Manufacturing, warehousing, logistics and accounting are all needs of any business that is seeking inventory management software. The minimal numbers of features in any software solution must include:
- Access to a complete financing package
- Continuity in production
- Convenience of stock within each location
- Dynamic tracking of item attributes
- Easy handling of materials
- Facilitates sale of goods
- Inbound and outbound logistics
- Internal logistics
- Inventory management
- Inventory Tracking
- Lot control
- Production centers clearly defined and optimized for performance
- Protection and preservation of goods
- Quality assurance
- Reduced risk of loss
- Regular and smooth flow of goods
- Task Management and Automation
- Tracking, tracing, and identification of items
- Useful and practical for small businessmen
This combination of features all occur in SIMMS Inventory management software. Visit www.simmssoftware.com or email email@example.com for more information on how SIMMS is the perfect choice for your inventory and accounting control.
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
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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.
One of the things we all should consider is when someone is about to invest in a new software package, does the company that makes it and sells it actually USE it themselves? Every amendment, improvement and new feature added to SIMMS 2017 has been designed and tested by the very people who wanted it to exist. Such reliable navigation is to be expected because accurately tracking your time down to the minute, managing your stock and processing your payments – both incoming and outgoing – were initially crucial activities to our company and, thus, became a part of SIMMS 2017 so that they can remain reliable for you.
Here it is twenty-one years after we began and the waters are still just fine. And what’s more important, both our company and our clients are still here. We’ve built a sustainable application that continues to grow and improve with each new version.
Give SIMMS 2017 a try today with a free trial!
1714 Englishman Henry Mill receives the first patent for a type-writer.
1793 Claude Chappe invents the first long-distance telegraph line.
1814 Joseph Nicephore Niepce achieves the first photographic image.
1821 Charles Wheatstone reproduces sound in a primitive sound box the first microphone.
1831 Joseph Henry invents the first electric telegraph.
1835 Samuel Morse invents the Morse code.
1843 Samuel Morse invents the first long distance electric telegraph line. Alexander Bain patents the first fax machine.
1861 The US starts the Pony Express for mail delivery. Coleman Sellers invents the Kinematoscope–a machine that flashed a series of still photographs onto a screen.
1876 Thomas Edison patents the mimeograph, an office copying machine. Alexander Graham Bell patents the electric telephone.
1876 Melvyl Dewey invents the Dewey Decimal System for ordering library books.
We at SIMMS remember all those who have fallen and risen in ultimate service to our nation. By their example, we live a free life today — bless them and honor them always.
May we remember always their service and their sacrifice on this Veterans (Remembrance) Day…