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What Is SIMS?
Supplier Inventory Management System, or S.I.M.S., is United Electric Supply’s fully automated inventory management system supported by
trained, professional personnel. It decreases total acquisition and possession costs of electrical commodity items by reducing or eliminating physical inventory and the associated administrative tasks.
What are total acquisition and possession costs?
In general, total acquisition and possession costs include not only the purchase price of electrical materials but several other costs directly related
to purchasing and storing materials.
Total acquisition costs include:
| Preparing a requisition |
Issuing orders |
| Gathering quotes |
Expediting |
| Administrative costs |
Receiving |
| Price negotiation |
Paying invoices |
| Processing/analyzing quotes |
Possession costs include:
|
Cost of inventory |
Obsolescence |
| Storage |
Pilferage |
| Maintaining inventory |
Insurance |
| Interest on $$$ borrowed |
Taxes |
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How does SIMS reduce your costs?
SIMS automates inventory procedures. This program helps manage inventory costs efficiently
and profitably for you. Each program is
developed and implemented to meet your needs.
• Drastically reducing inventory - our inventory becomes your inventory.
• Reducing returns, credits or disposal of inventory.
• Customizing on-site inventory to have what you need within your reach
24 hours a day.
• Predetermining price structure on materials.
• Regularly checking and restocking inventory eliminating acquisition time and ordering errors.
• Issuing only one invoice per month decreasing paperwork.
• Reducing obsolescence, pilferage and insurance costs.
What ways can SIMS benefit you?
Inventory at Your Place of Business
This SIMS program is administered at your facility. Our team will come to your facility and perform an inventory analysis. Using that data, a customized SIMS program will be provided and implemented with your approval.
On Site Supply Trailer (for Electrical Contractors)
This SIMS program uses a 40-foot trailer that is placed on the job site. It is fitted with shelving and equipped with inventory specified for the life of the project.
As the job progresses and needs change, inventory at the trailer is adjusted accordingly.
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