Archive for the ‘Inventory Management’ Category

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Why an Inventory Solution? To Stop Stock Vanishing!

Friday, September 3rd, 2010

The lazier you are with your inventory, the more the stock will mysteriously wander out the back door. The sooner you implement a system that both staff and customers alike know exists and watched, the sooner also that you notice fewer pieces have gone missing.

Many individuals tasked with running the inventory have begun with Excel spreadsheets for keeping tabs on everything in their company only to discover that their Excel setup wasn’t detailed enough or expandable enough to handle future inventory and business concerns. The most common development in these cases is an expansive amount of time spent backtracking and adding more columns and entries until the whole escapade baloons to an almost unmanageable level.

You need an inventory management program that is versatile, full-featured and with an openness to its architecture and design. One that you can customize some day to will handle your specific needs. One with a low learning curve and a high return on investment. And if you’re going to stem that tide of the disappearing inventory items, you need a reliable system and you need it now.

Visit www.kornyk.com today to learn more about how your inventory can be saved and optimized for greater customer satisfaction and revenue for your business.

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CRMUnleashed

Wednesday, August 25th, 2010

CRMunleashed is a customer management solution you can depend on, reps spend more time selling and less time on administration. Automate your sales staff by documenting sales activities, improving productivity, managing sales regions, analyzing and forecasting sales, and reporting on the criteria that you need. Details of your contacts are comprehensively organized, while personalized communications are simple, management of time is streamlined, as calendars and schedules are coordinated quickly.

 

Call centers are automated, and all communications and case management are accurately and easily tracked for priority, through development to closure. Comprehensive time and billing capabilities can expand as your customer list grows world-wide.

 

Use CRMUnleashed to establish sales campaigns, process accurate information, provide needed services to potential clients and ultimately excel in lead management. Technology, intelligence and marketing are brought together to allow swift service and communications for both you and your client base. With practical marketing campaigns featuring e-mail and other documents, you can make the most of the relationships with your customers using the integration and versatility of CRMUnleashed.

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The Right Inventory Software Solution Can Increase Your Bottom Line

Wednesday, August 18th, 2010

A simple Web search gives you a myriad of options for an inventory software solution. It’s difficult to know which inventory management software will fit your needs, so here are some tips to find the system that is right for you.

Choose an Industry Leader Inventory control software is too important to leave to companies that haven’t proven their mettle. The best products come from companies that have deployed their software in a wide variety of industries like KCSI, from aerospace and apparel to manufacturing and sporting goods. Look for Robust Functionality, features to look for include:

  • Analytics: Information is critical to managing and growing your business, but you need more than numbers on a page to transform data into actionable information. Robust inventory control software will give you a range of customizable reporting options, including advanced analysis for the decision makers in your company.
  • Expiration Date Tracking: If your inventory includes time-sensitive products, your inventory software should track expiration dates from the moment they are received until they are shipped. Because expiration-related issues could crop up in the future, the software should also include the ability to track historical expiration date data.
  • Manufacturing: Smooth production cycles depend upon sound management of resource planning and production. The right software can allow you to gain a competitive advantage because it gives you the ability to respond quickly to the needs of your customers.
  • Remote Data Collection: The top inventory software providers can combine software and hardware solutions that will allow you to remotely access vendor and customer data, track inventory and fixed assets, and issue sales orders and receive purchase orders.
  • Retail Management: If you have retail locations, look for an inventory software solution that can increase the productivity of your employees, adjust inventory at point-of-sale, and automate purchasing.
  • And, of Course, Inventory Control: The inventory software solution that you choose should have the ability to track serial number, print barcodes, and store item images. It should allow you to define automatic reorder points, the purchase currency and cost, and the sales currency and cost. If you have unique pricing requirements, the software should allow you to assign different price points to the same item. It should also allow for manual counts and adjustments, as well as provide an audit trail for inventory adjustments.
  • Flexibility is Key: An inventory software solution should be robust, but it should also be flexible. If, for example, you deal in apparel, a module that tracks color, size, and style should be available. If your company provides service and returns, you may need a module that allows you to issue return merchandise authorization numbers, receive replacement items from your vendors, and issue replacement items to your customers.

Whichever inventory software solution you choose, make sure that it has both the features you need at the present time, and those that you may need in the future.

In today’s competitive marketplace, you can’t afford not to have the most up-to-date information available in a form that enables you to make decisions in response to market demands.To learn more about subjects like Inventory Software Solutions or SIMMS Inventory Management Software, an Inventory Software Solution that delivers, please visit the web site at: http://www.kornyk.com

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All About Item Depreciation

Monday, July 26th, 2010

Even the Price of Down is Up...

Item depreciation is an important concern of inventory. Rotation of stock and knowledge of which items bring the greatest returns is only accurate after you have calculated the items’ depreciation. This detail of asset management is fully integrated into SIMMS to suit your requirements while eliminating redundant data entry. Information available through this module enables you to forecast next year’s depreciation expenses by employing the Accounting Modules, allowing the allocation of the depreciation for groups of assets – or individual assets — to more than one source of funding and allowing automatic journal entries to be created.

 

On a per-month basis depreciation is applied from its first day in the warehouse and can be reported on monthly, quarterly or annually. Customized or standard depreciation methods can be employed, and the module complies with both GASB (Governmental Accounting Standards Board) 34 and 35 requirements, as well as allowing the protection of depreciation information amongst the users of the program.

 

Make your choice for accurate inventory assessment with the SIMMS Depreciation Module.

Contact KCSI to learn more today…

 

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WIP It Up

Wednesday, July 14th, 2010

In any production/manufacturing center, works in process (WIPs) are commonplace (unfortunately) but sometimes are inevitable (and whose frequency of occurrence should be kept to a minimum). With SIMMS Inventory Management software, every step — and most importantly every REASON — for a WIP can be logged and tracked, with the eventual aim toward identifying the factors causing any hold-up in their completion.
WIPs require dedicated and valuable storage space and goods assigned, which, if used in other BOM (kit) manufacture, can cause those BOMs to remain incomplete for longer that usual, mostly due to insufficient component stock counts.
One method employed for good effect that helps a great many WIP delays is known as the Teeter-Totter. The goal is to have as many of the subassemblies completed ahead of time so that the master assemblies — the most common instances of WIPs — can be completed as soon as possible. This pre-build concept emphasizes the image of a stack of subassemblies teetering in a tall stack, ready to be used, rather than the WIP tottering on the edge of the manufacutring bench, waiting for that last piece to be added at some unknown date in the future.
Contact KCSI today to learn more about how SIMMS can help you improve your stock lead times so that the number of WIPs can be minimized.

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A Technology of One

Tuesday, July 13th, 2010

The greatest single asset any business can have regarding its inventory management is nothing more technical than an human being dedicated to the tasks required by inventory. Many businesses rely on machines from data collectors to security cameras but somewhere in the system must be an individual whose thorough understanding and adherence to sound inventory management standards. Armed with the most complete and easy-to-use tools — SIMMS Inventory Management software, for one — this devoted employee can make all the difference to a company’s stock accuracy and customer satisfaction. Someone must thoroughly understand the importance of supply chain science as well as be the versatile and reliable coordinator of physical ins and outs of the business. Inventory Lead Hands are a saving grace and few others have more knowledge of specifics of what you need.
Contact KCSI today to learn more about how a set person can use SIMMS to keep you on top of your stock requirements.

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Ins & Outs

Monday, July 12th, 2010

If you do consignment storage for other companies in your warehouse, SIMMS Inventory Management software permits the creation and assignment of locations (and sub-locations) for such stock management. Every size of storage area is quickly and easily labeled and maintained so that your accuracy on behalf of your clients is at its very best at all times.
Bins, shelves, rows, aisles, sections and bays (for pallets or larger items) can receive and hold as much stock as your clients need. In addition, serialization and lot assignment will keep your item history and details right at your fingertips for easy physical count confirmation and location precision.
Contact KCSI today to learn more about how SIMMS can make your stock management a snap.

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Safety Stock

Thursday, July 8th, 2010

One of the factors of finding the Order Point for an item is Safety Stock, which serves as an insurance against stock outs and which helps counteract fluctuations in lead times or demands, as well as increasing your level of service.

A rough formula for calculating Safety Stock is to take half of the sum of your lead time (in days) multiplied by your daily demand (the number of units sold per day). Thus, if you sell twenty widgets per day and your lead time is eight days, your Safety Stock for the item would be 80.

Once you have your Safety Stock number, your Order Point can be calculated using the following formula: Safety Stock + (lead time X daily demand), or in the case of the above example, 80 + 160 = 240.

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Techno-Bubble

Tuesday, July 6th, 2010

When we have too much time spent as slaves to technology, our regular tasks become delayed and we begin mentally stacking them like boxes on a shelf. If we are not careful, we get to the point where we cannot see the back row of boxes. SIMMS Inventory Management software enables us to spend more time working and less time waiting for our technology to serve us. Schedules, logs and comments, alerts, time and stock assignments and departmental criteria can all be seen and absorbed to before their deadlines arrive, and the basic flow of human business can continue uninterrupted. With a vast array of analytical reports, we can use SIMMS to anticipate any challenges and while we may be forced to wait for stock at times, other projects can be shifted to and production can continue unabated.
Contact KCSI today to learn more about how SIMMS’ technology works for you behind the scenes so that your mental shelf never gets too full.

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