Tag Archives: transactions

The Need for Better Transaction Policies

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WithSIMMS 2013 Inventory Management software, users can easily track which suppliers are keeping up with your required schedule and which customers are buying the most from you. If they are costing you sales and forcing you to make excuses to your customers, then vendors have to be replaced. Your business requires that you not only to set standards of performance but also to measure up to it. Make as many improvements as you can as soon as possible, and you will begin to notice improvements.

The real fix for crucial aspects of doing business is policy – a repetitive step-by-step pattern of conduct that is repeated every time. A policy for every type of transaction is the only way to guarantee that there are no weak or wasteful moments. If you do not have policies in place already then use this checklist to begin the establishment of policies for:

  • Adjustments to on-hand quantities – Who approves adjustments, and why?
  • Assembly orders
  • Bin-to-bin transfers
  • Cash sales
  • Direct shipments
  • Emergency requisitions
  • Normal stock receipts
  • Requisitions
  • Transfers to other facilities
  • Returns of damaged material
  • Returns of non-stock material
  • Returns of stock material
  • Returns to the supplier
  • Sales orders to be delivered
  • Sales orders for non-stock
  • Scrapping and writing-off stock
  • Unexpected stock receipts

Contact KCSI today to learn more about how SIMMS 2013 can help you pinpoint all of your transactional shortcomings and then use proper procedures to convert them into strengths.

Improving Stock Tracking with SIMMS 2013

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Quite often, stock items that are brought into the warehouse or stock room get conveniently put wherever there is room for them — in a drawer or bin, on the corner of a shelf, under a bench beside an established location, into a bin with other items whose packaging looks similar, and so forth. Inventory that is missing or misplaced must become a situation of the past. You need a stable and versatile stock recording system to do what your company needs and a dedicated individual (or department) that will be responsible and have full control and understanding of the stock system you have implemented.

SIMMS 2013 Inventory Management software lets its users do their jobs, whether they use a data collector on their belt, a wireless laptop tucked under their arm or a desktop computer functioning at the receiving desk. SIMMS will help your business optimize your control of your stock with accuracy and accountability with every item traceable to not only its supplier but also to who received and warehoused it. SIMMS is precise without being imposing or all-consuming.

Electronic data interchange (EDI) and bar code scanning help you to eliminate data entry errors. A system of “cycle counting” – wherein a few items a day are physically counted and their totals are compared to their recorded to the actual count. Highest-selling – and highest-priced items – should be counted more often. SIMMS can help you achieve these goals, and can also aid your efforts to counteract the following challenges:

  • Blocked aisles
  • Damaged equipment
  • Damaged inventory
  • General clutter and disorder
  • Inability to ship on time
  • Inaccurate inventory
  • Lost inventory
  • Low morale
  • Low productivity
  • Shipping errors
  • Work injuries

For more information on how SIMMS 2013 can help you add more precision and control to your stock management, visit www.simmssoftware.com or email sales@kcsi.ca.

Inventory Turnover and SIMMS 2013

simms_turnover

The investment of any business’ success relies on their inventory. Inventory turnover is a ratio showing how many times a company’s inventory is sold and replaced over a set period of time. If your inventory is perishable goods then your goal is to have a higher (faster) inventory turnover rate. The importance of high inventory turnover is relied upon to generate revenue AND produce satisfied customers.

Inventory turnover is a crucial detail of management efficiency. It is a measure of how often, during a course of a year, a company sells and replaces its inventory of component parts, materials and final products. As a general rule, the higher the inventory turnover rate the better it is for the business. Management must be sure to monitor all products, and guarantee that all unsalable products are pulled from the shelves.

Inventory is listed as a current asset on the balance sheet, and therefore your inventory’s valuation can directly affect your current asset value and your overall total asset balance. The increased fill rate of an item develops a well-managed inventory list, and a well-maintained items list must be monitored carefully to avoid shortages of frequently used items and/or “stock-out” situations for any goods in your system.

SIMMS 2013 Inventory Management software has every tool you need to maintain your company’s utter control of stock items, and analyze how each item is doing in regard to turnover and ultimate profitability. Visit www.simmssoftware.com or email sales@kcsi.ca for more information.

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.

Doing Business with SIMMS 2012

With SIMMS 2012 Inventory & Accounting Management software, you can handle all the requirements of your large or small company to provide the people in your warehouse and the people who work remotely — on the highway, in the office, at the cash register, or in a hotel room anywhere in the world. Or you can stand face-to-face with a customer while you access your stock and analytical data. You can provide the best in service, information and support. Orders can be placed with vendors for m0re stock, confirmed in their counts, and shipments from your warehouse — all can be processed checked, confirmed, and shipped in moments.

With SIMMS, you can also manage the main concerns you have, such as:

  1. Find Good Leads
  2. Hire the Right People
  3. Make Sure Information is Reported Correctly
  4. Properly Train Reps
  5. Compensate Sales Agents
  6. Limit Employee Turnover
  7. Use the Right Equipment

As well as helping you handle these problems, the wide variety and versatility of SIMMS give every advantage over its competitors, therefore passing these advantages on to you and your business. Here are but a few major features that SIMMS 2012 provides:

SIMMS can help you not just keep up with your business while you’re on the road, but also how it will enable its complete control no matter where you are — even if it’s just across town for coffee with a client. To learn more about how, visit www.simmssoftware.com or email sales kcsi.ca.

