Abstract Riordan Manufacturing is a company responsible for producing plastics globally. Some of their products include plastic beverage containers and plastic fan parts. Our team has been asked to put together an executive summary regarding identifying some areas needing improvement‚ defining the purpose of the project as well as who the key stakeholders are. Below is the review of our findings.
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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
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Description Paper Riordan Manufacturing is an international plastic manufacture who operates four separate facilities. These sites are located in California‚ Georgia‚ Michigan‚ and China. The accounting cycles are performed at each individual facility. Once the accounting tasks are completed they are sent to the corporate offices in California for consolidation. Some of these accounting cycles include general ledger‚ accounts payable‚ accounts receivable‚ order entry‚ procurement‚ sales and purchasing
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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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Riordan Manufacturing – Accounting Cycle Description Introduction Riordan Manufacturing‚ Inc. is an industry leader in the field of plastic injection molding. Using cutting edge art design capabilities‚ this Fortune 1000 Enterprise Company maintains facilities in San Jose‚ California‚ Albany‚ Georgia‚ Pontiac‚ Michigan and Hangzhou‚ China‚ and has annual earnings of $46 million. A company does not attain and maintain this type of success by accident. Part of Riordan’s success is due to its
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fit for Riordan Manufacturing. The Riordan mission focuses on leading and exceeding industry standards for quality‚ including those set by the ISO 9000. Riordan’s competitive strategy includes leading industry research and development which gives the organization opportunity to adapt to external factors ahead of competitors. Developing new and innovative materials and ones that are environmentally sustainable satisfies Riordan’s desire to be "a solution provider for our customers" (Riordan Manufacturing
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Riordan Inventory or Manufacturing Processes Paper University of Phoenix CIS 319 Computers and Information Processing Introduction The success of any manufacturing company is dependent on its manufacturing system design. The system design concept has been the basic force in manufacturing advancement. Without manufacturing design‚ all manufacturing would be stuck in the “square wheel” era. The first system design was the invention of the forerunner of the modern factory nearly 200
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The next Stage of Riordan Manufacturing’s project to upgrade their HRIS is to develop the application architecture and process design. The application architecture is built upon the business requirements that are gathered from the stakeholders‚ this pertains to building a relationship between application packages‚ databases‚ and middleware systems‚ in regards of coverage and abilities. Mapping out the architecture will show problems and gaps in the coverage‚ from these discoveries it will give the
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The differentiation strategy will focus on selling custom products to specialty markets to increase revenues through the use of new product innovations. Riordan will set specific production and revenue goals for this differentiation. To measure the effectiveness of this guideline Riordan will use return on investment (ROI). The ROI will measure profitability of all special orders and determine the effectiveness to increase organizational revenues. If this differentiation
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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
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