From the course: Supply Chain and Operations Management Tips

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Prepare your business continuity plan

Prepare your business continuity plan

From the course: Supply Chain and Operations Management Tips

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Prepare your business continuity plan

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- What would happen if the building that you work in was destroyed by a fire? What if a construction crew accidentally cut your internet trunk line? Or what if your entire region lost power because of a blackout? Unfortunately, crises like these occur all the time, and operations managers need to help their teams plan ahead so they can respond quickly and effectively. Let me walk you through a four-step process that can help you prepare for these unexpected disruptions. It's called business continuity planning. The first step in business continuity planning is to do a business impact analysis. This is a list of the things that you think could go wrong and how they would affect your business. For example, you might find that there's a risk of wildfires around your facility. There are a number of potential impacts from this risk but two of them include a loss of electrical power and an inability for your employees to get to work. So any work that depends on having electricity or having…

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