CoreEDI compliance with NETSTOCK.

Inventory optimisation for fewer stock-outs, less excess inventory, and smarter ordering.

Small and medium-sized businesses face numerous inventory challenges, and they rarely have the correct tools to solve these problems. Most commonly, these businesses suffer from:

Inefficient ordering processes - You compile the required data from reports and extracts, create a forecast incorporating seasonality and trends, calculate the level of safety or buffer stock, factor in current stock on hand and outstanding transactions, and incorporate supplier ordering constraints such as minimum order quantities, order multiples and minimum order values – all this to create order recommendations that may be based on out-of-date information by the time you are finished.
Stock-outs - Running out of stock is terrible for your business. When your customer wants to buy a product from you and you don’t have it, you risk losing the sale, losing the whole shopping basket, and losing your customer for good.

Costly excess inventory - Holding too much inventory in your warehouse is a major problem that continues to cost you money: you have to warehouse it and insure it, it depreciates over time, it can be broken or stolen, and you keep counting it each time you do a stock take. When you have too much invested in inventory, you do not have the cash to invest in items that are stocking out.

It's an unfortunate reality that many of the small and medium-sized businesses we talk to deal with all three issues. NETSTOCK provides a solution to these common stumbling blocks, giving you a visibility into your inventory that you've never had before.