Management The company was founded by Dr. Riordan‚ a professor of chemistry he started Riordan plastics‚ Inc in 1991. Riordan Manufacturing is a global plastics‚ medical supplies‚ stents‚ automotive parts‚ appliance manufacture ’s parts‚ airplane parts‚ and beverage containers manufacturer. Riordan has 500 employees with a projected annual earnings of $46 million and a fortune of 1000 enterprises with revenues of $1 billion. Riordan Manufacturing has 4 worldwide locations Albany Georgia‚ Pontiac
Premium Organizational structure Organizational culture
2009 Accounting Cycle Description Paper An organization’s accounting information system includes collecting information then dividing the information into cycles. This paper will identify the five accounting cycles and specifically how Riordan Manufacturing uses the expenditure cycle. The strengths and weaknesses of the internal controls related to the expenditure cycle will be examined. This paper will explain how to integrate the expenditure cycle into an enterprise-wide accounting information
Premium Generally Accepted Accounting Principles Management Finance
Strategic Plan Riordan Manufacturing is a mid-size American company that was founded in 1991‚ employs 550 people and has projected annual earnings of $46 million. Riordan has three manufacturing locations‚ two in the United States and one in China. Riordan understands the importance of strategic planning and will lay out their reasoning in this paper. Competitive advantages‚ sustainability‚ innovation and ethical and social responsibilities will be addressed‚ as well as cultural and structural leadership
Premium Strategic management Management Strategic planning
Solutions Riordan Manufacturing Abstract The following paper will provide a brief background explanation detailing some of the issues found in the Manufacture. There will a series of three possible solutions identified for Riordan where one will be officially chosen. A brief description of the chosen strategy and solutions will then be detailed to provide a better understanding as to why the solution was the best fit for the company. The paper will proceed with an elaboration of each Riordan department
Premium Manufacturing Sales Motivation
Kramer Strategic Plan Paper According to (Wheelen & Hunger‚ 2010) "Strategic management is a set of managerial decisions and actions that determines the long-run performance of the corporation." The basic components of the strategic management process are environmental scanning‚ strategy implementation‚ strategy formulation‚ and evaluation and control. Over time‚ many organizations have used strategic management concepts developing them overtime and using them successfully. As a team‚ we will center
Premium Management Strategic management Strategic planning
Manufacturing Process Flow for Sanitaryware Ceramic Processing Ceramic undergoes through certain processes which are: * certain processes which are: * Slip Preparation & Glaze Making * Casting & Drying * Glazing * Firing * Inspection‚ Repairing‚ Re-firing & Packing 1. Slip Preparation and Glaze Making: For the slip preparation the raw materials are mixed with water as per the requirement. Proper composition along with the sufficient amount
Premium Pottery
Riordan Manufacturing has production plants located in Albany‚ GA‚ Pontiac‚ MI‚ and their overseas plant in Hangzhouz‚ China. Each location is responsible for different production lines and inventory. The Research and Development department is located in San Jose‚ CA‚ Riordan’s headquarters. Riordan Manufacturing’s Vice President (VP) of Operations has a service request for an implementation of a Manufacturing Resource Plan (MRP) among Riordan’s three plants into one system. This request will
Premium Supply chain management terms Sales order Personal computer
Riordan Manufacturing has three operating entities Georgia‚ Michigan and California plus a joint venture in the People’s Republic of China. Basically‚ the operating entities each have their own Finance & Accounting Systems and they provide input that is consolidated at Corporate San Jose. The basic components of each system are as follows: General Ledger Accounts Payable Accounts Receivable Order Entry Procurement Sales and Purchasing History Invoicing and Shipping Payroll Financial
Premium Accounts receivable Accounting software Accounts payable
Riordan Manufacturing James Whitten MGT/311 July 3‚2013 Riordan Manufacturing Team Strategy Plan Here Riordan Manufactoring‚ we thrive for excellence thru diversity‚ equal rights‚ and upholding our mission to provide the ultimate team oriented enviroment ideallly possible amongst well trained and mature porfessionals. Inorder‚ to providethe best results and ensure that all the adquate measures of success has been implied durning the employee recruitment process my colleagues and I have
Premium Management Employment Team
Riordan Manufacturing FIN 370 February 2013 University of Phoenix Riordan Manufacturing Riordan Manufacturing is a global manufacturer with projected annual earnings of $46 million. The parent company Riordan Industries Incorporated is a Fortune 1000 enterprise. The company specializes in manufacturing plastic beverage containers‚ custom plastic parts‚ and plastic fan parts. Manufacturers from the automotive‚ aircraft‚ appliance‚ as well beverage makers and bottlers are major customers. The
Premium Initial public offering