Potential Bottlenecks that Face Riordan Manufacturing: China plant operates as a decentralized unit of Riordan Manufacturing. Parts are purchased by buyers in the China Plant’s purchasing department from a local Chinese company. While this company attempts to maintain adequate quantities of electric motors in stock to meet all its order requirements‚ its on-time deliveries over the past year have averaged only 93%. Part of the China’s plant’s business is a make-to-stock operation in which the
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Riordan Manufacturing‚ Inc. Business Analysis Learning Team B BSA 500 University of Phoenix Instructor: Charlotte Bonner October 6‚ 2008 * Riordan Manufacturing‚ Inc. Business Analysis * ****INTRO GOES HERE – DANA WILL WRITE IT AS WE NEAR COMPLETION History of Riordan Riordan Manufacturing Inc. is a leading global manufacturer of plastic injection molding components. Some of the components that it manufactures include: plastic bottles
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Riordan Manufacturing BSA/500 IT Business Systems I August xx‚ 2013 Riordan Manufacturing was founded in 1991 by Dr. Michael Riordan‚ a professor of chemistry. After sensing the commercial application of several of his patented Polymer processes‚ Dr. Riordan started Riordan Plastics‚ Inc.‚ which initially focused on research and development. In 1992
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System Overview Several processes within Riordan’s Human Resource Information System (HRIS) have been identified as disjointed and Riordan wants to integrate those processes into the HRIS to create a more seamless‚ secure and efficient system. Manual processes as well as partially automated processes‚ both internal and external third party‚ will need to be integrated into the HRIS system to accomplish this integration goal. HRIS Updates Changes to information in the HRIS database are currently
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Gap Analysis: Riordan Manufacturing Employee motivation is an issue that organizations face on a day to day basis. It can cause job dissatisfaction and turnovers for an organization. Organizations should develop strategies that would increase innovation‚ recognize the value of teamwork‚ and equally reward and motivate employees. How well an organization handles issues that may arise from employees can mean the difference between an energized‚ productive workforce and a languid non-productive
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FINANCIAL FORECASTING: RIORDAN MANUFACTURING Introduction Financial forecasting allows financial managers to anticipate events before they occur‚ particularly the need for raising funds externally. An important consideration is that growth may call for additional sources of financing because profit is often inadequate to cover the net buildup in receivables‚ inventory‚ and other asset accounts. When forecasting‚ one must take into account estimated future levels of receivables‚ inventory‚ payables
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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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Application of the SDLC Methodology: Riordan Manufacturing Abstract Riordan Industries is a Fortune 1000 enterprise‚ which is responsible for a successful subdivision known as Riordan Manufacturing. Riordan Manufacturing is leader in the field of plastic injection molding that specializes in the making of plastic bottles and unique plastic parts‚ fans‚ heart valves‚ and medical stents. Riordan Manufacturing can be found in various locations such as: San Jose‚ California‚ Albany‚ Georgia‚ Pontiac
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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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