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COVID 19 risk management committee proposal (cost reduce strategy…
COVID 19 risk management committee proposal
revenue strategy
Apex serve
extended warranty
on-time back to service/ schedule maintenance for the product
Apex rent
short term rent/ one time rent/ rent to return
long term rent/ subscription basis model/ rent to own/ in lease
Apex re-sell
online platform
website
e-commerce platform
social media platform
offline platform
warehouse
showroom
Apex renovation
refurbished package
renovation package
renovation margin reduce to 15%+- to get more order
Apex healthcare
short term: medical equipment supply
pillow, bed cover sheet etc
Apex Gaming
research and new brand development ( long term)
Apex home office
under development
Apex home furniture
re-used apex wastage part and create some home used product
example, chipboard leftover and made it into shelf or home tv cabinet
online sales
lazada
alibaba
social media platform
facebook shop
facebook market place
lapasar (explore)
archify (explore)
BCI (explore)
e-perolehan (explore)
Apex Lorry rental
contacting new customer
1.5m SME in the market, lets target the new 10%
promotion and offer
package price/ concept price/ bundle package design
KOL expenses to boost our reputation/ enquiries (explore)
cost reduce strategy
Factory overhead reduce
raw material control to 2 weeks schedule
OT and sunday work reduced based on order
MAchine and tool purchased on hold
Salary increment and adjustment postpone to december
hold on recruitment (cautious recruitment ), focus on internal training
fired low performance worker, extra benefit to good performance worker
sell off old vehicle ( lorry and van)
internship program
be more aggressive on recruiting intern to replaced bad performance worker and better cost effective recruiting
adjustment/ cancellation of existing allowance & incentive plan
new supplier sourcing for better cost management
discount for factory rental
apply government benefit package
revamp product structure to reduce raw material keepstock usage. model material need to had up to 70% above sharing
power saving for utilities
re-structured software licensing subsription
pay cut, proposed annual/ unpaid leave before & after MCO
hold on all marketing expenses
outsource strategy - reduce operating cost
focus on product quality more aggresively. more quality problem means more rework and redo
Apply factory operation permit from MITI
foreigner bear the levy cost
find work for worker while reducing the manpower
employee saving plan
Cash/ finance strategy
look for loan with low interest
re-discuss supplier payment term
bank/ hire purchase load deferment
revise tax audit and tax installment
avoid cash term purchasing
restructure cash flow budgeting and expenses
call customer for collection
discount and rebate on-time payment
Danajamin Loan application
Salary subsidy
crowd funding project for internal and external
partner up with finance house (aathaworld) to provide term to our customer
SME bank loan for our customer (contractor and third party) - assist them to apply so we can get cash faster
installment plan for customer. work with bank facilities
MIndset & others
stay positive
focus on self learning
attending class for skill improvement
core value enchance
more internal staff communication thorugh out
genuine care with supplier, customer, and employee
passion and self motivation
staff training and committee set-up
new company set-up