Category Archives: Inventory Management

Reconciling with SIMMS

SIMMS’ Bank Reconciliation features streamline the process of performing credit card and bank reconciliations. SIMMS is easy to use, automated and very affordable.

You can avoid manual reconciliations because of their inexactitude. But no matter how often you reconcile, whether you’re in balance or not, SIMMS makes the whole mundane task both instant and straightforward. Once you’re on SIMMS’ easy-to-use interface, just point-and-click.

Process Cash Purchase Transactions
Smoothly process your cash purchase entries and split the amounts between accounts (if you need to).

Enter Credit Card Charge Transactions
Quickly enter credit card charge entries and split the amounts between accounts (if you need to).

Bank and Credit Card Accounts
SIMMS makes adding Bank and Credit Card Accounts simple with a light and quick wizard. SIMMS’ Bank Reconciliation features take all the pain out of performing credit card and bank reconciliations.

Enter Deposit Entries
Enter, edit and track your deposits with ease.

Easily Transfer Funds
Transfer funds from one account to another easily with SIMMS’ quick-as-a-wink interface.

For a free trial of SIMMS, click here:
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SIMMS Inventory Features

Manufacturing, warehousing, logistics and accounting are all needs of any business that is seeking inventory management software. The minimal numbers of features in any software solution must include:

- Access to a complete financing package

- Continuity in production

- Convenience of stock within each location

- Dynamic tracking of item attributes

- Easy handling of materials

- Facilitates sale of goods

- Inbound and outbound logistics

- Internal logistics

- Inventory management

- Inventory Tracking

- Lot control

- Production centers clearly defined and optimized for performance

- Protection and preservation of goods

- Quality assurance

- Reduced risk of loss

- Regular and smooth flow of goods

- Task Management and Automation

- Tracking, tracing, and identification of items

- Useful and practical for small businessmen

This combination of features all occur in SIMMS Inventory management software. Visit www.simmssoftware.com or email sales@kcsi.ca for more information on how SIMMS is the perfect choice for your inventory and accounting control.

The Cost of Replenishment

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The cost of replenishment is calculated on a per item, per order basis. This is because it takes the same amount of internal effort to determine how much of each item you want, from which supplier, at what pricing, terms, and so on, no matter which item is being considered and no matter how many items there are on any given purchase order.

Therefore, if the R Factor is $8.00 per item on each order, and there is a single item on an order, the replenishment cost is $0.00. If there are two items, the total is $16.00. If there are three items, it’s $24.00, etc.

To calculate your cost of replenishment, use this formula:

Total Annual Costs

———————————–        = Replenishment Factor

Total Times Stock Items

For your best choice of cloud-based inventory/accounting management, give FreshVu2Go a free trial here:
https://freshvu2go.com/free-trial/?plan=trial

 

Anticipating Needed Stock

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Often the purchase of stock items may seem to require some sort of clairvoyance to know the quantities that customers will want. SIMMS Inventory Management software will enable users to set up blocks of time — known as stages — during which such transitive items can be bought in advance of the systematic ‘rushes’ that occur throughout a financial quarter or term. Analytical reports on usage and inventory turnover can help the pattern be spotted long before the rush comes.

“Anticipatory inventory” is stock that is stacked or held by a company to provide for unanticipated demands for a product that cannot be met by the production team. In other words, if the production unit suddenly goes on a strike, finished goods will not roll out of the factory. When this happens, business’ sales are likely to be effected. But proactive companies with anticipatory inventory would be able to supply during such crises and ensure that the sales do not suffer. Anticipatory inventory is only a temporary answer and can handle sales demands until the existing stock units are depleted.

Contact KCSI today or visit www.simmssoftware.com to learn more.

SIMMS 2017: The Best Cloud-based Inventory Application

 

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As inventory management moves into the future, a vast number of companies are moving in the direction of cloud computing. While use of cloud software shows a lowered expenditure and a quicker ROI, there are other advantages to its use.

The real-time inventory monitoring is a part of the efficiency to be gained from a cloud system. Changes in one place cause an update in numerous other places in the system. Greater access and accuracy lead to confidence in the system and reliance on its features. Tracking products and supplies then generating reports based on the results are the mark of a fluid system. Remote login to up-to-the-minute data at any time in any department in any branch anywhere is the strength. Versatility in terms of equipment used to access the data is also a benefit – Blackberries, smartphones, tablets, all are supported by quality cloud systems.

Inventory programs in cloud format also increase inter-departmental communications and increase speed and efficiency. Restocking quantities and frequency, shipment status of customer orders, support information and progress, overall operations, as well as current fiscal data are all advantages gained by a cloud experience. Profit margins and break-even points are equally accessible and available.

From small to medium-sized businesses, another advantage to online systems is their availability and affordability when compared to OOTB (out of the box) systems. Features you need can be added to the interface and tools can be customized and prioritized. Sophistication, the capacity to increase sales, the improvement of efficiency and accuracy are the marks of any good inventory system and SIMMS 2017 Inventory Management software provides all the features mentioned above. Visit www.simmssoftware.com or email sales@kcsi.ca today for more information.

KCSI and SIMMS 2017: Food Businesses

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Restaurant owners and operators have many concerns in their businesses. With SIMMS Inventory Management software, all possible details can be monitored and personnel can be informed in real time. From spices, condiments and food supplies to employee shifting, wages and benefits, KCSI’s SIMMS 2017 masters the tracking of all such concerns so that your food/service business can focus on customer satisfaction and increased sales.

If you want your best qualities to be enhanced and your present shortcomings overcome, contact KCSI today to learn how.