FINANCIAL FORECASTING: RIORDAN MANUFACTURING Introduction Financial forecasting allows financial managers to anticipate events before they occur‚ particularly the need for raising funds externally. An important consideration is that growth may call for additional sources of financing because profit is often inadequate to cover the net buildup in receivables‚ inventory‚ and other asset accounts. When forecasting‚ one must take into account estimated future levels of receivables‚ inventory‚ payables
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essential to ensure that sufficient resources are devoted to the project. 2. Sales and Marketing: Demand forecasts and anticipated changes in product design and offerings affect the network and need the involvement of sales and marketing teams. 3. Manufacturing and Operations: The logistics network design has obvious impact on day-to-day operation of the firm. In order for the implementation to succeed‚ it is essential that the people involved with operating the system on a daily basis are
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Abstract Mr. Hugh McCauley‚ the COO of Riordan Manufacturing‚ Inc. has submitted a service request SR-rm-004. This request is to analyze the current Human Resources system and to integrate the existing variety of tools used today into a single integrated application at all plant locations. Mr. McCauley would like to take advantage of a more sophisticated‚ state-of-the-art‚ information technology system for the Human Resources department. The IT team will examine the current information system and
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inventory excesses (Aquilano‚ Chase & Jacobs‚ 2006). This essay will discuss two production plan components‚ strategic capacity planning and lean production‚ for the new process design and supply chain process for the electric fans at Riordan Manufacturing. Production Plan Overview Part of the master production schedule (MPS)‚ the production plan is a collection of (hopefully) synergetic process plans designed to ensure the efficient procurement‚ processing‚ and production of goods (Aquilano
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category. This means that not a lot of changes were made in the manufacturing process at the plant for the car. Another important point to note is that largely the suppliers also remained the same. Though the Joint Venture (JV) with Renault did not work out‚ Renault still supplies some of the more critical components. It is interesting to note that the engine is supplied by Renault. The entire engine is imported from Renault’s manufacturing units based in Romania and Spain but attracted heavy duties
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Salary inequities at Acme Manufacturing Joe Black was trying to figure out what to do about a problem salary situation he had in his plant. Black recently took over as president of Acme Manufacturing. The founder and former president‚ Bill George‚ had been president for 35 years. The company was family owned and located in a small eastern Arkansas town. It had approximately 250 employees and was the largest employer in the community. Black was the member of the family that owned Acme‚ but he
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Defining Marketing Bill Parker University of Phoenix January 26‚ 2010 Defining Marketing Riordan Manufacturing has developed into a powerhouse multinational plastics manufacturer over a brief span of 14 years. Riordan’s rapid growth has benefited multiple manufacturing and distributions sites‚ including sites in North America and China. Riordan Manufacturing’s major customer bases are automotive parts manufacturers‚ aircraft manufacturers‚ appliance manufacturers‚ beverage makers
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Riordan Manufacturing (Riordan) is an industry leader in using polymer materials to produce plastic products with projected annual earnings of $46 millions. Riordan has plastic manufacturing plants in Albany‚ Georgia‚ and a custom plastic plant in Pontiac‚ Michigan. Also‚ there is a plastic fan manufacturing plant in Hangzhou‚ China. Riordan also conducts research and development at the headquarters in San Jose‚ California‚ (Apollo‚ 2006). The high demand for materials used in producing plastic
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goal is over the next 18 months to develop a system that will allow for the production of both our generic electric fans and personalized fans offered at our China location to become a more stream line process and adopt more of a just-in-time manufacturing approach. In order to make this process a reality the IT department will sent a request to develop an automated ordering system that will allow for quick and accurate tracking of inventory level and ordering of new inventory. The IT department
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On September 10‚ 2003‚ Hugh McCauley‚ Chief Operations Officer of Riordan manufacturing sent out two memos with regards their China relocation and the IT Special Project. The persons contacted were Charles Williamson‚ VP of International Operations; Dale Edgel‚ Chief Financial Officer; Lowell Bradford‚ Chief Legal Counsel; Clyde Cousins‚ VP of Transportation; Maria Trinh‚ Chief Information Officer; Robert Lord‚ Director of Plant Operations who lives in China; and the company’s namesake‚ President
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