Inventory Reports

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With your inventory system in place, you need to organize your stock records both quickly and easily, and gain the ability to set up items and prices by entering all item information within a single item management window. The system needs to allow unlimited warehouse locations and track pricing, cost, stock, and order information for each item and location. You must also automatically monitor inventory status for each item and location, such as available for sale, not in stock, overstocked, oversold,
on hand, on order, committed to sale/production, and transfer locations.

The system requires very versatile processing features that include unlimited transactions, serial/lot tracking (optional), bin numbers, multilevel bill of materials, kitting functionality, and an easy-to-use physical count process. Designed with the flexibility to meet the needs of diverse business environments, Inventory Control allows you to maintain and report on as many as eight different costs per location, including FIFO, LIFO, moving average, user-defined and serial or lot costing. It must be robust enough to manage fractional quantities (to four decimal places) and maintain different units of measure for all purchasing, selling, and stock.

The features above are available in SIMMS Inventory Management software, the flagship software business solution from KCSI. Visit www.simmssoftware.com to learn more about how SIMMS can give you the reporting advantage over your competitors and take the lead in your business field.

E-Commerce with SIMMS

There are numerous general features of SIMMS E-Commerce software, including:

  • Store management done through an Admin Control Panel on website
  • Provides complete web site solution, including shopping cart, content management, customer management, etc.
  • Unlimited products
  • Unlimited number of content/HTML (topic) pages

Product Categorization Features:

  • Unlimited number of categories and departments
  • Categories and departments can be fully nested to any level desired (such as sub-categories or sub-departments)
  • Supports cross-matrix of products by category and department, e.g. a product can be mapped to the shoe category, in the women’s department
  • Products can be mapped to more than one category or department
  • Use Paged browsing for categories and sections (this keeps the page sizes small, and optimizes the user experience)
  • Customers have the option to “view all” on any page
  • Category, department, and manufacturer “names” can be renamed (e.g. “brochures”, “products”, “auto parts”) or whatever you need that is appropriate for your unique store site products
  • Disable the Buy buttons for specific products
  • Set your site to Wholesale Only (where prices not shown to the general site customers)

SIMMS E-Commerce software contains full supports for all PayPal payment systems (PayPal Website Payments Pro, PayPal Express Checkout and regular PayPal).

Taking care of all of your shipping needs, it handles the shipping options such as:

  • Calculate Shipping By Order Total
  • Calculate Shipping By Order Weight
  • Calculate Shipping By Order Weight & Zip code Zone
  • Calculate Shipping By Order Total & Zip code Zone
  • Calculate Shipping By Fixed Item Shipping Costs
  • Calculate Shipping By Fixed Percent of Order Total
  • Specify All Orders As Free Shipping
  • Real Time Rates (FedEx, DHL, UPS, USPS)

For more information on SIMMS E-Commerce, visit www.simmssoftware.com.

Use of Bins in Warehouse Design

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Many companies require the versatility and formal structure of bin storage space in the holding areas of their business.

Inventory transactions and stock movement are best managed using bins, in particular for stock you hold for other companies. Stock-taking practices are more easily coordinated due to the precise and unmovable qualities of the bin structure. Bins can be recoded according to their volume, weight, and/or count cycles. Preferred bins for specific items can be established and maintained. Fixed
bins can be assigned to items that are always stored in a specific bin locations.

The use of random bins for items that may be placed in numerous bin
locations within the warehouse, and may deliberately be of the portable variety.
Bins in so-called Staging Areas can temporarily hold items that pull stock from general inventory while at the moment have not been committed to actual projects or scheduled transactions. Staging Bins most often contain items which are considered on-hand for valuation but while not being marked/held as available for your fulfillment processes.

Bins can also be defined as Temporary, which can have its status renamed or deleted when item quantities held in them are depleted by their usage for a project.

Overall, bins can be assigned to specific warehouse locations and/or zones within the warehouse, and are often used as put-away areas or become statused as primary picking sources. You might flag a bin to exclude its contents from your current working inventory count, or if they require quarantine status or inspection before being released into general stock. Bins become integrated with purchase order receiving, stock picking, packing and shipping, physical inventory counts, customer returns  (RMAs and RTVs) or processes such as
manufacturing or in-house repairs.

SIMMS Inventory Management software allows for an unlimited number of bins to be defined per each location/warehouse, and reports provide comprehensive audit trails to view inventory transactions from bin to bin (transfers). You can also produce picking sheets within SIMMS to notify warehouse personnel to either empty certain bins first during picking or to empty random bins before certain others.

For more information about the use of bins and locations, visit www.simmssoftware.com or email sales@kcsi.ca.

Overview: SIMMS Inventory Management Software

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With SIMMS Inventory Management software, you can choose the end-to-end business management applications you want from a comprehensive, integrated suite of accounting and manufacturing modules. In addition, SIMMS offers seamless integration, including customer relationship management (CRM), payroll, e-commerce and vertical solutions.

SIMMS is a comprehensive business management solution that delivers the combined benefits of advanced productivity tools and state-of-the-art accounting and manufacturing capabilities that allows users to operate more efficiently and profitably.  Some of these features include powerful drill-down capabilities, advanced reporting, phantom kitting and more. SIMMS also includes a full suite of modules that are easily customizable to meet a virtually unlimited variety of business needs regardless of your business.

Here are some other benefits that SIMMS offers:

  • Stock Limit Notification – When a sales person attempts to sell an out of stock item they are prompted with a choice to backorder or to override the alert provided they have permissions to do this.  Otherwise the user can always select from a list of alternative items to offer the customer; this enables the sales person to salvage a sale that would have normally been lost due to the item being out of stock.
  • POS at Your Service – Boost your sales by using the SIMMS Point of Sale module.  This module gives you the till management functionality you need to succeed.
  • Drop-Ship – Easily process orders and have them drop-shipped directly to your customer.
  • Reduce Double Entry – High-end functionality like the ability to create sales orders for purchase orders and vice-versa all at once save you time and money.

