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 future demand
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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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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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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 BSA/500 IT Business Systems I August xx‚ 2013 Riordan Manufacturing was founded in 1991 by Dr. Michael Riordan‚ a professor of chemistry. After sensing the commercial application of several of his patented Polymer processes‚ Dr. Riordan started Riordan Plastics‚ Inc.‚ which initially focused on research and development. In 1992
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A Production Plan For Riordan Manufacturing OPS/571 Operations Management A Production Plan For Riordan Riordan Manufacturing has a reputation for precision and innovation. As a Fortune 1000 enterprise‚ Riordan cannot afford to have the issues of bottlenecking affecting their production. As a result‚ a detailed analysis of the bottlenecks‚ the effects‚ and appropriate strategic planning were examined. Lean production planning was examined as was new processes. The details of the new processes
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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 Security Policy Smith Systems Consulting has been hired to evaluate and consult on the creation of a new information technology security policy to span the complete enterprise infrastructure. This document will serve as a recommendation for Riordan Manufacturing as it pertains to the enterprise wide information security strategy. Riordan Manufacturing currently has three locations within the United States and one location in Hangzhou‚ China. All of these locations have been
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Riordan Production Plan Riordan Production Plan Understanding the various components of a production plan is essential to a balanced operations strategy. Unexpected variations in the plan can result in bottlenecks and costly 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
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Riordan Manufacturing Change Management and Communication Plan Riordan Manufacturing has been in business for over a decade and has been named an industry leader as a global plastics manufacturer because of their materials and identifying trends (Apollo Group‚ Inc.‚ 2013). Because this organization is known for their contemporary mode of conducting business‚ a new formal system is being implemented for managing customer information that all employees will be required to adopt. Change Management
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