How can companies maintain their operations after the COVID-19?

The COVID-19 outbreak in Wuhan since the end of 2019 has greatly affected people's normal lives. The Chinese government has decisively and quickly taken strong measures to prevent the spread of the new crown virus pneumonia epidemic. So far, my country has basically controlled the epidemic. However, from a global perspective, the epidemic is still very serious. After the epidemic, how should companies respond?

In response to the COVID-19 and the current situation of the company, the response measures we need to take in terms of business operations mainly include the following four points:
1. Manage cash flow:
a. Manage and control the accounts receivable to ensure that the payment can be collected on time or even in advance;

b. To reduce cash transactions as much as possible;

c. To attach great importance to abnormal and sluggish incoming materials
2. Strictly control various costs and expenses:
a. The purchasing unit must strictly review the cost of each material;

b. Optimize the staff structure. Except for the increase of personnel related to business development, the personnel of the other departments must be simplified;
c. Actively promote business development and new product development
d. Optimize production methods and increase per capita production efficiency:

①. Increase the intensity of outsourcing;

②. Carry out station-style operations according to process division;

③. Exploit the potential of indirect personnel
I believe that with the joint efforts of the people across the country, the epidemic will eventually pass, and the smog of the virus will eventually dissipate! As long as all of our colleagues are united and go all out to overcome difficulties, we will definitely be able to resolve the crisis, seize opportunities, and successfully prevent After the epidemic is controlled, the company's development will be promoted to a new level! Wire Harness processing free inquiry hotline:+86 18100675708