Risk identification and analysis are leads mitigation and facility move is one of the important functions of any organization.
Transfer of factory and shifting of office consist several risk because in this process a lot of labor and money invested but stuffs are in disorder and important documents missing chance are increasing.
Facility move are always possible when organization doing extension plan in their existing size or downsizing their existing factory.
Facility move are possible by following way-
1) Looking to take advantage of government tax holiday schemes.
2) Proximity to distribution channels.
3) Lower labor /manufacturing cost.
4) Downsizing of business operation
5) Inadequate facility sized to capitalize on growth opportunities.
There are ways by which risk can be mitigated while facility move-
1) Proper way of inventory management.
2) Well planned moving and installation of equipment.
3) Well designed information technology systems.
4) Effective planning of labor engagement.
5) Customers support facility must in proper way while facility moves.
6) Planning of every process of shifting.
7) Proper communication.
8) Parallel operation.
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