Name: Sunil Mohan

Student Id: A00115915

Assignment-2
Business Continuity

Q-1 Comment on the business continuity plan of Gap Inc.

GAP Inc. has created frameworks and methods focused on recognizing and overseeing changes
including those identified with manageability. At the venture level, their Internal Audit group
conducts yearly risk evaluation interviews with more than 60 of the organization's top heads and
Board individuals. The group meets a subset of these heads each quarter to follow changes in the
organization's risk profile. This exercising strategy seems to be fine but if they focus on some
more aspects in their business continuity plan their business can develop at a faster pace.

Comments
GAP Inc. can have a replacement strategy that will assist them for the subsequent years and build
a good more profitable company. First, they need to pinpoint where they are right now. They see
the challenges with GAP Inc's long-term revenue and that they also need to determine the
competitive world who are the new players, and what they are doing differently to get ahead of
them. The company’s aim should be to enhance the revenue, have higher staff participation, and
be a pacesetter within the clothing industry, for instance, they should study the cheap retailers of
garments that currently come with the trends in fashion. Here's when society comes into play
because without losing their brand image and company's ideals they can provide high quality in
their products and services while maintaining a standard price. To execute what was previously
discussed company requires good leadership, everyone must get on an equivalent page in order
that the organization needs to perform better. Communication is usually critical since people got
to know what's happening. Firstly, company leaders should lead and show their employees what
should be done and most importantly how it is gonna done. Next, the company should set short-
term targets to achieve its primary goal. These goals are often customer-based, product-based but
should be fulfilled. Following this, clearer goals are going to be set for the subsequent years and
maybe calculated over whenever to make sure that they remain on target.

Main success metrics that explicitly align with the business strategy could also be to assess
employee performance by asking certain questions. Have the people accomplished their target of
selling too many products? Has their operation been moving above normal with consumer
surveys? Has an employee been asking clients to provide feedback? Has their research balanced
what's emerging a Void to innovation? Have their projects been selling, or have they not done
too well? of these are relevant, and maybe directly linked to their work. The plan must identify
relevant risks that would cause issues, be they cyberattacks, internal vulnerabilities, weather
events, or technological problems. Each identified risk should be accompanied by a group of
temporary measures or quick fixes that make sure the most vital business operations remain
functional. This way Gap Inc. will recover its revenue and become a pioneer within the clothing
distribution industry.

Q-2 What risk mitigation plan could have been implemented to avoid the risk of fire?

At GAP Inc. if I have to make a risk mitigation plan to avoid the risk of fire below the strategy I
will use. Organizations must deal with fire hazards to ensure the well-being of employees and
customers and to prevent real injuries. It is fundamental that any organization has arrangements
in place to limit the risk and consequences of a fire.

First, In order to detect a fire, buildings need to be fitted with fire detectors such as a fire
detector that can detect smoke or temperature changes. These types of fire detectors are manually
operated and automatic and should be selected on the basis of risk probability. Other detection
systems are audible alarms and flashing lights to warn of fire and in most cases to signal people
for evacuation. Another is a modification designed to create the response you want. For example,
some fire doors close automatically when smoke or fire is detected.

The types of devices and systems used should be carefully considered in terms of the type of
structure, its durability, and its use. Whatever the detection system, organizations should ensure
that they are properly installed, maintained and that all employees know what steps to take when
the alarm is turned on.

Exit plans and escape routes must be professionally designed, well-documented, and staffed.
Always have fire extinguishers at the right place so that employees can make exit plans, and
make sure they know what to do if there are customers in the building. Create firefighting plans
for everyone on the job who may need help getting out, and have a shelter where they can live
safely until help is available. Choose a meeting place at least 100 meters away from where staff
may gather after evacuation.

Keep ladder spaces and stairs clear. All furniture and appliances that are not required under
emergency should not be on the escape route The fire extinguisher should be regularly inspected
and maintained to ensure that it is working and is not blocked by items stored in halls, snow, or
other debris outside.

Ensure that employees are properly trained on how to detect fire hazards and what to do in the
event of a fire. Employees should know the location of the nearest fire extinguishers station, the
nearest fire alarm station, and the two nearest exits. They should also be trained on the
appropriate numbers of emergencies they can contact, and where they should fight the actual fire
compared to going out and calling for paramedics. In addition to the actions of workers during a
fire, organizations can look for automatic firefighting programs that will stop the fire from
spreading. Automatic fire-fighting systems include spraying systems, chemical pressures such as
CO2 and Halogen systems, and fire departments. It is important that fire doors are never forced
or opened, as this impairs their performance.

