Forecasting & Inventory Optimization

Netstock’s Predictive Planning Suite is designed to help small and medium businesses in distribution, manufacturing, and retail make better inventory replenishment decisions. It integrates seamlessly with Sage ERP and helps business to:

• Reduce stockouts
• Minimize excess inventory
• Free up working capital
• Produce quality forecasts
• Reduce time spent on manual tasks
• Help identify the optimal investment required to achieve target fill rates

Forecast Pro is used by organizations around the globe for creating statistically-based accurate forecasts that can be readily integrated into broader planning systems. Designed specifically for business forecasters, Forecast Pro is easy-to-use yet provides state-of-the-art methods and comprehensive tools that have been more than 30 years in the making.

• Automatic Statistical Forecasting: A wide range of forecasting models with automatic “best pick” option.
• Easy Forecast Adjustment & Collaboration: Excel-like grid allows easy adjustment at any level in the hierarchy. Stakeholders collaborate seamlessly in the application or via Excel.
• Sales and Operations Planning (S&OP): Import supplementary data ‒ such as other forecasts, current inventory, and open orders ‒ to build customized reports and graphs.
• Exception Reporting: Gives you a quick way to identify potential problem areas that need your attention.

StockIQ is a supply chain planning suite targeted at 3PL’s and distributors that helps your business run efficiently, improve forecast accuracy, and reduce inventory levels, while providing unmatched service to your customers and shippers.

• Reduce Stockouts: By accurately forecasting your items and setting statistically based safety stocks.
• Improve Service Level: By using StockIQ to stratify your inventory based on factors most important to you, you can ensure that you have the right parts in the right places to hit your service level goals.
• Reduce Planning Cycle Time: StockIQ allows daily optimized purchasing for maximum responsiveness to a dynamic world.
• Reduce Inventory: Experience has shown that distributors, manufacturers and 3PL’s alike can enjoy 10-35% reduction in inventory levels, all the while improving service level.
• Improve Operations: By providing standard tools with best practices built in, StockIQ helps eliminate Stockouts, eliminate excess, and reclaim warehouse space for more products or clients.

Epicor IP&O is a powerful platform designed to enhance demand planning and inventory optimization within your ERP ecosystem. It empowers businesses to make data-driven decisions, reduce excess inventory, and improve service levels through advanced analytics and automation.

• Statistical Forecasting: Automatically generates forecasts that account for trends and seasonality. Forecasts are recalculated each planning cycle using the latest demand data, enabling planners to compare statistical projections with sales forecasts and project-based demand.
• Inventory Optimization: Supports the generation of Min/Max levels, reorder points, and order quantities. Users can simulate the financial impact of different inventory policies using “What If” scenarios and set service level targets by item or group.
• “What If” Analysis: Enables planners to evaluate multiple stocking strategies by adjusting service levels, lead times, and order quantities. Predictive metrics such as fill rates, stockout costs, and inventory value help guide strategic decisions.
• Lead Time Analysis: Calculates supplier lead times from historical data, allowing planners to choose between ERP-defined, user-defined, or dynamically computed lead times for more accurate planning.
• Automatic ERP Integration: Seamlessly integrates with your ERP, eliminating manual data entry. Forecasts and stocking policies are written back to the ERP system automatically, ensuring data consistency and operational efficiency.