StockIQ Reviews

StockIQ's dynamic forecasting system and ability to plan promotions better has really been a huge win for us, coupled with their multi functional reporting, filtering and integration with our current ERP has made it a no brainer for us as a rapidly growing omni channel company.

The only drawback that I can mention is the fact that we are in different time zones so the turn around on support required is not always immediate but as soon as they are up and running for the day their support and customer care has been phenomenal.

One of the benefits of StockIQ, is that it keeps on evolving, adding more functionality. As a company they are agile, meaning they are listening to their customer base and continually improving StockIQ. Compared to other Demand planning tools I have worked with, this is tool is way more user friendly, has an intuitive interface, and makes it ease to measure and improve key metrics.

The StockIQ support is efficient and detailed in there response, however the only minor concern is that we are in a different time zone, which means support can be delayed. It would be good if they can add more width to their support hours.

Stock IQ is a powerful business tool for Demand & Supply Planning, and Inventory Management. Forecasting at different forecast groups which then get aggregated into one large forecast is a useful function that makes planning for different sales channels easier. This aggregated forecast then gets used in the purchasing module of the tool where its really easy to calibrate, adjust, and calculate orders to the supplier. Furthermore the tool is quite customisable and the Stock IQ team are always up for trying to understand different ways we could use the tool and implement features.

There's not much to not like about Stock IQ. The only function that I wish could be used better is the capacity planning module as having capacity agreements with suppliers sometimes causes our ordering to need to be tweaked more than usual.

The software takes all the data that I managed and gave it meaning. It provided clear insight that could be shared to make many different business decisions.

Forecasting and Ordering were both key components that make life easier for any purchaser.

Not a complaint towards the software, but if you do a poor implementation, you will have problems. It will show information that is incomplete/incorrect based on the human decision put it. It is critical to ask the questions up front and make sure you know what you are being asked, otherwise, you will have to spend time later fixing your mistakes after you learned what the purpose of certain fields are.

The platform's functionality expands across our full supply chain for multiple users across different sectors of our business. The platform offers additional tools to help in other departments, they are more than just forecasting. Here are some great features that separate Stock IQ from it's competitors.
1- The team at StockIQ is a big part of the success for us. As a partner, they are always available to support question and engaged in supporting ways to enhance the data from the system. During the past year they setup forums, discussions, and posted best practices to managing forecasting at a time when it was necessary for all of us.
2-Customization- Being able to tie in Product Hierarchy in several levels allows for customized views for different users and maintain data integrity.
3- Executive Summary page- allows users to gain quick insight and digest what's happening in the business again with filtered views for individuals the ability to focus on.
4- Inventory Analysis - the Stratification section provides a transparent cross-section of information surrounding Product Performance as it relates to On Hand Inventory.
5- Firm and Planned tool- organize your forecast needs for both short term and long term by hierarchy, great for sales Goals and Budgeting projections.
6- Pivot tables- being able to drive into data and saving the views is of great benefit.
7- Alerts- there are lots of alerts on the platform that can be managed by the users responsibilities.

There is a great deal of data to users in Stock IQ that will benefit other departments with in your business. Collaborate within your organization and allow them to be part of the implementation process. Stock IQ is very supportive in adapting the platform based on new requirements. We are reorganizing our data structure to make this tool even more powerful for the whole organization and not just "Forecasting".

The reason we chose StockIQ is there responsive team, a supply chain planning software that is intuitive and provides all that my planners need to get their job done.

I contacted StockIQ a week after going live on a new ERP. The information our planning department required to launch Purchase and Transfer orders was not available. Planners were not getting the information required to conduct daily purchases and transfers to branch facilities. The planning team was struggling to plan timely replenishments and meet the high volume of replenishments to our hub and satellite facilities due to the lack of information.

The team at StockIQ fast tracked a start date and completed an implementation in three weeks.

We implemented the software over four years ago and can't think of any cons at this time.

The user interface is great and the usability is easy. System downtime is basically non-existent and the customer support is top notch. The development team at StockIQ listens to and values the feedback they get from users and often implement suggested changes...sometimes quite rapidly. StockIQ is a great planning software for companies of all sizes and the implementation was quick and painless.

Not much to say from a negative standpoint. Refresh time is a little longer than we'd like, but not excessive.

Ease of use and terrific customer support.

I have not encountered any major issues with this product ... in the 8 months that I have been using SIQ it has been smooth sailing.

Without question it's the ability to take the tremendous amount of manual review of stock activity and have a system evaluating your levels of demand virtually real-time and giving you suggestions that you can depend on without having to second-guess. This saves us a tremendous amount of time and also ofcourse reduces the amount of inventory on hand.

We have a hub/spoke relationship with our own central location here re-supplying the spokes which are 3PL warehouses around the country. We've had a few issues with understanding the demand coming from these "spokes" - just definitely a learning curve to understand how the system is interpreting the data.

The biggest Pro of StockIQ is their team; they are honest and they stand behind their product. It's rather refreshing. As for features, the product is intuitive and easy to navigate. A (new for me) favorite feature is ability to look at forecasts at various levels of the hierarchy, make major adjustments at any level with just a few clicks, and review and modify from there without having to spend hours adjusting individual forecasts. This has become an essential task due to the extreme swing in demand caused by the pandemic.

There really aren't any Cons. We run a pretty complicated machine here and StockIQ has worked with us to address our challenges.

This software will automatically recommend reorder/manufacturing quantities based off of actual usage, lead time and your level of service you put on the item. I can prevent stock-outs on all your sku's at the same time prevent you from overstocking and tying up cash flow. This system will literally replace an employee by digitizing your inventory analysis. Awesome software.

This software is so great it is hard to come up with any Cons. The only thing I would say is that it is somewhat difficult to learn all the functions of it, however with StockIQ's excellent customer service and training they will help you thru all this....

SIQ was a great addition to our current ERP system. SIQ is a great forecasting and purchasing tool for us. SIQ has brought us into the 21st century when it comes to forecasting our needs.

The personnel at StockIQ are so helpful and responsive when you have a question about the software or need clarity on an issue you are trying to resolve. Great group of people.

SIQ have helped us increase our service levels which has been something we have been focusing on and are able to help us reduce our overall inventory while increasing service levels.

Haven't had any cons yet. I guess my only negative comment might be that their software doesn't have everything we are looking for. However, we work closely with representative and he is developing some additional programs for us which is great as these are customized to our needs.

The all-encompassing approach and the ways to produce data in a way that allows for simple alignment to your business strategy is just great.
The GUI is friendly with a great deal of info, the support team are just great.

The USA centre for the service causes issues around time-zone but the guys go out of their way to start really early and support us where possible.
There are times when the screens do take an age to update, typically if data navigation is paused for over 10 minutes.