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The economic crisis has begun to hit home now. The question is, now we know it's a reality what are we going to do about it?
It's a well known fact that the economic downturn has two distinct ugly sides for business. The first is the initial downturn in sales,.... The second the lack of ability to ensure capability and meet production when sales do return. The first occurs due to the tightening of purse strings by all concerned, usually from the top down in the business to business supply chain, due to fear and speculation, this dries up the levels of work on the market for a period. A great example of this is plant and equipment operators, during this period a maintenance plan often gets pushed into a fix it when it breaks plan and teams get reduced to essential members only, due to all non-essential spending being blocked from the top. This works for the immediate period, but soon the equipment begins to wear and ultimately break, the cost of the downtime with breakdowns can dwarf the savings. The second is when business picks up and confidence in the market is re-instated. Orders come back on line, delivery dates are expected to be yesterday or the expectations are delivery is possible in the same time as last ordered, when all teams were established and equipment fully operational. Reality is equipment is shutdown and needs to be mobilised, teams have been disbanded and have to be sourced and/or hired. This all leads to an inability to capture work and convert it to income, the faster to mobilise the faster to capture and secure market share. Today the PM announced a rescue package that will further assist your ability to maximise your future planning and give you some much needed financial assistance in attaining an assured capability position. See http://www.pm.gov.au media release 2009 media_release_0782.pdf or download by clicking link. Understanding this, the good news is Argon as a partner in these times is best suited to assist you with the development and review/investment into tools and systems that will ensure your operations are optimised and ongoing capability is ensured. We'll flatten out the economic cycles affect on you and your business. Contact us today to find out more! |