Business Continuity Planning
Today, manufacturers can be affected by a number of unforeseeable problems that can bring them to a grinding halt. Events that can radically disrupt your business include: foreign sourcing, regulatory compliance, product failures, supply chain disruptions, corporate governance, and political disturbances. Without effective business continuity planning to sustain operations, revenue and customer losses of 50% or more are possible. And, not only are your business and investment interests at stake, but so are your customers, vendors, employees and managers. A business continuity plan is an essential investment that will assure the longevity of your business.
NJMEP has the expertise and foresight you need to prevent your organization from succumbing to potential disaster. NJMEP is part of a nationwide program under the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST). The MEPs have helped over 62,000 manufacturers maximize profits, increase productivity, and reduce costs. In addition to helping manufacturers grow their businesses, our role is to help them sustain operations and emerge unscathed in the event of a crisis through business continuity planning.
What is a Business Continuity Plan?
A business continuity plan defines a process to be implemented in the event of circumstances that threaten the operations of a business. NJMEP works with a manufacturer to develop a dynamic plan that addresses the idiosyncrasies of business. We address them head on with actions that mitigate their impact, should they occur. Our plans are scalable, and affordable by companies of all sizes.
The Benefits of a Business Continuity Plan:
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Avoidance of revenue losses. When there is a business discontinuity, revenue and customer losses can reach fifty percent if not resumed rapidly. Business continuity planning with NJMEP allows for proactive risk assessment, management, and accountability throughout your entire organization.
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Enhanced reputation. Johnson & Johnson emerged from the Tylenol disaster with their reputation not only intact but enhanced by the way they handled the problem. NJMEP will help devise a response strategy that may ultimately enhance your market position.
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A marketing opportunity. Oreck, the vacuum cleaner company located in the path of Katrina, touted in advertising their ability to rapidly resume operations after the hurricane and the company’s charitable activities in the area. Our plan will give you the opportunity to capitalize on your unique strengths and leadership.
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Leadership credibility. Business leaders demonstrate their credibility to their colleagues and board by being ahead of the curve through planning. NJMEP’s plan helps create an environment that facilitates trust and respect, resulting in a more positive work environment.
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A pro-active culture. Planning creates preparedness. The process will identify any vulnerable areas and make recommendations to strengthen them.
Do You Have Business Continuity Plan? Does the plan:
- “Protect the Business” first, and foremost
- Involve Employees at Every Level
- Include Safety, Security and Facility Management Systems
- Provide for Actionable Reaction Readiness
- Offer Real Time Measurement and Audits
- Create Programmed Avoidance
Why work with NJMEP to create a Business Continuity Plan?
NJMEP understands the importance of business continuity plan for a business owner. When you choose us to develop your company you will be assured that your most valuable asset will be secure and continue to provide security for the company's stakeholders.
Today, business continuity plans are a necessity, not a luxury. Click here to contact us, or call (973) 998-9801.
NJMEP can take the headache out of creating a business continuity plan that’s right for your business.