Price & Cost Containment
{ Reduce unnecessary expenses like travel,
entertainment and other areas that do not
contribute to revenue generation.
{ Review personnel requirements. Are vacant
positions really needed? Can duties of vacant
positions be divided among other employees
or performed by part-time workers or
temporary workers? A lean workforce before
a crisis, will help you survive.
{ Eliminate discounts and giveaways.
{ Review pricing and value. Don’t cut prices in
panic mode.
{ Discuss rent reduction with your landlord.
{ Consider renting unused space to other
business owners.
{ Negotiate discounts with vendors/suppliers,
when possible. Remember, trying times
impact them too. They may be willing to offer
short-term discounts they otherwise wouldn’t.
Contact the Florida SBDC at IRSC for assistance with any of the items in this guide. Our team
stands ready to help your business prepare for this year’s hurricane season and recover from
the impacts of the coronavirus (COVID-19).
Supply Chain Management
{ Review inventory levels regularly. Conduct
inventory at least monthly.
{ If your POS system has an inventory
management feature, enter products as they
come in. Your POS system will provide daily
inventory information.
{ Eliminate slow sellers when reordering and
liquidate products that have been in inventory
beyond 90 days.
{ Consider adding items with faster turn times.
{ Look for vendors/suppliers that provide a justin
time option for ordering products.
{ Stay engaged with your vendors/suppliers.
Don’t wait until a crisis.
{ Assess operations and capacity. Adjust as
needed.
GUIDE TO BUSINESS RESILIENCY IN TIMES OF DISASTER PAGE 3