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plan-to-recovery PDF

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Specify the opportunities for your business in the improved health, society and business scenario and work out an actionable plan for capturing these opportunities.

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plan-to-recovery PDF

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  1. Plan for Recovery Define the opportunities for your business in the changed health, society and business scenario and work out an actionable plan for capturing these opportunities Possible quick wins you may wish to consider for immediate execution while you are preparing your detailed back to business plan. Change or modify your product to improve its value to end users Work with your customers to firm up sales prospects, clear due payments and improve sales conditions Focus restart of your business on products that are most profitable and have high turnover for your business Consider (temporary) discontinuing of products that have dropped in their value to end users Check and conduct overdue maintenance and service of equipment Reorganize work places for minimum distance and reduction of contact points Firm up control over access of goods and people to your premises Repurpose scrap and defects for rework, sales or otherwise Sell off stranded inventories – your neighbours might need them Plan for safe use of degraded stocks Start up with your contracted workforce, even if working at different roles Engage with training institutes in local area for quick access to talent pool Set up buddy system with senior (and/or retired) staff to bring new staff up to speed Document Standard Operating Procedures in easily accessible form Products & Markets (for more details see also module Customers ) on Facilities & Stocks (for more details see also module Ready Workplace) CHECKLIST on the People (for more details see also the module on Workforce) Monitor where you are - clarify your financial position Review, downsize and rephase planned expenditures, for example for representational purposes, business development and/or capital goods Minimize stocks and monetize excesses Encourage debtors to settle dues in timely manner Explore more favourable conditions with creditors Keep abreast of stimulus and recovery assistances and schemes being launched Finances (for more details see also the module on Finances) Disclaimer: Information intended for general advice © UNIDO, 2020 - Plan for Recovery – Version 29 th May 2020, V1.0 Page: 1

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