Category Archives: Stock Science

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

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.

SIMMS 2017…the Top Choice

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SIMMS 2017 is the #1 cloud-based inventory solution for small business owners in the world today.

Benefits

  • Coordinate billing and ordering smoothly
  • Exemplary customer support
  • Run your business in the cloud
  • Straightforward and simple to use

Features

  • Accept online payments with 13 payment gateways
  • Create, send and manage your inventory online
  • Stay informed with one-click reporting
  • Track time and expenses

Give SIMMS 2017 a free trial today here:
http://simmssoftware.com/inventory-software/Download-Trial.aspx

 

Track Serial Numbers with SIMMS 2017

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SIMMS 2017’s Serial Number Tracking system manages an unlimited amount of serial numbers from the time they are received into inventory until the time they are issued. This information is permanently recorded in the system, allowing inventory control personnel access to a wealth of historical and validation information.

The information maintained by the Serial Number Tracking system is extremely helpful when returning a defective item to your vendor or when verifying a returned item from your customer. There will be no more endless searching through filing cabinets when you have the SIMMS Inventory Management system. Instead, the information is right at your fingertips, saving you both time and money.

SIMMS Serial Number features:

  • Assign serial numbers to items during or immediately following receipt of goods.
  • Assign serial numbers to your finished kit builds.
  • Assign up to two unique serial numbers per item.
  • Automatically generate your serial numbers or secondary user serial numbers with ease.
  • Drill down and view serial numbers related to items received or transferred and/or sold.
  • Easily assign serial numbers for kit components during a kit build.
  • Easily assign/sell serial numbers during or following the invoice.
  • Easily integrate barcode reader for items with serial number barcodes.
  • Easily select serial numbers during an inventory transfer.
  • Report on serial number activity by date, location or serial number.
  • Serial numbers can be entered/sold randomly or sequentially.
  • Trace a serial number in the system in little time.
  • Track specific cost by serial number sold.

Give SIMMS a free trial today for your serial number needs: http://simmssoftware.com/inventory-software/Download-Trial.aspx

Reduce Overstocking with SIMMS

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SIMMS 2017 can help users reverse the trend of stocking their shelves with too much inventory. By facilitating more manageable stock counts, your overhead is reduced and your profits are increased. Stock counts should increase only to prepare for anticipated orders, a habit that leads to a more immediate return on your company’s investment. An enlarged warehouse staff becomes unnecessary when immediate movement of stock becomes an ongoing stream managed by an organized team of personnel. Eventually, orders get handled more quickly and the process is streamlined.

Too often companies can fall into the bad habit of investing too much capital in their stock, and thus feel the crunch at month-end in their revenues.

To learn how SIMMS 2017 can make your inventory processes more efficient and more cost effective, give SIMMS 2017 a free trial here: http://simmssoftware.com/inventory-software/Download-Trial.aspx

The Inventory Specialist

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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.

Email is Over-used These Days

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We fire up our mail program and suddenly are inundated by an Inbox chock-full of what is basically rubbish. A recent podcast from The Economist about wikis concludes that as a professional culture we use email for something for which it was not designed. Roughly 30% of employees’ emails are spam. Not the Viagra kind of spam, but what is called “occupational” spam: emails from colleagues or new and existing companies fishing for our business.

How did email go from being a model of efficiency to something that bottlenecks our inboxes, overwhelming us with volume, and ending up stalling our productivity?

Email got its start as asynchronous communication – talking to people not online at the same time as we are. But even now that we’re more connected than ever, we continue to employ email in the same way.

Analysts recommend we use either the phone or instant messaging for the people who are around at the same time as us. For those who are not, halt! Don’t send that Word document via email; use a wiki instead.

Ask yourself: do we need a written and timed record when we ask for information or provide materials? If either qualification is unnecessary, then use a more rapid (and disposable) form of communication.

KCSI’s Software Development

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KCSI combines technical excellence and business consulting experience to create technology solutions that achieve challenging business goals. Our clients benefit from our ability to bridge the gap between business vision and real-world technology implementation.

Contact our business development team to learn more about our results-driven custom technology solutions.

Our custom application solution expertise spans the following areas:

  • Database Design & Development – Our database design and development team has broad and deep experience with all of the major database technologies: MySQL, SQL Server, Analysis Server, LINQ and ORM. In addition, our team is well-versed in OLAP and cloud storage solutions.
  • Microsoft .Net Development – The Microsoft .NET Platform is the software development framework for Microsoft Windows operating systems, that allows for custom application development for many business functions or proprietary software.
  • Mobile Application Development – Due to a convergence of factors including a multitude of hardware devices, reduction in price and performance improvements, mobile devices are now a viable application platform. We have extensive experience with application development across a wide variety of mobile platforms and in developing Enterprise Mobile Applications for clients. We have developed applications for mobile devices, including the iPhone™, iPad™, BlackBerry®, and Windows Mobile®.
  • Rich Internet Application (RIA) Development – Presenting a rich user experience on the web is virtually a must-have for companies wanting to distinguish themselves from the competition. Rich Internet Applications (RIAs) are Web apps that embody most of the characteristics of a desktop application. This means RIAs have a rich user interface and user experience – the consistency of each being controlled across operating systems. RIAs can be complex and difficult to design, develop and deploy and requires a deep understanding of the technology and the Rich Internet application framework being used.
  • Systems Integration & Custom Software Extensions – In our 18 years of experience, we have found that integrating technology systems can be one of the most frustrating technical hurdles facing many organizations. Voids existing between sophisticated applications can mean tremendous productivity loss as well as untold opportunity costs. It is also one of the hardest things to fix – causing many organizations to limp along with systems that don’t talk to each other.

KCSI has years of experience integrating not only our client’s systems, but our own systems as well. Contact our business development team today to learn how we can integrate your organization’s systems for an immediate return on investment.