Case studies: Engineering processes
By Kamal Chammari
Local Impact, statutory controls and public issues
A business impact analysis estimates the negative outcome of disruption of a business function and process and accumulates information needed to progress recovery strategies. Potential loss scenarios should be identified during a risk assessment. Operations may also be intervene by the failure of a supplier of goods or services or delayed deliveries. There are many possible scenarios which should be considered.
By having a Kitemark licensee considers that you are demonstrating your commitment to give out consistent quality to your customers and your business. The famous integrity and quality of the Kitemark means that the process is rigorous testing of consumer products.
Local and National constraints
A business plan needs to be realistic, so it is important to set out in detail the constraints that are likely to act as limits on business activity. A supply chain problem places a major additional constraints on businesses.
A supply chain consists of a network that contains suppliers, manufacturers, distributors, retailers and logistics provides that allows businesses to get their product to costumers. If a manufacturers stops producing or a retailer declares bankruptcy, all the other businesses in the supply chain could suffer financial losses.
Economic constraints include insufficient access to proceed capital, expansion and rising interest rates. Small businesses should build eventuality into their capital flow budgets to deal with adverse changes in financial conditions meaning that it'd be easier for them to look at how much capital they can spend. Startups should no rely on bank loans or venture capital to fund fir their businesses plans, majorly in the first few months of operations because they could easily go to negative numbers and playing with loans is never been suggested. Expansion (inflation) could mean increased raw material and labor costs, which would affect profit making. Similarly, rising interest rates mean higher interest payments, which could affect a company's ability to pay dividends or plan for growth.