Often your customers have a name or number for items that they require for them to do what they do. Equally, your own vendors have an in-house reference for stock pieces that they sell to you.
In both cases, these names and references are often different than the ones you use. SIMMS Inventory Management software takes these into consideration by allowing you to assign aliases — in unlimited amounts — to the items you stock and designate these aliases to specific vendors and/or customers. Therefore, when your order arrives at a vendor, they see not only your names and numbers, but they also can see their own, which leads to greater accuracy from their shipping department. Similarly, your shipments to your customers arrive with invoices and packing slips bearing item references instantly familiar to their receiving departments.
Contact KCSI today to learn more about the use of aliases to contribute to greater accuracy and satisfaction at all steps of your stock management.
The calculation of landed costs for your stock items can require a slide rule, an abacus and a compass at times. Lacking familiarity with the correct formulas needed to calculate the numbers you need before your markup goes on top can make this a challenge to the best of your inventory personnel.
SIMMS Inventory Managementautomatically calculates landed costing for you, assuring the accuracy of your projected profits and letting you focus more time on other matters. Contact KCSI today to learn how SIMMS can take care of this task automatically for you.
The SIMMS Work Order Module allows you to issue work orders, tracking both schedules and costs within the manufacturing process. Monitor costs, works-in-progress and variances within your particular process while committing both manpower and equipment in their most efficient ways. Comprehensive reports keep you on top of the activities involved, letting you know how much stock will be required for current and future assemblies.
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.