Consider employee cross-training to hone essential skills and contingency plans if employees get sick. Assess suppliers and look for alternatives.
PNP ISO OPERATIONAL PLANNING AND CONTROL HOW TO
Define how to measure and mitigate risk.This includes key input materials, critical employees and skills, and essential equipment. Identify quantifiable measures to stay on track, such as units produced, amount shipped, clients retained or impact on cash flow. Include costs associated with health and safety if you are modifying work activities.Ĭreate measurement tools. Look for new revenue sources or ways you can serve new markets. Examine cash flow and variable margins and prioritize products or services that contribute to a positive gross margin. Start with your labour availability, including who’s available and how their skills can be best used. Consider demand for your current products or services, how they may be adapted, or how you can create new revenue streams. Identify products and services you can deliver now.The operations management tool offers a visual means to identify elements of your plan and put them into an appropriate sequence or order on a single page. Your operations management plan in five steps Workforce planning chart: Chart employees, functions and changes to work or staff.Action planning tool: This Excel-friendly tool helps you build out a detailed plan.Operations management tool: A five-step action plan on one page.Your operations management plan in five steps.Take a step-by-step approach to create a detailed action plan that addresses specific business and workforce activities. These opportuities include experimentation and innovation as part of your operations planning, and they can now help you emerge from the crisis stronger than before. As your business changes during this period of disruption, you may be surprised at the new opportunities that arise. “Necessity is the mother of invention,” says the adage. But it’s also an opportunity to identify innovations and new ways of working that may not have existed before.
The objective is to protect your cash flow and employees. Growth & Transition Capital financing solutionsīusiness planning during the COVID-19 pandemic should address critical elements of your business. Kauffman Fellows Program Partial Scholarship Venture Capital Catalyst Initiative (VCCI) Industrial, Clean and Energy Technology (ICE) Venture Fund
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