Business process changes: The IT system currently in use by Riordan Manufacturing Inc. is outdated and lacks many of the new technologies and features that are available today. This old and obsolete system is constantly requiring irregular maintenance in order to keep it in operation. The current increase in the consumer ’s demand for Riordan products presents the need for an improved and up-to-date ERP system. Riordan Manufacturing Inc. ’s continued success requires a system that is better designed
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organization 4 4.6 Inkwell Ltd-Key external stakeholders 5 5. THE ACCOUNTS DEPARTMENT 5 5.3 The accounts department-Key internal stakeholders 6 6. REVIEW OF THE ACCOUNTING SYSTEM 7 6.3 Working methods and practices 7 6.4 Recording keeping system 8 6.5 Training 9 7. INTERNAL CONTROL AND FRAUD ANALYSIS 9 7.1 Internal system of control 9 7.2 Fraud Analysis 10 8. RECOMMENDATIONS TO IMPROVE 10 9. COSTS AND BENEFITS ANALYSIS 12 9.2 COSTS 12 9.3 BENEFITS 13 APPENDIX 1-INKWELL (LTD)’S ORGANISATIONAL STRUCTURE
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CHAPTER II MANUFACTURING INDUSTRY 2.1 INDUSTRY PROFILE Manufacturing industry refers to those industries which involve in the manufacturing and processing of items and indulge in either creation of new commodities or in value addition. The manufacturing industry accounts for a significant share of the industrial sector in developed countries. The final products can either serve as a finished good for sale to customers or as intermediate goods used in the production process. 2.2
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CHOCOBAN LTD. Chocoban is a well-established producer and marketer of the finest boxed chocolate and was started ten years ago by two partners‚ Henry See and John Juan. Prior to their partnership‚ Henry was marketing vice-president while John served as comptroller in a candy company with national distribution. The two men agreed at the outset that Henry would handle distribution and marketing and John would look after production‚ accounting and company finances; overall planning and major decisions
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The following proposal is for the implementation of Active Directory within the Riordan Manufacturing organization which includes plants in Michigan‚ Georgia‚ China and Headquarters in California. In the implementation of Active Directory‚ Riordan’s old domain will be replaced with Windows 2003 servers acting as domain controllers and running Active Directory Services at each of the above plants. This allows the network administrators at each Riordan plant to actively manage network resources. This
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Wriston Manufacturing We identified seven factors contributing to the variance in overhead costs from plant to plant. However‚ in order to best understand how these factors contribute to inter-plant variance‚ it is helpful to first take note of the individual components of total overhead. As noted in the case‚ fixed overhead includes depreciation‚ utilities‚ salaries‚ and fringe benefit costs of employees‚ whereas variable costs consist of first-line supervisors’ wages‚ costs of set-up labor‚ scrap
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The auditor‚ Sam Wong‚ is not totally understanding the operation of Plastim Manufacturing. Before applying the audit procedure‚ it is essential for an auditor to have a well understanding of the client and the industry. Auditors should make a review on the annual reports and financial statements in the past year in order to make an
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ase let 1 M/s. ABC Ltd is a medium-sized engineering company producing a large-range of product lines according to customer requirements. It has earned a good reputation as a quick and reliable supplier to its customers because of which its volume of business kept on increasing. However‚ over the past one year‚the Managing Director of the company has been receiving customer complaints due to delays in dispatch of products and at times the company has to pay substantial penalty for not meeting
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To: Richard Sullivan‚ Vice President‚ Heavy Equipment Division‚ WMC Subject: Wriston Manufacturing Corporation Date: May 1‚ 2012 Thank you for the opportunity to work with Wriston Manufacturing Corporation (WMC)‚ it has been both a rewarding and insightful experience. As requested‚ an evaluation has been conducted to assess and identify the key areas of strength and weakness and to provide an external perspective into possible opportunities for corporate advancement. Based on our analysis
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NASCAR: Every Second Counts Helping Win From The Pits. By: Mark Appolloni: Introduction to the case: NASCAR‚ The National Association for Stock Car Auto Racing‚ is the largest approved body of motorsports in the United States. In 2006‚ after 15 years of working in NASCAR racing as an athletic director for HMS‚ Andy Papathanassiou (known as Papa) began searching for the next breakthrough to improve pit crew performances and times. His innovative techniques and determination had successfully
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