The important contributions made by an effective inventory and warehouse management system are 4-fold:
- To assist in profit maximization through faster stock turnover.
- To assist in minimizing capital tie-up through effective inventory control.
- To assist in commodity marketing through an efficient distribution service.
- To assist in a smoother production process through more efficient control of material flow.
In the light of its current role as a springboard to one of the world’s largest undeveloped markets and in view of the recent policy changes in China, Hong Kong continues to be a very important and advantageous transit centre for material and technical resources between Mainland China and other parts of the world.
Consequently, modern techniques in Inventory and Warehouse Management will be in great demand, as will be managers well trained in this specialism.