SIMMS 2014 Inventory Management software employs new features and enhanced modules for your best inventory management experience yet.
Visit www.simmssoftware.com today to learn more about the industry-leading software solution for small to large-sized businesses.
Orders are placed for a fixed quantity usually the Economic Order Quantity when the stocks reach the Reorder Limit (ROL) or at the end of a predetermined
review period if the stocks have fallen below the Reorder Limit.
The ordering quantity (the EOQ) is fixed, it is checked whether the
Reorder Limit is reached.
The ROL is determined by adding the lead time requirements to safety stock.
ROL = Safety Stock + Lead Time requirements
SIMMS Inventory Management software provides an easy system of setting and maintaining your reorder limits. Contact sales@kcsi.ca to learn more about how SIMMS can make your entire stock experience both easy and accurate.
As 2013 winds down and 2014 is right around the corner, we submit for your consideration the top fourteen reasons SIMMS is amongst the best inventory management software solutions in the world today:
Advanced Accounting Features – Strictly follow accounting standards in every screen in the software
Automated Replenishment Routines – System-generated purchase orders as well as the ability to link purchase orders directly to sales orders
Backorder Management – Automatically allocate received inventory to backorders
Inter-Warehouse and Inter-Company Transfers – Manage the movement of products between warehouses or related companies
Inventory Counts – Perform full cycle counting and retroactive entry of counted items
Kitting & Bill of Materials (BOM) Support – Track kits made up of multiple products grouped together for sale, manage both raw materials and product components that are assembled into finished products
Landed Costs – Track true inventory costs including duty, brokerage and freight
Lot Tracking – SIMMS manages the tracking of internal and external lot numbers that are vital for companies in the food, medical and pharmaceutical industries
Multiple Units of Measure – User-defined units, from miniscule to enormous, can be created
Multiple Warehouses and Inventory Locations – Easily track inventory across unlimited multiple warehouses
Sales Analysis – Pre-built reports plus access to detailed sales information using reports with customizable content
Sales Budgeting – Can be done by customer or by product
Serialized Inventory – Serialization permits at least two serial numbers for each individual item in the system
Warranty and Expiration Date Tracking – Control all your stock, no matter its age or for when you have it guaranteed
With SIMMS 2013, you can apply a credit limit to a customer. If a customer’s invoice total is greater than their credit limit, the customer must pay the difference or you must override the credit limit for the transaction.
Enter a Customer’s Credit Limit
1. In the Customer Manager, click the Advanced tab.
2. Under Credit Limit, choose one of the following options:
a) Unlimited
b) Maximum
3. If you chose Maximum, in the adjacent box, type the maximum dollar amount of credit for the customer.
Override a Customer’s Credit Limit
You can override a customer’s credit limit for a transaction. To do this you must be assigned the job role of Sales Manager. Only sales managers can override a customer’s credit limit. Job roles are assigned in the User Manager.
You may need to enter your username and password to override a customer’s credit limit. This is only required if you are not the user logged into SIMMS.
Cash that you have to spend before you can get paid is known as working capital. It is used for inventory and funding your operation. Many companies, if not most, borrow to support their short-term cash needs. If they do not manage cash well, they can run out and the bank may not be willing to lend more. One enormous drain on a company is inventory stock. Reduce inventory stock and you increase the amount of available cash for running your business. It takes cash to buy or build the inventory you are going to sell. If you have no cash, then you have no way to pay suppliers or to make payroll. This seemingly bottomless hole is something businesses must avoid.
Stock levels not only affect the flow of cash, but also affect profits. Each dollar gained in reducing inventory will lead to a dollar’s worth of working capital needed before you have to borrow needed funds from elsewhere. Borrowing less means lower interest rates that you have to pay as well. One might conclude – and quite accurately, too – that every dollar you reduce your stock holding by, two dollars in profit is made.
Demand must drive stock management with the goal being “dollar focus”. This goal is required in order for buyers and planners will make more effective choices and working first on the most important part numbers. The stock that brings the largest dollar counts must be watched closely so that adjustments can be made quickly.
Buyers’ and planners’ primary concerns are to manage stock dollars and then increase the “performance” of the inventory. Focal points are inventory dollars, order quantities and safety stocks – all of which must be in step with current demand. Whatever tools are used, businesses must master both their management of stock levels and operating capital.
Purchasers and policy planners need to decrease stock and increase the margin of cash for running the company. A useful reminder to business leaders is that far more businesses fail due to a lack of cash than from a lack of profits.
Tracking your inventory items has never been easier than with SIMMS Inventory Management software. Common miscellaneous items and charges like travel time, labor, repairs, service fees, storage costs and surcharges, etc. are easily created and accurately recorded in a robust suite of features. With such precision of item definition available — numerous prices per item, lot tracking, inventory valuation methods, SKU tracking, expiration date tracking, and much more — complete accuracy is the result.
Enhanced by powerful kitting (BOM) features, project management tools, newest barcode technology and other advantages, SIMMS lets you analyze inventory turnover, flow-through and rotation, and handles all of your accounting needs as well.
To learn more about how SIMMS can improve and streamline your inventory requirements, contact KCSI today.
“When we first started our company we were working from Excel spreadsheets and growing quickly. We found ourselves in need of an fulfillment program capable of managing quotes, invoicing and inventory that could be used by all levels of employees including customer service, sales and warehouse management. We researched many programs and found that most were either to basic or just way more than we needed. What we loved about SIMMS is that it was extremely user-friendly, had great templates, custom capabilities and still was economical. This is a very hard combo to find. Finally, one of the most important parts of every company is the customer service. This company offers personal assistance no matter what size company you are. They have always treated us like one of their most important customers. For me this puts them levels above most out there.”
— Daniel Monier, Fontanaartehttp://www.fontanaarte.com
With the debut of SIMMS Inventory Management software version 2013, the Kit Build Queue has been added to the existing Fulfillment Module. For items you manufacture that are required in item fulfillment you can now specify the kit build items from a list and indicate the quantity you want to build and add them to the Kit Build Queue in the Fulfillment Manager.
In addition, a new column has been added to indicate the quantity of items that are currently in the Kit Build Queue.
The Fulfillment Manager’s ‘Purchase Order to Sales Order’ soft linkage has been enhanced.
For more features of SIMMS 2013, visit www.simmssoftware.com or take a look at the information provided in this document.
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:
Visit www.simmssoftware.com today to learn more about how SIMMS can become your comprehensive inventory and business solution.
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.
