Netstock introduces Excess Redistribution, a cutting-edge feature within its Predictor Inventory Advisor, to enable small and medium-sized businesses to manage inventory more effectively across multiple locations.
Inventory Balancing Revolutionized
Netstock, a prominent provider of supply chain planning tools for SMBs, has unveiled Excess Redistribution, a transformative feature within its cloud-based inventory management system, Predictor IA. This tool is designed to facilitate instantaneous inventory rebalancing, informed by real-time and predictive analytics, to optimize stock levels and enhance working capital efficiency.
Addressing Excess Inventory Challenges
Excess inventory has traditionally plagued businesses, locking up capital and escalating storage expenses. SMBs, in particular, struggle with overstocking due to limited visibility and forecasting accuracy. Excess Redistribution aims to rectify these issues by providing a sophisticated analysis of stock levels, enabling planners to reallocate inventory intelligently to meet demand.
The Power of Intelligent Redistribution
The new feature offers a solution to the common problem of excess stock at certain locations while other locations face shortages. By analyzing inventory data, Excess Redistribution identifies surplus and suggests optimal redistribution strategies to demand planners. Integration with ERP systems allows for seamless transfer order automation, ensuring that inventory is positioned to maximize sales and minimize procurement costs.
A Strategic Move for SMBs
Barry Kukkuk, CTO and co-founder of Netstock, emphasizes the importance of efficient inventory management, especially given the recent economic and supply chain volatility. Excess Redistribution is a testament to Netstock’s dedication to providing SMBs with advanced tools for strategic inventory management, enhancing customer satisfaction through better stock availability.
About Predictor IA
Netstock’s Predictor IA is a comprehensive cloud-based solution that empowers businesses to refine inventory management, enhance demand forecasting, and minimize the risks of stockouts and overstock. It offers multi-location visibility and actionable insights for smarter purchasing and inventory allocation decisions.
For additional details on Excess Redistribution and Predictor IA, visit Netstock’s website.
