Press Release -
[Cached Version]
Published on: 12/15/2000
Last Visited: 4/18/2004
WorldGroup Consulting managing director Tan Say Han said the company was already engaged in talks with a few local manufacturing companies who were looking for effective inventory management solutions software.
Return to top"The solutions, costing RM500,000, are viable for use by companies which manage inventory worth RM10 million each," Tan said at the signing of the agreement here.He said there is huge potential for the implementation of inventory management solutions especially in South east Asia, citing the existence of robust manufacturing and trading centers in Singapore and Malaysia.
"We aim to provide companies with a total solution that addresses more encompassing end-to-end business functions that can effectively increase customer service, performance and yields," he said.
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According to Tan, with good inventory management, companies can experience 5 to 10 percent higher product availability and service levels with 15 to 50 percent lower inventory levels "Combined, these will substantially increase profits," he said.