Visit www.simmssoftware.com today to learn more about how SIMMS can become your comprehensive inventory and business solution.

The Importance of Sales Information

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As SIMMS is adopted for use, sales information will become readily accessible tools, improving decision-making and profit analysis. Requests for quotes (RFQ) and order placements are quick since necessary information either already exists in the system or is provided on-the-spot. Shipping information, costs, available inventory, prices specific to the customer, status of ordered items, and quantity pricing is all at hand on a single screen.

The conduct of sales transactions, filling of backorders, and transfers of stock to where it is required enables SIMMS users to make improvements to sales campaign and inventory management criteria. SIMMS Sales Information is there where it is needed so that important decisions and processes can be implemented to maintain efficient service and accuracy for the benefit of both your business and your customers.

Sales order and quote histories are available, keeping information readily available for sales staff during calls and communications with customers. Exact stock details make sales history a useful tool to allow customer satisfaction to remain a primary goal. Consequently, warehousing personnel can easily process shipments, track their contents and provide all answers to all questions that may arise.

For more information on SIMMS Inventory Management software, visit www.simmssoftware.com.

SIMMS and the Apparel Business

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In today’s apparel market, retailers and consumers push for lower prices, better quality and quicker delivery. To stay ahead, the apparel industry has responded with technology, innovative systems and information. SIMMS meets these challenges with our leading edge apparel inventory software solutions that will help you compete and grow profitably today and in the future.

The SIMMS Apparel software is designed to help apparel importers, distributors and manufacturers meet the competitive demands of quick supply demands and limited capital availability.

Our apparel clients include manufacturers, importers and distributors of mens’ and ladies’ fashion and sportswear, children’s clothing, leisure wear, lingerie, foundation garments, swim wear, jeans, t-shirts and furriers.

SIMMS has been designed to ensure that your business has timely and accurate information on inventory location, movement and valuation in order to control and safeguard your inventory. From data pertaining to the receipt of goods, the movement of goods within or between locations, the sale, removal or other disposition of goods, and the precise valuation and status of goods remaining in inventory at any time, down to the exact style/size/color, SIMMS will enable you to successfully manage your apparel/embroidery inventory.

To learn more about how SIMMS can help you master your stock in the apparel industry, visit www.simmssoftware.com or email sales@kcsi.ca today.

Effects of Inventory Adjustments on Accounting

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Depending on what valuation method you use in the accounting of your company, adjustments to your inventory will vary in their immediate and long-term effects on your company’s bottom line.

If you are using the cash method of accounting, optional inventory adjustments (OIAs), like mandatory inventory adjustments (MIAs), will apply. An OIA allows for the reduction of your losses by including in your income an amount up to the fair market value of your inventory minus the value of your MIA. If your OIA amount has been included in your previous year’s fiscal claims, then you deduct the amount as an expense in your current fiscal period.

If you are using the accrual method of accounting, however, you do not include the valuation of inventories. For your OIA, unlike for the MIA, the inventory does not have to be purchased inventory — it is all the inventory you still have at the end of your current fiscal period. OIAs added to your income in a year is deducted from income in the following year. Therefore, your current OIA is deducted as an expense the next year, and the OIA that you add to your next year’s income will be deducted as an expense in the year following.

Inventory adjustments are easily and accurately performed in SIMMS Inventory management software. Visit www.simmssoftware.com or email sales@kcsi.ca today to learn how SIMMS can empower your inventory management process.

SIMMS 2013 — A New Version for a New Age

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KCSI is pleased to announce the release this week of SIMMS Inventory Software Version 2013, the newest update of the flagship Inventory Software Application.

SIMMS Software turns your computer into an advanced inventory management and accounting software features, giving you the ability to setup inventory items, transfer your inventory from location to location, complete sales and purchasing transactions, track serial numbers with manufacturer lot control, expiration date management, Accounts Receivable, Accounts Payable, General Ledger, Order Fulfillment and Replenishment, Order Picking, Remote Data collection, barcode printing and more.

For more information on this new software release, proceed to www.simmssoftware.com or email sales@kcsi.ca for more details.

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Improving Your Inventory Management

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When you were taking your initial steps to establish a comprehensive and modern system for managing your inventory, soon after you began to notice the weakest parts of the now mechanized process. Between the moment of acquiring the knowledge of these shortcomings and the decisions you make to repair the breakdowns or correct the lapses in precision, you must pass through a stage of analysis of the details of the system as it is functioning on a practical level.

Thoughts of further streamlining and centralizing your policies will take place, and your desire to minimize the logistical challenges and coordination weaknesses, you will certainly experience some degree of delays in the improvement process. Newer technology, however, will increase the precision and versatility of your control, and ultimately you will increase your lead over your competitors once the improvements are in place.

To make the improvements, concentrate on addressing the following areas, which you will find to be the most important:

  • Clarify immediately where the weaknesses lie, whether they are because of particular practices or particular personnel
  • Concern yourself with the points of highest importance, financially and practically, and adjust standards toward those two goals
  • Changes should be engineered carefully and software changes implemented should only be applied in respect to the ultimate goal of productivity
  • All details of the decided changes must be documented and made known to those in management; their input ideas and planning skills will help with the focus of the required changes
  • Make sure the changes are understood and that the personnel are fully trained in the new tasks and practices involved

For more information about improvements of inventory practices, visit www.simmssoftware.com or email sales@kcsi.ca.