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StockIQ Technologies

Score9.4 out of 10

2 Reviews and Ratings

What is StockIQ Technologies?

StockIQ is a supply chain planning suite developed for distributors and manufacturers by industry practitioners, with the goal of helping users to improve forecast accuracy, and reduce inventory levels, while providing unmatched service to customers.

Top Performing Features

  • Supply forecasting

    Ability to use past and current data on producers, suppliers, and international trade to predict what trends might impact supply in the future.

    Category average: 7.6

  • Supplier delivery scheduling

    Software that creates supplier delivery appointments.

    Category average: 7.9

  • Demand forecasting

    Similar to demand sensing, but draws on more historical data to create a forecast of future demand.

    Category average: 7.9

Areas for Improvement

  • Purchase order generation

    Ability to produce purchase orders after a sale has been made.

    Category average: 8

  • Resource optimization

    Ability to allocate resources/materials across the supply chain in the most efficient way.

    Category average: 7.8

  • Shipping performance

    Monitoring of shipping performance.

    Category average: 7.6

Intelligent forecasting

Use Cases and Deployment Scope

As a buyer we use StockIQ daily to create our purchase orders, the ease of use is fantastic. It provides us with tools to easily access unexpected demand, best qty breaks, lead times as well. We can easily access all open purchase orders, set up holiday schedules and update any changes needed with our vendor scheduling. SIQ's support response has been quick and informative, always willing to help with a solution.

Pros

  • The filters are so useful, drilling down for detail made easy
  • Order Wizard
  • search function is incredibly user friendly

Return on Investment

  • Rebalancing and transferring inventory
  • Optimizing qty breaks
  • Home screen for a quick glance of our overall inventory