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INVENTORY MANAGEMENT FOR ODOO

Unlock your Odoo inventory data with NETSTOCK.

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The inventory capabilities in Odoo only provide basic inventory management functionality. Using a minimum / maximum order level, the reorder point can only be added manually.

NETSTOCK provides a safety stock engine that takes lead time, desired service level analysis of supplier’s performance, and forecast accuracy into account. Since Odoo only accepts manually calculated minimum / maximum levels, it is challenging to consider all these factors working within spreadsheet calculations.

NETSTOCK integrates with Odoo to extend the inventory Management functionality and provide a more intelligent, more agile inventory experience. See how NETSTOCK gives you the visibility of your inventory to make quick, accurate decisions for your business.

See how Netstock takes your Odoo Inventory to the next level

										

Items Classification

Immediately determine your high-demand, high-profit items by classifying your inventory and dedicating more time and resources to these items. At NETSTOCK, we use a highly accurate classification matrix that considers each item’s sales value and sales velocity.

Setting your inventory policy based on the item classification, you can:

  • Specify how much investment you want to make into each category.
  • Determine how often you wish to review and order each category with the replenishment cycle setting.
  • Automatically generate optimal ordering plans based on your desired inventory policy.

Watch how the NETSTOCK classification matrix enables you to prioritize your time and financial resources.

Forecasting new Items

The NETSTOCK forecast engine accommodates customers who have more sophisticated forecasting needs. By adjusting the forecast settings, you have more control and flexibility. You can forecast new items based on sales of their predecessor and amend your forecast for anomalies that may have occurred from a sales or operations perspective.

More advanced forecasting features include:

  • Lost sales compensation
  • Reactivity setting
  • Seasonality
  • Maximum growth and maximum decline

NETSTOCK’s powerful forecasting engine can help you generate reliable sales forecasts, review stock levels, and improve customer satisfaction.

Safety Stock

NETSTOCK achieves dynamic safety stock levels that provide a far more accurate calculation. Safety stock is calculated based on each item’s classification. If changes to an item occur, for example, the supplier becomes unreliable, the supply risk will automatically escalate, and NETSTOCK will automatically increase the safety stock level. This ensures that you never have too much or too little in your safety stock buckets.

NETSTOCK Dashboard

The NETSTOCK Dashboard measures all the Key Performance Indicators you need to manage your inventory effectively:

  • Stock-holding and why you’re overstocked.
  • Fill Rate, and why you’re not servicing your customers as well as you can.
  • Potential stock-outs are highlighted so you can action those timeously.

Watch how NETSTOCK’s slick dashboard allows you to measure and manage your inventory and focus your attention on the items that make the most significant impact on your business.

Bill of Materials

You don’t usually change production plans every day, but traditional reorder point ordering and planning assume that you do. This creates a disconnect that leads to emergency changes and rushed production. NETSTOCK minimizes the changes by using the “look forward days”’ feature to factor in the period until the next planning occurs.

With the NETSTOCK Bill of Materials feature, you can extrapolate the demand from the finished goods forecast through a multi-level bill of materials to components and raw materials.Having this visibility allows you to have the appropriate safety stock, considering supplier delivery and forecasting performance.

Balance your inventory investment.
Integrating Odoo with NETSTOCK provides a smarter, more sophisticated inventory management solution to give you a balanced and profitable inventory return.

Why Odoo customers love NETSTOCK

"The NETSTOCK classification matrix and policy parameters have completely changed the way we look at inventory. By trusting the NETSTOCK application and adhering to its forecast recommendations, we have reduced our inventory by 25%."

STEVE KILLWORTH
OPERATIONS DIRECTOR / SELECT HARDWARE

CASE STUDY

Odoo customer, Select Hardware was finding it increasingly difficult to manage their 4,000 plus SKU’s in a spreadsheet. To forecast and set safety stock percentages at item level was far too time-consuming, so they adopted a ‘one size fits’ all approach, which often resulted in excess stock. Download their case study to see their inventory journey with NETSTOCK.

View Case Study

NETSTOCK Features

Make Better Inventory Decisions

Is your manufacturing planning optimal?

As a manufacturing business, you probably have an existing solution that enables you to set your inventory levels, plan your manufacturing, suggest raw materials and components you need to order to support your manufacturing process.

Trying to manage your inventory in a manufacturing environment is extremely complex and not something that can be done easily in a spreadsheet. If your current processes and systems do not support or handle complexities, now is the time to explore alternatives.

Curious how NETSTOCK tackles this problem?

Read Netstock’s Guide

Free Course: 6 day Inventory Crash Course

Receive the 6 core lessons required to master inventory management.

Integrating your Odoo with NETSTOCK provides a smarter, more sophisticated inventory management solution that will give you a balanced and profitable inventory return.

How it works

Start improving your inventory in as little as 48 hours



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Import from Odoo



Whether your Odoo is on-premise or in the cloud, NETSTOCK will connect in minutes




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Preview your Data



In just an hour or two NETSTOCK will show where you have too much or too little inventory




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Start Optimizing



Start benefiting from optimal levels and purchase orders within a few days of installation





Get Started

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