Riordan Manufacturing will benefit greatly by eliminating the waste of productivity time correcting data input errors.
Peoplesoft provides training classes for employee.
Peoplesoft software will minimize any disruption in overall business activity and will eliminate lack in compatibility between the systems at the various company locations.
Riordan will get 10% annual return on initial 5% investment.
Enhanced software security.
The new system will also allow all plants to know what is on hand at each plant.
Riordan will be in a position to expedite unexpected orders to their customers immediately if the materials are readily available at the plants.
Riordan will also be able to effectively forecast intended sales and provide more of their customers with one time delivery and quality products.
Riordan will be able to save money with cost effective inventory programs.
Riordan Manufacturing will be perceived by past, present and future customers andclients as a healthy and trustworthy organization.
Stakeholders will be able to view inventory progress.
Stakeholders will benefit by a good return on their investment.
Stakeholders will profit by an employee retention increase.
Riordan ManufacturingRiordan Manufacturing is an international plastics producer employing 550 people with anticipated annual earnings of $46 million. The company is entirely owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Production is divided amongst three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Research and Development is conducted at corporate headquarters in San Jose, California. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers (University of Phoenix, 2007).
Stakeholder Perspectives/Ethical DilemmasRiordan manufacturing is represented by several people from the leadership team Michael Riordan (CEO), Kenneth Collins (VP, Research and Development), Hugh McCauley (COO), Charles Lacy (VP Sales and Marketing), Maria Trinh (Chief Information Officer),Yvonne McMillan (Director of HR), Dale Edgel (CFO), and Barbara Masterson (Human Capital Consulting Senior Consultant).
Collins has been with the corporation from the commencement, has seen the company go through many transformations, and is apprehensive that he may be losing important figures because of the lack of compensation. All the stakeholders have fears about the direction that the company is going. There is a reason for concern and these concerned needs to be voiced before determining a solution or substitute that will work for the corporation.
There are several stakeholders to consider when looking at the present circumstances at Riordan Manufacturing and it starts with the investors of Riordan Industries who have seen investments wane over the past two years. From their point of view, Michael Riordan should be looking for an approach to strengthen the company and turn profits around as rapidly as possible so as not to lose more shareholders. Mr. Riordan believes the customer-focused team approach to selling their products is the method to expand the company but there are some other stakeholders to consider when implementing a change that will completely overhaul how Riordan Manufacturing markets and sells their goods internationally. Riordan's shareholders are entitled to a good return therefore it is important for management to improve the current slump in sales and if necessary move more manufacturing to the...