Hardware and Software � PAGE * MERGEFORMAT �3� Riordan Manufacturing current troubles in the Finance and Accounting systems can no longer be accepted. The company ’s turmoil has become evident to vendors and customers. The decision to invest in a system that will integrate their financial and accounting systems from their four locations has become a top priority. The CFO of the company has found a state of the art systems; Manufacturing Resource Planning (MRP II). The estimated cost of the new
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Strategic Plan Paper Strategic Plan Paper Introduction Riordan Manufacturing is a plastic manufacturing company founded in 1991‚ employing 550 people and has projected annual earnings of $46 million. They are a global company with three total manufacturing locations‚ two being in the United States and one in China. Riordan Manufacturing recognizes the importance of strategic planning as part of long term success of the business‚ which will be outlined in this paper. In order for a company to
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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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Riordan Manufacturing Management Review Britni Dresen‚ Jose Jimenez‚ Jorge Gracia‚ Dianna Kirkland University Of Phoenix University of Phoenix BSA/502 Riordan Manufacturing Management Review Riordan Manufacturing‚ Inc is an industry leader in the field of plastic injection molding employing 550 individuals throughout its plants in the USA and China. Products produced at Riordan include plastic beverage containers produced at its plant in Albany‚ Georgia‚ custom plastic parts produced
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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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goal is over the next 18 months to develop a system that will allow for the production of both our generic electric fans and personalized fans offered at our China location to become a more stream line process and adopt more of a just-in-time manufacturing approach. In order to make this process a reality the IT department will sent a request to develop an automated ordering system that will allow for quick and accurate tracking of inventory level and ordering of new inventory. The IT department
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LOGISTICS IN RIORDAN MANUFACTURING Operations and Logistics in Riordan Manufacturing Learning Team B University Of Phoenix BSA/502 June 1‚ 2009 Operations and Logistics in Riordan Manufacturing Operations and logistics form the base of every organization‚ whether in manufacturing‚ service or nonprofit industries. Operations management and logistics within Riordan Manufacturing although
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Operations Officer of Riordan manufacturing sent out two memos with regards their China relocation and the IT Special Project. The persons contacted were Charles Williamson‚ VP of International Operations; Dale Edgel‚ Chief Financial Officer; Lowell Bradford‚ Chief Legal Counsel; Clyde Cousins‚ VP of Transportation; Maria Trinh‚ Chief Information Officer; Robert Lord‚ Director of Plant Operations who lives in China; and the company’s namesake‚ President‚ and CEO Michael Riordan. Persons in all levels
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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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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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