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Government Funding Supports Research on Enterprise Resource Planning (ERP) Solutions for the Jewelry Industry
30 / APR / 2003
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(Hong Kong, 30 April, 2003) Objective Management Consulting (OMC) today announced that the Project Assessment Panel of the Innovation and Technology Commission has in principle recommended to fund our Phase I Project under the Small Entrepreneur Research Assistance Programme (SERAP) which aims to provide financing for pre-venture capital stage of technology entrepreneurs for starting up, carrying out R&D, and conducting market validation.

The Innovation and Technology Fund (ITF) is set up by the Government to provide funding support to projects that contribute to innovation and technology upgrading in industry, as well as those essential to the upgrading and development of industry. According to the scheme, an initial amount of HK$5 billion has been injected into the Fund. The ITF aims to increase the added value, productivity and competitiveness of our economic activity. The Government hopes that, through the ITF, Hong Kong Companies could be encouraged and assisted to upgrade their technological level and introduce innovative ideas to their businesses.

According to our best knowledge, this funding is the first time of the same to support a private company for the research and system development in the jewelry industry. Our project title is ¡§ERP solutions for the jewelry industry¡¨. We aims to inject more inputs based on our existing jewelry ERP system which is tailor-made for jewelry traders, wholesalers and manufacturers in Hong Kong and Mainland China . Below is an abstract from our Project Summary.

The core of Jewelry ERP System (JES) is an integrated and packaged Enterprise Resource Planning (ERP) solution which is flexibly designed for jewelry industry to meet the demands of modern jewelry wholesalers, traders and manufacturers. Based on open technology, JES integrates all business operations of a jewelry enterprise including jewelry design, quotation, sales order, material requisition plan and purchase, production planning, manufacturing process control, inventory control, and shipping and logistics. Information can be easily accessed and interchanged downstream and upstream via today¡¦s Internet technology. JES is a core system of the jewelry enterprise and an ultimate solution for jewelry industry that optimizes business processes and raises overall productivity of different business units.

JES is specially designed for local jewelry enterprises such that they will deploy rapidly the proven information technologies to increase operation efficiency and save costs. The system design is fully modular and scalable to cater the present and future of all jewelry enterprises in Hong Kong. It allows sharing of critical, real time business information from production to customer sales, through out the entire enterprise for operation cost and cycle time reduction. It definitely creates a comparative advantage for all jewelry enterprises in Hong Kong.


About OMC
OMC is a Hong Kong based ERP solutions provider and system integration consulting company providing total system and business solutions with a unique service quality and professionalism. Its main products (JES, IES) can help manufacturers to build a linkage between administration office in Hong Kong and factory in China.

OMC is renowned in jewelry industry to delivery JES which is a standardized, flexible maintainable and expandable ERP system for jewelry enterprises in Hong Kong. Our JES allows end-users easily fine-turn in order to meet today's ever-changing business environment. OMC provides services with great strategic value to enterprises seeking competitive advantage using information technology.

Our system solutions are complemented by consulting, implementation, training and technical support services, all these will contribute to the success of the projects. Our ability to listen to and understand the problems faced by our customers allows our experienced consultants to propose cost effective and feasible solutions, keeping in mind the changing environment and other strategic issues.
For any enquiry, please contact Ms. Mandy Chan, Marketing Executive, at 2722 4360 or email to mandy@oslhk.com.
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