Category Archives: Industry Insights

Analytics with SIMMS 2018

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Your company exists in a huge sea of competition. Industry comparisons take metrics, such as your turnover rate or cycle time, and compare them with other businesses in your industry. Determining how your metrics compare to your competitors’ gives you a way to judge whether your inventory control meets the industry norm, falls short or surpasses it.

The Item Fill Rate is the percentage of items a customer ordered that your company was able to ship. The lower the ratio, the poorer your inventory performance. You should track not only the fill rate for each individual order but the fill rate for all orders – what percentage of orders go out completely filled, and what percentage have items missing.

The Lost Sales metric indicated the number of your potential customers that ask for an item and then go elsewhere because you do not stock it. Companies that use this metric usually track back orders – reserving part of the next scheduled shipment for the customer to purchase – as well as lost sales. Using both metrics will give you an idea of the gap between your inventory and your customers’ needs.

Several metrical considerations are of paramount importance to how well your stock management is handled. Your best system should take into consideration a wide array of avenues for improvement, considering the best metrics in a variety of areas.

Along with accurate stock counts, inventory turnover tracking and accurate cycle times the above metrics will help you gain control of your comprehensive inventory management. SIMMS Inventory Management software provides all the tools that you will need to hold the lead over your competitors. Visit www.simmssoftware.com or email sales@kcsi.ca today to find out how.

Or for a free trial version of SIMMS 2018, click here: http://simmssoftware.com/inventory-software/Download-Trial.aspx

FreshVu2Go: The Secure Choice

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SIMMS Inventory Management software remains the best Cloud-based software of its kind in the world today. One of the many features that give it that distinction is its built-in security for your data. It is secure not only because the data remains safe from those outside your secure login, but also because your date remains accessible to only those authorized to see it within your company. While other software requires intensive amounts of time from your IT Support Department, the management of SIMMS can easily be established by power users within departments of your choice. Backups can be scheduled and conducted automatically by SIMMS Admins themselves, saving both time and money for your IT expenses.

Whatever the level of support you need, we at SIMMS provide you with what you need. SIMMS is easy to learn, easy to use and easy to upgrade and improve. Few of the maintenance tasks require any technical expertise at all, and we work with you in real time if some problem does occur. Our promise to you is that we will always be dedicated to speed, cost effectiveness, and high quality – all while maintaining the highest standards of security.

We stand in front of SIMMS software so that you can stand behind it.

For a free trial of SIMMS 2018, click here: http://simmssoftware.com/inventory-software/Download-Trial.aspx

Custom Software from KCSI

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At KCSI we combine our expensive range of technical expertise with a concerted dedication to our customers’ satisfaction. Our software development services supplement in-house resources to bring you the features you need, using the latest technology within a standardized infrastructure to create interaction, multimedia, and room for improvement.

We produce precise, clean, economical software, easy to use and maintain, that strives for precision, consistency and quality.

Visit www.kcsi.ca to see the extent of our creations, and email sales@kcsi.ca for information on how your company can benefit from software customized to your exact needs.

KCSI’s Custom Software

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From business applications to management solutions, KCSI specializes in developing innovative software products for commercial outlets and other software and technology companies.

Our experienced development team creates and develops a wide range of software for numerous professionals and industry leaders. With over two decades of expertise, we build custom packages to answer the requirements of those who opt for our services.

Our robust technical skill set and extensive experience developing custom software solutions across a range of platforms and technologies enable us to provide everything our customers need in a reasonable time at a reasonable price.

Contact sales@kcsi.ca today to learn more about how KCSI can help your software needs.

Batch and Wireless with SIMMS

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With Windows Mobile and SIMMS 2018, you’ll have a finger on the pulse of your business and every profit and loss will be readily available for assessment and improvements could be implemented on-the-fly.