Mastering Time with SIMMS 2012

Work in any business needs goals for the the overall improvement of the company if the firm is to have a future. While taking daily steps to improve commerce in general, we need our tools to suit our tasks and provide us with more time to enjoy the work and achieve more. Such is true of our software packages. They need to provide us with instant information and must permit us to enter in all the relevant data to keep our records completely up-to-date.

Making work easy can be produced to some degree ergonomically, the main impact of our software must result from features and tools. If you make accurate inventory management a high priority for your business but don’t want to devote hours and hours to toward that goal, visit www.simmssoftware.com today and have a quick look at SIMMS 2012 Inventory Management solution to get the very tool you’ve been missing all this time to make work as enjoyable as play.

Accounting, stock management, scheduling, shipping, receiving, manufacturing, work projects, administration, customer and item tracking — SIMMS handles them all in a feature-rich, robust complete package that all departments of your company can use in tandem to keep you ahead of the competition. Email KCSI today for more information at sales@kcsi.ca.

Bump Up Your Profits with SIMMS 2012

With SIMMS 2012 Inventory Software, you can choose the start-to-finish business management applications you want from a completely inclusive and integrated suite of manufacturing, inventory and accounting modules. SIMMS provides great potenttial expansion and customization, along with customer relationship management (CRM), E-Commerce, payroll, and stock solutions in both a local or hosted (online) version.

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 (POS) module.  This module gives you the cash register/till management functionality you need to out-distance the competition.
  • Drop shipping:  Easily process orders and have them drop-shipped directly to your customers.
  • Reduce double entry: High-end functionality, such as creation of sales orders and purchase orders in a single session, saves you resources and personnel.

To learn more about how SIMMS 2012 can improve your bottom line, take a look at www.simmssoftware.com or email sales@kcsi.ca for more information.

SIMMS 2012 Mobile Inventory

SIMMS 2012 Windows Mobile software is a robust bar code solution that
streamlines many aspects of your company’s business practices. We at KCSI offer you complete inventory control by virtue of automation of your most essential functions and maximizing the use of your employees’ time. With SIMMS Mobile, you can link quickly with all customer and vendor data, track your fixed assets, manage your stockroom inventory, and receive purchase orders and issue sales orders all swiftly and easily.

With SIMMS 2012 Windows Mobile you can:

1) Maintain your preferences – SIMMS 2012 permits you to select the precise hardware you want thus enabling you to choose both solution and hardware to suit your budget.

Save time through scanned entries – You can import transactions and information from the hand-held device into SIMMS both in batch mode or live mode using the wireless mode. Therefore you can reduce or eliminate expensive stock errors by using the advanced features of the Windows Mobile inventory software.

Instantly gather data – Warehouse and shipping/receiving staff can record bar-coded items with a bar code scanner connected to a lightweight, completely portable hand-held computer (HHC) that uses Windows Mobile. Information can be confirmed and gathered and verified quickly and easily. Stock qualities and quantities, lot and serial numbers and item numbers of goods both invoiced or received are literally at your fingertips.

Get on your feet with SIMMS 2012 Windows Mobile Inventory software and process all the interactions for your warehouse, from invoices to receipts of goods, item addition and editing, to physical count adjustments on a hand-held Windows Mobile device.

Contact KCSI today at www.simmssoftware.com or email us at sales@kcsi.ca for more information.

SIMMS 2012 Accounting Features

SIMMS Business Accounting Software is a series of robust applications covering all areas of accounting business management. The accounting software is designed for businesses with 10-1,000 employees and boasts an advanced financial management solution, which forms the foundation for the entire suite of applications. SIMMS Accounting Software also boasts the following features: advanced budgeting, multicurrency management, currency trader management, advanced allocations, fixed asset management and cash management.

SIMMS Accounting Software is fully customizable and flexible and can meet any business’s needs whether a small or large business. SIMMS 2012 Accounting Software works in conjunction with existing software. Get a free accounting demonstration today. Contact KCSI at sales@kcsi.ca.

Five Tips to Help You Manage Stock

While it remains easier to buy new stock than it is to move old stock, the holding costs for the seasoned inventory makes its inertia twice the expense and twice the risk. The frequency of stock becoming obsolete increases exponentially every month it is static within your stock system.

Try these tips to help you keep on top of your inventory:

A.        Using Time to Your Advantage
Companies these days are moving in greater numbers to the Japanese-originated JIT (Just In Time) mode of doing business. Supplying products to retailers just in time for sales, the JIT Model includes you carrying fewer items because vendors can get your order to you quickly. Using this method means that you must order more often as well as increased shipping costs must be considered.

B.        Pausing Prior to Purchases
Always be aware whether the products you buy sell within the terns of its vendors. Is the risk worth taking. Too much stock is rarely – if ever – worth the risk.

C.         Conversion Creates Counter Space
If a new product line didn’t work out or you get to the end of the year with more inventory on hand than you can manage, be prepared to dump it! Have a deal set up to supply local swap meets with items, craft fairs, discount websites, E-bay as well as an in-store sale can all help you recoup funds spent on your dead items list.

D.        Identify With Your Items
Use inventory tracking software to monitor the amount of stock and the categories of stock that you maintain. Categorization of your inventory helps you keep things organized as well as adding departmental level by which you can more easily assess and analyze your items.

E.         Broaden Priorities in Your Business Plan
All stock purchases you make should exemplify the goals for your business and emphasize what makes you unique from your competitors.  A matrimonial store that buys a size run of exercise clothing for teenage girls should not be surprised if those items are gathering dust before the year is out.