Potential Bottlenecks that Face Riordan Manufacturing: China plant operates as a decentralized unit of Riordan Manufacturing. Parts are purchased by buyers in the China Plant’s purchasing department from a local Chinese company. While this company attempts to maintain adequate quantities of electric motors in stock to meet all its order requirements‚ its on-time deliveries over the past year have averaged only 93%. Part of the China’s plant’s business is a make-to-stock operation in which the
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Running head: RIORDAN MANUFACTURING Riordan Manufacturing BSA/310 BSA/310 Week Four Assignment Riordan Manufacturing Summary Riordan Manufacturing was founded by Dr. Riordan‚ a professor of chemistry who started Riordan Plastic Incorporated in the year 1991. At first‚ the company’s main focus was on research and development along with licensing any and all Riordan Manufacturing’s current patents. In 1992 Dr. Riordan bought a fan manufacturing plant in Pontiac‚ MI. and had the
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Riordan Manufacturing Riordan Manufacturing is a global plastics manufacturer and industry leader in the field of plastic injection molding with locations in Georgia‚ Michigan‚ California‚ and their most current expansion in 2000 to Hangzhou‚ China. The company manufactures plastic bottles‚ fans in all sizes‚ medical devices‚ and custom plastic parts. The market for plastic bottles‚ fans‚ and custom plastic parts is affected by economic conditions (University of Phoenix‚ 2010). Understanding
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OPS/571 September 29‚ 2014 Aaron Manley Manufacturing Strategy Riordan Manufacturing uses a stable workforce with variable work hours as the production strategy. “Riordan Manufacturing ’s China plant operates as a decentralized unit of Riordan Manufacturing. It prepares its own forecast of electric fan sales throughout the world‚ which includes the United States. ”Riordan schedules production of these fans to meet the forecasted sales” (Riordan‚ 2014‚ Operations‚ p. 1). The benefits of using
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Riordan Manufacturing has a reputation for preciseness and conception. It necessary for Riordan to develop a forecasting process that streamlines production and minimizes unsold inventory. Forecasts are vital to every business organization and for every significant management decision‚ (Chase‚ Jacobs‚ & Aquilano‚ 2006). The process of forecasting is necessary not only for inventory and production‚ but also for budgetary and financial purposes as well. Without sufficient information to allow for
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Riordan Manufacturing Current Financial State James Steven Austin‚ Henry Berger‚ Brian Lee Conway‚ Floretta LeFlore‚ Dedrick Shelmire BSA/500 November 8‚ 2010 Anthony L. Fields Riordan Manufacturing Current Financial State Riordan’s current financial state will be explained the by following accounting ratios. The current ratio is 1.17 which means the company is not in a very good financial state for lenders most lenders will look for a 2.00 or higher. The acid-test ratio is 5.07 which
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University of Phoenix Material Team Strategy Plan 1. Complete the following table to address the creation of teams at Riordan Manufacturing. Strategy | Strengths | Weaknesses | Clear Expectations Of Goals | Measurement of performance‚ increased efficiency | Lack of communication and relationships. | Channels of Communication | Developing relationships | Performance struggle‚ because of time to develop relationships. | Conflict Resolution | Team learns how to handle conflict
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Riordan Corporate Compliance Plan Lesley Yeargin LAW 531 November 26‚ 2012 Nicole Harrison Riordan Corporate Compliance Plan Riordan is a manufacturing organization in global plastics founded by Dr. Riordan in 1991. According to the Apollo Group‚ Inc.‚ “The company ’s most recent expansion took place in 2000 when it opened its operations in China” (2012‚ History). Possessing a legal team available to Riordan at all times is necessary for the smooth operation of the organization. As this company
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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 - Service Request RM002 Rough Draft Riordan Manufacturing‚ Inc. is a global leader in the field of plastic injection molding with state-of-the art design capabilities that has earned them international acclaim. Unfortunately‚ their dynamic research and development has failed to carry over to their IT infrastructure causing a great need for a complete redesign. With facilities in San Jose‚ California‚ Albany‚ Georgia‚ Pontiac‚ Michigan‚ and Hang Zhou‚ China‚ the changes to
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