These are many goals of Baoz to implement knowledge management system in the company.

Globalization and competition - Many organizations rely on knowledge to create their strategic advantage. With available knowledge widely dispersed and fragmented, organizations often waste valuable time and resources in 'reinventing the wheel' or failing to access the highest quality knowledge and expertise that is available.

Restructuring and downsizing - Without effective mechanisms in place to capture knowledge of experienced employees, organizations make costly mistakes or have to pay again for knowledge they once had on tap.

Sharing of best practices - Companies save millions a year by taking the knowledge from their best performers and applying it in similar situations elsewhere.

Successful Innovation - Companies applying knowledge management methods have found that through knowledge networking they can create new products and services faster and better.

The functions of knowledge management system as follow: