Wireless Advantages

Managing your inventory can be done in superior fashion through an affordable and precise method: Wireless Data Collection. With SIMMS 2014, Windows Mobile technology drives the top-ranked inventory monitoring and management system.

  • Data and transaction entries have never been easier or quicker than your data collector and SIMMS 2014. 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.

With Windows Mobile and SIMMS 2014, 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.

Contact KCSI today by  e-mail here for more information on how remote data collection and SIMMS 2014 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 2014

SIMMS 2014 Year-End Review

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Whether your company incorporates manufacturing, customer relationship management, accounting, Point of Sale (POS), E-commerce, inventory management, kitting, or project coordination, SIMMS delivers the combined benefits of many advanced productivity tools and coordinates all of your specialized needs. From phantom kitting to coordination of Tool Crib details, from sales requirements to purchasing demands, SIMMS employs the inventory valuation methods you need, and the benefits of customization to distance itself from its competitors and providing you with a greater — and more immediate — ROI (return on investment) than any other accounting/stock software solution.

SIMMS 2014 is an advanced inventory management, accounting and manufacturing software package that provides versatility and comprehensive room for your company’s growth. It’s a fluid system that  is easy to set up and easy to use that has quickly become the current best choice for small and large businesses, that will help with increased profits and more fluid productivity.

For you to exceed your own business expectations, you need software that can grow and change with your needs, and SIMMS is not just another out-of-the-box solution that comes with its own stunted growth and limited number of features. It grows with you as you use it, and you deserve the quantitative advantages it provides. For more information on how SIMMS can help you take and keep the lead in your market, visit www.simmssoftware.com or email sales@kcsi.ca for more information.

Tallying Stock On-Hand

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Days of inventory on hand tells the average amount of time a company will hold inventory before the inventory is sold. A high days of inventory on hand ratio shows the company is not moving inventory fast. This could be a sign of low demand for the product. A low days of inventory on hand could lead to the company running out of inventory. If the company runs out of inventory, its profits will most likely decrease.

1) First, determine the cost of goods sold and the average inventory. Cost of goods sold is on the company's income statement and the average inventory is on the company's balance sheet. For example, a company has $500,000 for cost of goods sold. At the beginning of the year, the company had $300,000 of inventory and at the end of the year, the company has $350,000 of inventory. The average inventory is then $325,000.

2) Next, divide the cost of goods sold by the average inventory. In the example, $500,000 divided by $325,000 equals 1.538461538.

3) Next, divide 365 by the number calculated in Step 2. In the example, 365 divided by 1.538461538 equals 237.25 days.

Since inventory carrying costs require significant investment, a business must try to reduce the level of inventory. Lower level of inventory will result in lower days’ inventory on hand ratio. Therefore lower values of this ratio are generally favorable and higher values are unfavorable.

However, inventory must be kept at safe level so that no sales are lost due to stock-outs. Thus low value of days of inventory ratio of a company which finds it difficult to satisfy demand is not favorable.

Days’ sales in inventory varies significantly between different industries. For example, business which sell perishable goods such as fruits and vegetables have very low values of days’ sales in inventory whereas companies selling non-perishable goods like automobiles have high values of days of inventory.

Challenges in the Boss/Co-Worker Equation

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Here are three approaches to resolving any boss/co-worker conflicts that might occur where you work:

1) Agree with the criticism being thrown at you, but with a twist. If your boss is being hypercritical, instead of defending yourself or defending something you did, it’s better to agree but then ask what your boss would like you to do differently. Convey that you are willing to learn and that you are open to their mentoring you. Perhaps this is a teachable moment.

2) If your goal is to keep your job, convey that you’re a team player. Often anger and frustration may override your willingness to work with a challenging boss or co-worker. Here it’s better not to express these frustrations in the workplace (better to talk out your feelings with a trusted friend or therapist), instead, you may want to convey that you’re a willing team player.

3) If you feel you’re right, stick to your guns. Better to simply state your view and then move on. Do this without criticizing your boss or co-worker. This is especially helpful with “know-it-all” types of controlling perfectionists. Remember, under their veneer of being knowledgeable about EVERYTHING, is an insecure individual, so don’t go toe-to-toe to prove your point. You’ll only end up losing in the end. Better to take a collegial approach and simply state the facts as you know them and move on.

Best Stock Practices

If you have inventory for sale, the items you sell either are stored at your own location or are kept at another location for drop-shipping to your customers. We can learn lessons about the drop-shipping process, singling out bad habits that many others commit that cause delays and inefficiencies that keep our products from reaching our customers with ease and speed.

A quick glance at the best processing systems, such as Amazon, bring us easy answers to how to avoid making mistakes that cause the delays that we hope to avoid with our own products. Take a look at the following video to learn how some simple, common sense choices can be applied to our own shipping practices can make business smoother and quicker for all involved:

How Amazon Receives Your Inventory

 

Weightier Matters

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Imagine taking delivery of 18 tons of rock from an ATM machine. That, in essence, is what Martin Marietta Materials Inc.’s automated, unattended, scaling system achieves.

‘Scaling’ in IT usually means adding more servers; for Martin Marietta Materials, the term refers to weighing trucks full of materials.

Scaling is both expensive and challenging as it usually requires a full-time scale operator and a backup operator. Martin Marietta Materials has nearly 300 locations throughout North America.

For lesser-used quarries, Martin Marietta Materials’ Information Services team developed a remote scaling system that combines network-based cameras, wired and wireless networks, voice-over-IP intercom systems, remote desktops, traffic lights, message boards, remote ticket printers, and self-service kiosks.

Truck drivers can now swipe an RFID card with customer information, job number, truck number, and the empty truck weight, which then updates the company’s ERP system for invoicing. Martin Marietta Materials is using the remote scaling system at five sand and gravel plants in Ohio. A centralized team of scale operators could conceivably cover 30 weigh stations, however.

Consistency

Bob Smith was sick of his job and was determined to find work elsewhere. But no matter how hard he tried, his reputation as someone who was not dedicated to the job, seemed to follow him around.

One day the phone rang at his office.  Although Bob did not usually pick up the phone, he picked it up and said hello.

“Hi,” said the man on the line, “I have an unusual question to ask you. I’m looking into a fellow Bob Smith for a position in my company. Do you know this fellow?”

“Sure I know him,” responded Bob with a smile.

“Tell me,” asked the man. “Is he consistent with his work? Does he always show up on time?”

“Well I’ll be honest with you,” Bob truthfully replied, “I’m not so consistent myself, but whenever I’m here he’s here!”