Running head: PRODUCTION PLAN FOR RIORDAN MANUFACTURING Production Plan for Riordan Manufacturing University of Phoenix Online OPS 571: Operations Management December 21‚ 2009 Production Plan for Riordan Manufacturing Introduction Riordan Manufacturing‚ Inc. is a global leader in the field of plastic injection molding with state of the art design capabilities that has made the company competitive in the global market. Riordan has three operating entities in Georgia‚ Michigan
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roles of financial accounting “Accounting is an information system that identifies‚ records‚ and communicates the economic events of an organization to interested users.”1. The basic objective of accounting is to provide information to the interested users to enable them to make business decisions and “Financial statements are the primary means of communicating financial information to parties outside the business organization.”2. Moreover‚ accounting can give the essential information‚ especially for
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Quiz Chapter 1 1. What is data? What is information? (p.10) Data are facts‚ which may or may not be processed and have no direct effect on a user’s actions. Information causes the user to take an action that he or she otherwise could not‚ or would not have taken. 2. List tasks of database management. (p.12) Three database management tasks are data storage‚ data retrieval‚ and data deletion. 3. What services could not public accountings provide with their audit clients? (p.22) There are:
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Riordan Business Systems Riordan Manufacturing currently has four plants of operations. These plants are in San Jose‚ California‚ Albany‚ Georgia‚ Pontiac‚ Michigan and Hungzhou‚ China. Currently the Operations department runs on independent Microsoft SQL servers running Microsoft Project‚ and Microsoft Office 2003. The Research and Development department recently received an upgrade to there outdated Computer Aided Drafting Software from aSa Solutions because the system on hand was inadequate
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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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Accounting is the financial information system that provides these insights. In short‚ to understand your organization‚ you have to know the numbers. Accounting consists of three basic activities—it identifies‚ records‚ and communicates the economic events of an organization to interested users. You cannot earn a living‚ spend money‚ buy on credit‚ make an investment‚ or pay taxes without receiving‚ using‚ or dispensing financial information. Good decision making depends on good information
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business‚ the management of company’s information online has developed into an issue to be concerned. AIS‚ which is short for Accounting Information System‚ is not merely related to accounting information management as the business develops around the world. In the various explanations of AIS in the Lecture 1‚ p12130 Accounting Information System‚ presented at the University of Nottingham Ningbo by Trevor Bayley‚ Vaassen (2002) defined AIS as provides information for decision-making and accountability
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are making. It basically organizes and provides you with the information that is necessary for the particular vendor you are entering in the computer. B. From the accounting perspective‚ why do you need to enter all these data? This data is used to facilitate the submission of a vendor. It identifies and organizes all the information so when accessed later the vendor information is already set up. Accountants can use this information to gather what type of vendor they are looking for‚ the type
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Riordan Home Page: In the Home Page of the Intranet site for Riordan Manufacturing it shows that this company employs more than 550 employees around the world. Their earnings are projected to earn annually around $46 million dollars and they have their headquarters set in San Jose‚ California. In their facility in Albany‚ Georgia they produce their plastic beverage containers while in Pontiac‚ Michigan they usually make their custom plastic parts. In their headquarters they keep their research
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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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