In the finding of the liquidity‚ profitability and the solvency ratios regarding the Riordan Manufacturing Inc‚ it has revealed that the company is able to pay its debts to the creditors and investors. The liquidity ratio is good for our investors‚ creditors and bankers so that they can see that we can pay off our debts. With the profitability ratio‚ it comes in handy for the company when trying to find out if we have made any profit for the year or it we have lost money. With using the profitability
Premium Finance Generally Accepted Accounting Principles Investment
Workforce Manager and one sales representative. Quality Capacity Inventory Inventory is changed out with the other two stores every 3-6 months allowing customers to see a wide variety of the company’s stock. When working for Swim World Inc. it was necessary to help customers in various situations. Customers would bring in their water from pools or spas to be tested and get advice on how best to keep them balanced. It was the duty of the sales representative or manager to
Premium Pizza Papa John's Pizza Pizza delivery
Riordan Manufacturing Management and Communication Plan Riordan Manufacturing’s main focus is to find solutions for their customer’s challenges and not be the challenge. In order to do this and maintain these long-standing relationships there will need to be changes to the company’s management and communication plans. These changes will provide more employee satisfaction and efficiency throughout the company. Unfortunately change always comes with some resistance from employees but Riordan Industries
Premium Management Organization Customer relationship management
Implement Quality Improvement at Riordan Manufacturing Continual improvements are essential for businesses to attain a competitive advantage in their industry and remain profitable. Riordan Manufacturing must apply Total Quality Management (TQM) to their organizational processes to eliminate waste‚ reduce costs‚ increase productivity‚ and focus on customer satisfaction. This paper identifies an improvement plan by outlining the steps of Riordan Manufacturing’s developed quality management process
Premium Quality management Total quality management Quality assurance
System Proposal for Riordan Manufacturing‚ Inc. Introduction In reviewing the current and historical sales and marketing information for Riordan Manufacturing‚ Inc.‚ it became clear that there is a need for a new streamlined system to track the past and present workings of the company. There are past marketing plans being stored in one location in a file cabinet‚ limiting the personnel that has access to it (Riordan Manufacturing‚ Inc.‚ 2012). Sales employees are using different methods to track
Premium Database management system Enterprise content management Data management
Total Vehicle Sales Forecast Final Project Alexander Hardt Dr. Holmes Economic Forecasting 309-01W Summer II 8/6/2013 Executive Summary For this project I created a twelve month forecast for Total Vehicle Sales in the United States using four different methods. These four techniques are called exponential smoothing‚ decomposition‚ ARIMA‚ and multiple regression. To do so I picked one dependent (Y) variable along with two independent (X) variables and collected 80 monthly observations
Premium Regression analysis
Riordan New System Proposal Beverly Clarkson May 16‚ 2014 IT/205 Riordan Manufacturing is a company that produces plastic from beverage containers to the automotive and aircraft industries. In order for Riordan to continue to be the leader in the polymer materials
Premium Manufacturing Management Industry
ed.) [eBook]. Boston‚ MA: McGraw-Hill Irwin. Retrieved on November 19th‚ 2013 from University of Phoenix eBook collection. University of Phoenix. (2013). Project Management Recommendation Email [Multimedia]. Retrieved from University of Phoenix‚ OPS/571 Operations Management website.
Premium Management Project management Project
WAP WAP Computer Computer Computer Computer New System Proposal 2 Riordan Manufacturing in search of a new system to improve it business and how it operates day to day. Although there are many different systems‚ finding one that is both cost effective and expandable to their future needs is important to the success of the organization. By implementing an enterprise resource planning system‚ Riordan Manufacturing will be able to do multiple functions with one cost effective system‚ instead
Premium Enterprise resource planning Wireless access point
3 SR-rm-003 Development of an ERP System BSA/400 SR-rm-003 Development of an ERP System Riordan Manufacturing Inc. is a global plastics manufacturer that was founded in 1991 and employs 550 people. They have since expanded to three locations in the U.S. and one in China. Due to these expansions the company is now experiencing communication and processing issues. Each system needs to be connected to the others in order to improve the tracking and productivity as well as communication between
Premium Enterprise resource planning