Riordan Manufacturing Outsourcing Plan Introduction Riordan Manufacturing (RM) is an established global plastics producer‚ which employees 550 individuals and their projected annual earnings are $46 million. RM has production divided among three plants. RM’s mission is to focus on achieving and maintaining profit that ensures that the financial and human capital is available to sustain growth. In week three‚ team C established four potential outsourcing options. Of those four potentials‚ RM
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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
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Strategic Capacity Planning Several factors are taken into consideration for strategic capacity planning. Because Riordan Manufacturing produces plastic injection molding to create innovative plastic designs capacity planning is viewed in three time durations. First is long range‚ which means greater than one year and include buildings‚ equipment or facilities. Second‚ is intermediate range‚ which involves monthly or quarterly plans for the next 6 to 18 months. On this level capacity can vary
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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
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mywbut.com Data Flow Diagrams (DFDs) 1 mywbut.com Specific Instructional Objectives At the end of this lesson the student will be able to: • • • Identify the activities carried out during the structured analysis phase. Explain what a DFD is. Explain why constructing DFDs are important in arriving at a good software design. • Explain what a data dictionary is. • Explain the importance of data dictionary. • Identify whether a DFD is balanced. Structured Analysis Structured analysis
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DATA RETRIEVAL CHART Importance / Economic Values | Problems / Challenges | Effect to the Economy | Government Programs | 1. Water resources provide us aquatic creatures like fish that serves as our food which is a basic need. | Some fisherman use dangerous fishing methods like muro-ami and dynamite fishing. | Red tide decreases the quality of the fish that we catch. | R.A. 1751 – Anti illegal fishing. | 2. Fishing makes a general improvement in living standards because of the profits
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Gap Analysis: Riordan Manufacturing Employee motivation is an issue that organizations face on a day to day basis. It can cause job dissatisfaction and turnovers for an organization. Organizations should develop strategies that would increase innovation‚ recognize the value of teamwork‚ and equally reward and motivate employees. How well an organization handles issues that may arise from employees can mean the difference between an energized‚ productive workforce and a languid non-productive
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In the late 1970s data-flow diagrams (DFDs) were introduced and popularized for structured analysis and design (Gane and Sarson 1979). DFDs show the flow of data from external entities into the system‚ showed how the data moved from one process to another‚ as well as its logical storage. Figure 1 presents an example of a DFD using the Gane and Sarson notation. There are only four symbols: Squares representing external entities‚ which are sources or destinations of data. Rounded rectangles
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BSBINN601 TASK 1 1. Create a flow chart by using the headings to demonstrate the change management cycle. Flow Chart 4. What is the purpose of reviewing existing policies and practices against the strategic objectives? The monitoring and reviewing of all the procedures and policies regularly is very essential. The management team of the organization must take the responsibilities of recognizing and identifying the changes that are required to be done in the policies in order to increase
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LTD Ratio Analysis Memo ACC 291 Memorandum Monday‚ March 4th‚ 2013 To: CEO‚ Riordan Manufacturing Inc. From: Financial Analyst LTD Listed below you will find a quick analysis of the company using productivity‚ Liquidity and solvency ratios. This analysis is accompanied by vertical and horizontal analysis. These analysis gives anyone inquiring a good picture of the company’s overall performance. This analysis is also a good way to determine the company’s financial standings for the said
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