KCSI’s Custom Software Practice
KCSI has expertise in the design, development and implementation of custom solutions.
We work with our clients to pinpoint and diagnose the limitations of your current software scenario. We look at whether your current tools can provide what you need. This analysis helps in the critical evaluation, which then leads to a decision to continue with or modify the existing system, or to create a completely new system.
For custom IT solutions, we help identify and define what your new system will need. By the end of this sophisticated step we’ll have a complete understanding and can institute a system design that will suit your needs. In short, we decide on application component identification, calculation details, database design and components; process and functions, and then finally, your security requirements.
Following development and design, elaborate system testing is conducted. Lastly, we conduct detailed reporting to the client and thorough disclosure of our progress. KCSI has successfully completed this cycle numerous times. It’s both time and fiscally effective and efficient.
Give KCSI a look today to get the process started @ www.kcsi.ca.
The Inventory Specialist
The greatest single asset any business can have regarding its inventory management is nothing more technical than a human being dedicated to the tasks required by inventory. Many businesses rely on machines from data collectors to security cameras but somewhere in the system must be an individual whose thorough understanding and adherence to sound inventory management standards. Armed with the most complete and easy-to-use tools – such as SIMMS Inventory Management software – this devoted employee can make all the difference to a company’s stock accuracy and customer satisfaction.
Someone must thoroughly understand the importance of supply chain science as well as be the versatile and reliable coordinator of physical ins and outs of the business. Inventory Lead Hands are a saving grace and few others have more knowledge of specifics of what you need.
Contact KCSI today to learn more about how a single person can use SIMMS to keep on top of your stock requirements.
Inventory Theory
Here is a quick primer on inventory management:
Inventory Turnover Ratio
The inventory turnover ratio (ITR) gauges the number of times stock has been turned over (replaced and sold) in a year. ITR is a sound indicator of stock management, accurate buying practices and consistent stock quality (whether the items are obsolete or not). It is assessed by dividing total purchases by average stock in a given period.
Measuring your stock turnover is important because gross profit is earned each time such turnover occurs. This ratio can enable you to see where you might improve your purchasing practices and stock management. For example, you could analyze your buying patterns as well as those of your clients to determine ways to reduce the amount of stock on hand. You may wish to turn some of your obsolete items into cash by selling it at a discount. The ITR also will indicate if your stock levels are too low and if you’re missing out on sales opportunities.
The formula is:
COST OF GOODS SOLD
ITR = ——————————–
AVERAGE INVENTORY
At KCSI, our experience with, and knowledge of, stock management grows daily by leaps and bounds. Our in-house experts can advise you on precisely what you need to stay on top of your business, keep ahead of your competitors, and optimize your profit margin.
Contact us at sales@kcsi.ca for the best advice you can get about inventory management practices.
Are Your Systems Talking?
When doing business in the modern commercial strata, companies often have one application to handle one task, a second package to deal with another concern, and possibly others all specialized in their field of mastery. However, getting disparate systems or applications to link together and share information is difficult. The solution to this is to get customized software developed that includes all of your business needs under one umbrella.
If you are an established business or a start-up, KCSI is here to assist you for every step of your software development. We work from concept to analysis to prototype, and then continue through development and, ultimately, deployment of the solution you need. Almost two decades of expertise enable us to understand and build the solution for your needs.
The success of your product requires diversity and versatile technology expertise to develop the custom product that will answer your requirements, improving your real-time data access, streamline your maintenance of the system, and optimize your business processes.
At its base, custom software must be easy to navigate, intuitive and straightforward. It also must function on your devices of choice from mobile to desktop, with the prototype being instantly familiar and the necessary testing being both quick and easy. We also take advantage of automating the tasks that you perform the most often. At the finish, you’ll have what you need in a world-class product.
Contact sales@kcsi.ca to let us help you devise and achieve the inclusive, sophisticated software you need.
Performing Stock Counts with SIMMS
SIMMS Inventory Management provides you the features you require to perform and streamline physical inventory counts. Integrating numerous Stock Count features with our stock management system with data collectors help your stock-counters gain efficiency and speed by scanning barcodes instead of hand-writing quantity details on a clipboard. SIMMS compares its quantities with the details from your data collector to determine any variance that may have occurred. Then review discrepancies prior to finalizing your Stock Count to see if you need to conduct a re-count.
SIMMS Stock Counting features include:
– Create adjustment documents can be created from the stock counts and are recorded and linked to the stock counts for a comprehensive audit trail.
– Decide if you want your physical count to match the theoretical stock at the beginning of an adjustment or you can decide to “zero out” your stock for all items prior to beginning the count.
– Freeze stock from being used while the count is taking place or opt to do a “snapshot” (in order to reduce the interruption to operations).
– Import physical quantity details using data collectors or enter them manually.
– Item quantity details and system costs can be hidden from your stock-counters to help you ensure more accurate counts. Inventory values can be displayed at any time to managers who need this information.
– Print a Variance Report for viewing the discrepancies in the physical and system quantities in terms of percentages, units of measure, and/or values.
– Produce Stock Count documents easily and quickly created for specific items and stock bins making it possible for you to instantly compare physically-counted item quantities to the “system quantity” at that moment in SIMMS.
– Track stock counts in stages that match your current workflow. Stock-counters can enter the data, have it reviewed by managers and then accounting staff can make the final adjustments.
Let SIMMS manage your stock counting concerns today with its built-in speed and accuracy. Give it a free trial here: http://simmssoftware.com/inventory-software/Download-Trial.aspx
Making the Right Choices
Inventory consumption, items that sell least or sell most, items that depreciate as they sit unsold on the warehouse shelves, or pieces that seem to require more repairs or replacements than do others — all these concerns can lead to much-needed changes imparted by managers and department heads. Complete information is the answer to the challenge for those whose jobs require swift and easy adjustments to make profits maximized and overhead costs limited. Making decisions remains both complete and easy with SIMMS Inventory software.
When systems compile information from a database, they merely grab values that are needed for time-worn formulas. With SIMMS, built-in reports can be customized to link to information that may not be included in those standard formulas. These customized views often produce the best and most useful data. SIMMS also enables you to choose your own preferred versions of the standard screens you use most, and familiarity with them adds to the speed and accuracy you can establish and maintain with the software.
Give SIMMS 2017 a free trial today by clicking here: http://simmssoftware.com/inventory-software/Download-Trial.aspx
CRMUnleashed is Simplicity Itself
Track Your Key Inventory Metrics
An industrial engineering axiom states that what isn’t measured can’t be improved. From an inventory perspective, the metrics are the same for online sales as for catalogs, although the forecasting systems requirements for Internet promotions may be different from those for catalog inventory. The metrics include:
- Age of inventory
- Cost of backorders
- Final fill rate/returns/cancellations
- Gross margin return on investment (GMROI)
- Initial customer order fill rate
- Maintained gross margin
- Measures of overstock
- Top-line and bottom-line growth
- Turnover
- Write-downs as a percentage of costs.
Key metrics for stores would include:
- Top-line and bottom-line growth
- Comparable-store sales (year over year)
- Maintained gross margin
- Turnover
- GMROI
- Weeks of supply
- Markdowns/margin loss from write-downs
- Age of inventory
- Sell-through percent
- Stock-to-sales ratios.