Riordan Manufacturing Production Plan Pedro A Rios Jr.‚ Nelson Christensen‚ Teresa Swander‚ Chrystal Marcum and Kapricia Crosby University of Phoenix Operations Management OPS 571 Ashley Carr January 10‚ 2011 Riordan Production Plan Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. Riordan’s main customers range from automotive parts manufacturers to the Department of Defense. One of Riordan’s main productions
Premium Electric motor Manufacturing Management
Review and Summary of Riordan’s Mission and Vision and Strategic Objectives "Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries‚ a Fortune 1000 enterprise with revenues in excess of $1 billion" (Apollo Group Inc.‚ 2004). The Mission and Vision Statement of Riordan Manufacturing is four tier‚ concentrating on the company Focus‚ Customer Relationships‚ Employees and a Future
Premium Quality management ISO 9000 Quality assurance
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
Premium Balance sheet Generally Accepted Accounting Principles Asset
EMS Implementation and Monitoring for Riordan Manufacturing Katrice Bottoms MGT/360 September 20‚ 2011 Kevin Williams Executive Summary The competitive environment in today’s business world poses many dangers to the sustainability of the biosphere‚ which is so vital to life. Business organizations have a responsibility to help sustain and preserve the environment for future generations. Corporations must take initiative in developing business plans that incorporate sustainable business practices
Premium Sustainability Recycling
chuck key. • Then marked the job as per given measurements with the help of steel rule and calipers. • Did the steps and cut edges with the help of side cutting tool. • Repeated the procedure 1 to 4 for mild steel round 25*50mm • Went to drilling process‚ and made 10 mm of diameter for mild steel 25*80. • Did the free and plane operations and finish the job as per given sketch.
Premium Cutting Angle
Riordan Manufacturing has grown from a small plastics research and development firm to a multinational plastics manufacturing power in the brief span of 14 years. This growth has seen Riordan expand their operation to multiple manufacturing and distribution points across North America and China. Riordan now services over 32 customers of varying size‚ including automotive parts manufacturers‚ aircraft manufacturers‚ the Department of Defense‚ appliance manufacturers‚ and beverage bottlers. This rapid
Premium
lot of waiting time for the process and the workers. To repair a broken down machine takes at least 3 hours up to 12 hours. When the machine breaks down the production in the melting work centre is stopped which for example makes the level of inventory increase. Since the company only have one machine there are a lot of unnecessary waiting time at stops and reparations unlike they had got two machines. In the melting work centre the workers also observe the process and wait for the alloy to melt
Premium Management Manufacturing Tool
Design of Production Systems W H AT D O E S P R O D U C T A N D S E R V I C E D E S I G N D O ? 1. Translate customer wants and needs into product and service requirements. (marketing) 2. Refine existing products and services. (marketing) 3. Develop new products and/or services. (marketing‚ operations) 4. Formulate quality goals. (quality assurance‚ operations) 5. Formulate cost target. (accounting) 6. Construct and test prototypes. (marketing‚ operations) 7. Document specifications
Premium
Elimination of Waste in a Lean Manufacturing Environment Many things can be done in a manufacturing enterprise in order to increase its performance. Special consideration should be given to the activities where the most benefit can be attained. The elimination of waste is the most important contributor to improvement in a lean manufacturing environment. The efforts for the elimination of waste begin on the manufacturing floor and include all areas of the enterprise all the way up to management
Premium Lean manufacturing Kaizen Manufacturing
crew performances and times. His innovative techniques and determination had successfully cut pit crews performance times in half because he introduced athletic training and much like chapter 3 in our book standardized (organized) practices to the process thus turning crew members into athletes. The introduction of pit crewmembers training as athletes revolutionized the motorsports industry and has made the sport what it is today. When Papa worked at HMS they were known for having one of
Premium Formula One