These fire protection measures are a useful tool to help you identify your organization's risk of
fire damage and minimize potential losses.

Q-3 How important is supply chain resilience and continuity in today's global business
scenario? Explain in detail.

Given the scale and scenario of today's global supply chains, there is no way for a company to
predict and prepare for any potential risk. However, what the company can do is build resilience
to address critical vulnerabilities in the delivery that puts the business at risk beyond risk
tolerance. Companies facing the same risk may have very different levels of risk depending on
the strength of their supply chains. Stronger sales can help a company put aside a variety of risks
and, perhaps most importantly, recover quickly from unavoidable risks.
The idea of resilience is not new; in fact, it is a feature many businesses and supply chain long-
term aspire to have. However, simply seeing the importance of strengthening the supply chain as
a concept is not enough. To build resilience, organizations need to understand the priorities and
the trade-offs needed to build resilience. Here are four steps you can take to begin the process of
building resilience.
 Visibility is able to track and monitor supply chain events and patterns as they happen or
before they happen. This functionality enables the organization to deal with procurement
problems before they become a problem.
 Adaptability is able to adapt quickly to responding to problems without significantly
increasing operating costs. This performance enables the organization to avoid potential
problems arbitrarily and to minimize the impact of critical disruptions or sudden changes
in expectations.
 Partnership is the ability to work effectively with supply chain partners through
equitable, reliable relationships to avoid disruption and to achieve common goals.
 Control has strict policies, monitoring, and control measures to help ensure proper
procedures and procedures are followed.
In addition to these four key skills, organizations with strong supply chains often have a clear
management framework. Too many organizations are still struggling with procurement problems
because they do not have a fully-fledged, state of the art, end to end supply chain management
system let alone the risk of sales. Clearance of accountability and ownership backed by a solid
foundation of critical resources (people, processes, and technologies) is crucial in strengthening
the purchasing power of a solid foundation.

Supply Chain Continuity Management alludes to the capacity of guaranteeing continuous supply
of things from providers to clients inside an adequate level and period of time so as to shield the
focused on exercises of the association and invested individuals. Like every business, your
supply chain may be a tremendous and sophisticated organization. Organizations got to source
item from providers, who may likewise source and parts from their own providers, etc. On the
off chance that one piece of this organization deals with a problem , it makes each part
defenseless. Having a more profound comprehension of how supply chains work and the way
proficiently you'll oversee potential risks will assist you settle issues rapidly. There are steps that
you simply can fancy develop resilience in your supply chain, which means you'll more readily
expect, answer and recuperate from surprising issues.
A study investigates the rebalancing act confronting numerous organizations in merchandise
creating esteem chains as they struggle to know hazard—not continuous business challenges but
rather more significant stuns like monetary emergencies, illegal intimidation, outrageous climate,
and, indeed pandemics.

Today innovation is testing old suspicions that resilience are often bought distinctly at the
expense of proficiency. The foremost recent advances offer new answers for running situations,
observing numerous layers of provider organizations, speeding up reaction times, and
surprisingly changing the financial aspects of manufacturing. Some assembling organizations
will presumably utilize these apparatuses and different techniques to return out on the other side
of the pandemic as more dexterous and artistic associations. Within the event that you simply
have a flexible supply chain, you'll find out the way to react and recuperate rapidly to those
disturbances by getting back to the primary circumstance or by moving to a different, more
alluring state to expand client assistance, piece of the general industry and monetary execution.
Within the nick of your time and lean creation techniques, whereby administrators work
intimately with few providers to stay inventories low, can make organizations more defenseless
due to the absence of support limit. The Adopters of resilience thinking have effectively
exhibited how they will enlarge customary danger the board rehearses with new capacities that
assist them with expecting, prepare for, suits and recuperate from interruptions. At times, they
will regard catastrophes as promising circumstances for acquiring whip hand.The Covid-19
pandemic may be a break to understand what's important to form supply chains stronger.

References

https://www.clearrisk.com/risk-management-blog/4-vial-fire-prevention-strategies-for-
corporations

https://www.gapincsustainability.com/strategy/sustainability-strategy/managing-risks

https://www.strategicbcp.com/the-gap-and-resilienceone/