SME Business in 2020 Go back »

2020-09-02 | South China

Premises

The continuous economic downturn, the trade war and the Novel Coronavirus epidemic have brought great compact to the supply chains of laser industry, directly affecting the  production, supply chain, and sales (as the company is mainly focusing on the local market). Material and operational costs have increased dramatically.

The epidemic control and prevention brought upon the company additional costs (purchase of telecommuting software, health protective materials etc.)

Due to anxiety and psychological panic, the employees can cause instability.

The company’s existing office system cannot meet the demands of telecommuting.

Uncertainty of resuming work would lead to a greater loss.

 

Strategic Approach

Improve the performance and diversity of products, so that our products can adapt to as many laser processing application scenarios as possible. Develop a vertically integrated system from control unit, software interface to scanning unit and provide package solutions. Sharpen competitiveness with moving service, customized service and quick response to high-quality service. Conduct a market survey, negotiate with the present suppliers and the consider adopting new suppliers. A specially hired physiologist established a WeChat group to help the employees with psychological comfort in facing and strengthening the epidemic prevention. Finally, a big push on lean production and innovation management was given to improve the company’s efficiency.

 

Key Takeaways

Small-scale enterprises should give equal importance to the needs of all their customers and develop a network with a variety of businesses to increase the risk tolerance. It is necessary to learn from advanced management experiences to constantly innovate internal operations. Improve the overall efficiency by adopting a lean production approach. It is important to take good care of the environment and living a healthy and self-disciplined life (the company always advocates green environmental protection and healthy life, insisting on doing work break exercises). Finally, be always prepared for the rainy days.