SIMMS Inventory Management software’s Item Valuation features permit users to implement within the system the valuation method that best suits their company’s needs. A choice of six leading-edge valuation methods makes SIMMS the most comprehensive package on the market today. Whether your business is in the service industry, providing products or goods, or wanting to be a greater competitor in your local or national economy, valuation is an important decision to help you keep on top of your market.
Overall FIFO (First-in, First-Out), Local FIFO, LIFO (Last-In, First-Out), Average, Weighted Average and Standard Valuation provide different advantages, depending on the needs of your company. The first principal of inventory management is to stock only the goods that you have a demand for. The second principal is convert stock items back into cash as soon as possible. SIMMS can help you achieve those two important goals.
In today’s economy, inventory turnover is of utmost importance. While dealing with rising prices for raw materials and a demand for a wide array of goods required by your customers, the wise choice is to plan for tax savings and the avoidance of debt — companies need to invest money only in stock that is selling, and not base their payments for stock on future sales: they win by owning the items in their warehouse outright, and organizing themselves to most efficiently move the stock out the door. Maximizing your cash flow and minimizing your tax burden and debt load should be the goal, and SIMMS Item Valuation features allow you to employ the best method to help you succeed.
SIMMS Inventory Management software provides a dynamic feature for controlling the numerous aspects of the process of Vendor Costing. Businesses often receive the same items from various vendors based upon their availability and best costs. With SIMMS, each item can be set with particular aliases (vendor-specific names or numbers) and separate costs for each vendor; this enables the user to choose at any time the vendor he/she wants following quick phone calls to the various vendors to ascertain if the item is in stock.
Users can combine multiple items needed from one particular vendor onto one particular purchase order, thus providing the fluidity of purchasing most companies require. The aliases allow for the accurate selection of items with their vendor-specific details, assuring that the items you need are clearly listed for your suppliers. Users can easily access references to the vendors used and edits needed can be performed quickly and easily.
As costs change and/or items pass from usage to be replaced by different or newer pieces, old costs and items can be amended or replaced smoothly, and lists of the new items can be produced in various report forms so your sales department can keep up with the pieces your company now offers. When combined with the seamless link between SIMMS’ inventory information and industry-standard accounting features, the addition or removal of stock pieces within the system give you count control and accurate financial information so you know where the bottom line is at all times. SIMMS’ Vendor Costing feature is just one more tool that will help you keep ahead of your competition.
SIMMS 2018 Inventory Management system enables users to keep confident control of the security of their data and system.
- Backing-up SIMMS Installer files should be made each time a service pack or full version is released;
- Your company files (SIMMS databases) should be backed-up based on the standard backup schedule of your IT Department. If dozens of transactions occur each week then weekly backups are advised and can be performed manually by any administrative user.
Contact us today to learn the simple step to accomplish true security of your SIMMS system. We take great pride in continuing to build the evolving and practical software package you need to help your business grow.
If you’re new to SIMMS, give it a free trial here: http://simmssoftware.com/inventory-software/Download-Trial.aspx
KCSI’s engineers can resolve any network, software, and hardware questions or problems on your schedule. It is our pleasure.The KCSI team creates powerful internet solutions. We provide answers to today’s toughest and most sought after internet questions.
- Website Development
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These are just a few of the latest technologies that our team has a high level of working knowledge and experience designing and implementing.
Our team serves as a valuable addition to your existing IT team, and we look forward to working with you to find your network requirements and provide solutions. Contact us at firstname.lastname@example.org to take your first step towards your networking future.
[This question was submitted by a desperate clothier a while back]
A great many businesses selling apparel want more data on their product tags, whether they sell shoes, t-shirts or in this case, jackets. The modern science of barcoding usually solves this challenge for them by printing off SKU numbers, which allow for multiple bits of information to be combined within the SKU.
For example, MAJAN is a possible section of a SKU number that provides two characters for the manufacturer’s name (MA for Marshall), two characters for the product (JA for jacket) and one character for material (N for nylon). In addition to NRF (National Retail Foundation) codes, manufacturer’s lot information can appear on the tag (such as 01-BK-L, which represents style 1, color black and size large) and many such barcode labels (tags) can be formatted to contain almost any information the seller requires.
One example produced for the person who asked the question is as follows:
In it, the customer wanted the item price, size and color information, SKU info and the item description, and that’s precisely what she got, in the layout style she needed. SIMMS Inventory Management software uses Crystal Reports to edit the content and design of the barcodes to fit dozens of industry-standard barcode tags, and customization can go beyond the established list to suit any company’s size and layout needs.
Contact KCSI today to learn more about how the details you want on your price tags can be added with speed and ease if you use SIMMS as your barcoding/price tagging solution.
KCSI’s goal is to develop enterprise applications that exceed our clients’ expectations.
We maintain competitive pricing and can successfully build everything from complex enterprise business software to original and innovative new mobile apps for startup companies. We take a collaborative approach and look beyond the application to focus on the core purpose of the software to align with the goals of your business. Call us today to discuss your custom software development, maintenance, and integration needs.
Whether you have a concept for an internal business solution or an app that serves your specific needs, KCSI is ready to hear about your custom software development project.
Contact us today to let us help you. Visit www.kcsi.ca.
With SIMMS Online, you can be working on your iPad from your customer site, create a quote and email on the spot direct to your customer. You can also not only print and save your reports to your desktop, but now you can email your reports on the spot.
Click the email icon to the right of the report header. If you are sending a sales transaction, the email address will automatically be the address associated to your contact record. Otherwise you will have the ability to override or enter your own address.
The ease with which you can share your SIMMS 2018 business information with all departments within your company has never been easier, and the use of emails as the conduit is as modern as The Cloud in which it is hosted.
Take advantage of the best inventory and accounting program available in the world today. Get SIMMS 2018 today.
For a free trial of SIMMS, click here: http://simmssoftware.com/inventory-software/Download-Trial.aspx
For more information, visit www.simmssoftware.com or email email@example.com.