Restore operations to a minimum acceptable level


Question: A recovery strategy is a method employed to restore operations to a minimum acceptable level following a disruption, requiring the allocation of resources like people, facilities, equipment, materials, and information technology. For instance, in manufacturing operations, recovery strategies may include shifting production from one facility to another, increasing output at operational facilities, or retooling production from one item to another. Other strategies involve prioritizing production based on profit margin or customer relationships, maintaining higher inventories, reallocating existing inventory, contracting with third parties, or purchasing business interruption insurance.

 

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Other Management: Restore operations to a minimum acceptable level
Reference No:- TGS03413219

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