Professional Documents
Culture Documents
Contingency Plan
Contingency Plan
-All kind's of businesses it should have a plan B ,this plan B help the business or save
the in terms of difficulties in order to avoid backrupcy or shut down of the business.
This plan B make business more attentive and more prepared of any kinds of
uncertainties that might happen in the near future or it can be in the presence.
>If the business failed to aim the common goal like the loss of revenues, business
should practically do the research efficient as soon as possible to identify were they
usually lacking off ,were it need to improved, be more innovative or it can realistically for
the costumer to find their satisfaction. This difficulties the strength of the business will
be helpful.
This event are unusual and business should have set aside money for this event like
the emergency savings account. If this happened and if the location is damaged due to
uncertainties. As you observed in the raw materials equipments we buy materials with
extra so that the extra one will be store in warehouse . So this warehouse could be the
second location of the business. So much so that if the uncertainties happened
business will not stop even if it's still gradually moving little by little until the main
production will be recovered.
Delivery services damage
This worst scenario happened when the motorbike can’t run smoothly or damaged. The
business should buy and have enough materials in repairing the motorbike, deliverer
also have a knowledge in repairing the service. Early morning motorbike should always
in condition before delivering the product.
It’s time to regain control of shortages and monitor suppliers so that the Business can
exceed the needs of the customers. It is important to control and monitor the supplies of
manufacturing the product in order to prevent shortage.
This scenario leads to loss of asset availability, deviation from standard procedure,
not meeting the quality and expected target quantity, loss of time, labor and money.
To establish a maintenance schedule is the best plan. When repairs and upkeep
take place on machines at regular intervals, these efforts can significantly improve
the equipment reliability of these systems. Therefore, business should be sure to
establish a consistent schedule to follow for preventive maintenance.
Power outage in the workplace can create a huge drain on the bottom line. In
addition to power outage safety concerns, outages mean lost time, lost customers
and lost productivity, which all translate to lower revenue. Knowing what to do during
a power outage at work is key to keeping your employees and customers safe and
profit losses down. In the worst-case scenario, a longer-term outage could force the
Business to close entirely. Therefore, to safely deal with a power outage in the
workplace, it need a plan in place ahead of time.
When this happen, using a generator, is essential, but ONLY outdoors and away
from windows.
In this worst case scenario the business will force to close and when it happens it
loss of time, unproductive, and the business cannot achieved the target Profit in a
year. Now is the time to bring in the substitute workers for skill refreshment, and to
make those individuals aware that they are part of the business contingency labor
plan. Review and communicate the plans for contacting workers who need to come
in to relieve and substitute for the regular workforce. Recruit and train new
contingency workers.
The business often see a lot of change through the course of a year, so it is
essential that the business should update contingency plan on a regular basis – at
least once annually. With new people arriving and former employees leaving, it can
be the case the plans get out of date very quickly.