership in 2012, over 900 SMBs across the globe have utilized the companies’ intuitive inventory management applications to adapt to today’s dynamic, data-driven world of business operations.
“Through our twelve-year partnership with Sage, we’re leveling the playing field for Netstock’s global customer network and equipping SMBs with the cutting-edge software solutions needed to excel not only in the supply chain ecosystem, but in the broader business landscape,” said Barry Kukkuk, Chief Technology Officer and co-founder of Netstock. “Together, we’re equipping SMBs with the tools they need to run effective and efficient businesses. I’m thrilled we’re stepping into the next generation of our partnership and redefining inventory management—offering unparalleled opportunities to plan, optimize, and manage inventory with precision for the future.”
Netstock’s advanced supply chain solutions help optimize Sage ERP data, creating prescriptive recommendations to make smart supply-chain planning decisions for businesses. Customers adopting Netstock and Sage’s technology have experienced rapid ROI, including the reduction of inventory levels by 10-25%, improving fill rates by 2-10%, and unlocking improved cash flow. In just 17 months of adoption, one food and beverage company experienced a fill rate that exceeded 99% and a reduction of excess stock by 80%, leading to an improvement in financial ROI, staff morale, and job satisfaction.