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NETSTOCK CLASSIFICATION

Identify and define what's important for your business


If you feel like you're fighting inventory fires everyday, you're probably working on urgent issues, and not important tasks. Working on important tasks allows you to make calm choices and propel the business forward.

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Automatically Classify

In order to focus resources

REMOVE THE NOISE

Eliminate obsolete items and put the non-stocked items into a separate category

CATEGORIZE

Classify items into A, B and C categories, based on future sales and cost or margin

APPLY THE 80/20 RULE

20% of the items make 80% of the sales

Your business is dynamic, so too should your classification be

High-Velocity Items

Are important too
  • Fast moving: Some items are not high revenue generators, but they move fast
  • Get focused: These important items get their own classification, so you can focus on them

Identify your most important items in terms of future revenue

A Powerful Classification Matrix

See the importance of every item in the warehouse

GREEN BLOCKS

Your bread-and-butter items which warrant most of your resources

RED BLOCKS

Items that contribute nothing but noise to your business. Consider rationalizing this portfolio of items

BROWN BLOCKS

Special items you should plan for in a different way to your normal items

See how combining ABC and HML classifications creates an intuitive matrix of product importance

Set High-Level Policy

Based on inventory classification
  • Specify investment: Specify how much investment you want to make into each category via the Target Fill Rate setting
  • Determine frequency: Determine how often you want to review and order each category with the Replenishment Cycle setting
  • Optimize ordering: NETSTOCK will automatically generate optimal ordering plans based on your desired Inventory Policy

Setting the rules for replenishment has never been easier or more logical

Urgent vs Important


Instantly make the determination


  • Easy Identification: Everywhere an item is displayed in NETSTOCK you see the item's classification

  • Use the matrix: Knowing where an item fits into the matrix allows you to determine if the problem you're dealing with is Urgent or Important

  • Save time: Fight fewer fires on items that just don't matter