Optimization of business processes in the postquarantine period of the COVID-19

Abstract

In 2020 the level of the world economy has significantly decreased because the worldwide pandemic COVID-19. Many enterprises had to seriously think about achieving financial stability and cost optimization. Optimization of production as part of the restoration of business processes against the backdrop of the COVID-19 requires a well-thought-out approach. We have developed a matrix based on ABC and XYZ analysis. This method allows you to obtain additional information (time-cost) on the costs used in the enterprise, on the effectiveness of the resource management system, to determine the share of profitable business processes in accordance with the international standards ISO 9001, ISO 14001, to redistribute the efforts of personnel depending on qualifications and experience.