Riordan Information Systems
Riordan Information Systems
Corporations are at their heart a means of creating wealth for their owners or shareholders. Success creates wealth; this creates competition as others seek to capitalize on the market. The emergence of new companies into the market begins a cycle of competition. Evaluation of staffing forces companies to find new and more efficient ways of producing their products while lowering cost to increase profit. This is because the cost of personnel is the largest line item of expense within the corporate budget (BusinessTown.com, 2010).
Corporations can reduce staffing costs by automating repetitive tasks or using tools that create efficiency beyond human capabilities. The large number of applications deployed within corporations indicates the importance and success of business information systems to increase efficiency within a company. Almost all aspects of business today can benefit from the use of information systems.
Riordan Manufacturing and its use of information systems to increase efficiency will be the focus of this analysis and recommendation.
Riordan Manufacturing
Riordan Manufacturing has integrated many aspects of its business with out-of-date or inadequate information systems (University of Phoenix, 2006). If the company expects to maintain competitive, Riordan Manufacturing needs to implement a strategy of consolidation, update implementation, and maintenance for its information systems. The information systems that gain the most from update implementation include those from Finance and Accounting, Inventory Management Control, Training, Sales and Marketing, and Human Resources.
Riordan Manufacturing can realize efficiency gains by consolidating some applications that perform the same or similar functions into a single business information system within the Finance and Accounting department. Riordan can also gain efficiency by implementing a new RFID system within the Inventory Management and Control
Corporations are at their heart a means of creating wealth for their owners or shareholders. Success creates wealth; this creates competition as others seek to capitalize on the market. The emergence of new companies into the market begins a cycle of competition. Evaluation of staffing forces companies to find new and more efficient ways of producing their products while lowering cost to increase profit. This is because the cost of personnel is the largest line item of expense within the corporate budget (BusinessTown.com, 2010).
Corporations can reduce staffing costs by automating repetitive tasks or using tools that create efficiency beyond human capabilities. The large number of applications deployed within corporations indicates the importance and success of business information systems to increase efficiency within a company. Almost all aspects of business today can benefit from the use of information systems.
Riordan Manufacturing and its use of information systems to increase efficiency will be the focus of this analysis and recommendation.
Riordan Manufacturing
Riordan Manufacturing has integrated many aspects of its business with out-of-date or inadequate information systems (University of Phoenix, 2006). If the company expects to maintain competitive, Riordan Manufacturing needs to implement a strategy of consolidation, update implementation, and maintenance for its information systems. The information systems that gain the most from update implementation include those from Finance and Accounting, Inventory Management Control, Training, Sales and Marketing, and Human Resources.
Riordan Manufacturing can realize efficiency gains by consolidating some applications that perform the same or similar functions into a single business information system within the Finance and Accounting department. Riordan can also gain efficiency by implementing a new RFID system within the Inventory Management and Control
References: CompareCRM.com. (2010). How to Make the Right CRM Decision for Your Company. Retrieved from http://www.comparecrm.com/crm-evaluation/7-steps-to-making-a-crm-purchase-decision.php CRMsoftware360.Independent, Expert & Balanced CRM Software Analysis, Reviews & Insight. Retrieved from http://www.crmsoftware360.com/ CRMSoftwareGuide.com. (2010). CRMSoftware Guide. Retrieved from http://www.crm-software-guide.com/benefits-of-crm-software.htm Caton, M. (2004). RFID reshapes the supply chain. eWeek, 21(16), 45. Retrieved from MasterFILE Premier database. IQMS. (2010). Plastics Manufacturer Sets Higher Standards of Performance with Rapid ERP Implementation from IQMS . Retrieved from: http://viewer.bitpipe.com/viewer/viewDocument.do?accessId=13128415 SAP. (2010). SAP Global. Retrieved from http://www.sap.com/solutions/business-suite/index.epx SearchCRM.com. (2000-2010). SearchCRM.com Definitions. Retrieved from http://searchcrm.techtarget.com/definition/CRM University of Phoenix. (2006). Riordan Mfg. Finance & Accounting - Overview. Retrieved From https://ecampus.phoenix.edu/secure/aapd/cist/vop/Business/Riordan/Finance/RioFandA001.htm