  • Data and transaction entries have never been easier or quicker than your data collector and SIMMS 2018. Process a once-a-day batch of all your transfers, sales and receipts, or take advantage of the full instantaneous wireless capability, entering things only once and having the records and stock immediately show on the real-time screen.
  • Move freely about your franchise and conduct business, from ordering stock to receiving it, from physical counts to the entire range of sales processes – all on the data collector screen.
  • Use the hardware of your choice, provided it runs Windows Mobile and you’re moments away from being up-and-running.
  • Your staff in the warehouse as well as those in sales, receiving and shipping can manage bar codes, manufacturer’s lots and serial numbers on-the-spot and generate comparisons, inventory counts and instantaneous reports. Gathering data, validating it, and analyzing it is done as you need it.

Managing your inventory can be done in superior fashion through an affordable and precise method: Wireless Data Collection. With SIMMS 2018, Windows Mobile technology drives the top-ranked inventory monitoring and management system.

Contact KCSI today by e-mail here for more information on how remote data collection and SIMMS 2018 will help your business and your inventory achieve its very best. Visit our website for a visit to the most comprehensive inventory and accounting package on the market today: SIMMS 2018.

Post-Holiday Sales with SIMMS

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Here are a dozen useful ideas for what to do once the holiday rush time has passed:

1. Always Have New Products or Services That Debut After The Holiday. Launch a new product or service to avoid a drop off in sales after the holiday. You can also perhaps give away a new product with any purchase made after the holiday.

2. Check Back With Those Who Bought Gifts. After the holiday, email them suggestions on other items to buy next. Request info about the person they bought the gift for, such as birthday details, and plan to automate email promotions that arrive in advance of the birthday.

3. Continue Holiday Marketing After the Holiday. People are still in buying mode in the week after the holiday, especially the gifts or gift money they received for birthdays, prizes or for Christmas. Keep pushing new deals for a month after the main holiday and many will buy from you.

4. Exercise Social Media.  Reward social-only customers with things like discounts for Facebook friends or Twitter followers.

5. Give Thanks to Holiday and Loyal Shoppers. Send customers who purchased during the holiday season thank-you emails that highlight exclusive offers or targeted deals for a particular period.

6. Offer Discount Coupons. Provide deals that give attractive discounts on a future purchases that go into effect two (or four) weeks following their first purchase. Gift cards towards future purchases can benefit your company’s present and future sales. The wisest discounts are 10 to 20 percent off purchases, or a $10 to $20 gift cards.

7. Promote a Post-Holiday Contest. Endorse an online contest where customers send in photos of wild or wacky gifts they received.

8. Remember the Mobile Shoppers. Provide mobile shoppers with very attractive deals and exclusive items that they can’t find elsewhere.

9. Spark Up Your Remarketing.  Advertising to people who have already visited your business is always appreciated and often draws additional purchases when you promote complimentary products.

10. Stretch Out Your Deals for the Post-Holiday Period. Buy one–get one free deals are always successful. You may want to have the second one ‘half off’ instead but if the deal is for items that are not selling well your discount policy helps you to recoup capital. Clearance sales of seasonal fashions or holiday-themed items give you a chance to move products off the shelves. Another tip is to discount such items if they are sold online, which produces increased traffic for mobile buyers, who might buy more when they visit.

11. Think World-Wide. Increase customer involvement all year round, not just at Christmas.

12. Vacuum Up Any Sales From Shopping Cart Leftovers. Contacted shoppers about residual items in their shopping carts – and maybe offer a deal.

Technology Dates

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Technology Dates

1898        George Eastman patents the Kodak roll film camera.

1889        Almon Strowger patents the direct dial telephone or                                       automatic telephone exchange.

1894        Guglielmo Marconi improves wireless telegraphy.

1898        First telephone answering machines come up.

1904        First regular comic books.

1906        Lee DeForest invents the electronic amplifying tube or                                    triode. It allowed electronic signals to be amplified,                                             improving telephones and radios.

1910        Thomas Edison demonstrates the first talking motion                                      picture.

1914        First cross-continental telephone call made.

1916        First radios with tuners giving access to different stations.

1923        Iconoscope, the first TV camera, is invented by Vladimir                                 Kosma Zworykin.

1925        John Logie Baird transmits the first experimental television                       signal.

1926        Warner Brothers Studios invents a way to record sound                               separately from the film on large disks, and synchronized                             sound and motion picture tracks upon playback.

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.