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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. Riordan Manufacturing Strategic Plan University of Phoenix Strategic Management MGT/498 Riordan Manufacturing Strategic Plan A world renowned plastics manufacturer employing nearly 550 workers worldwide‚ Riordan Manufacturing Co. a leader in the industry of plastic injection molding‚ has more than $1 billion in revenue. With operations based in California‚ Michigan‚ Georgia‚ and China‚ review of current resources within Riordan’s business structure reveal numerous areas in need
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Corporate Compliance Plan: Riordan Manufacturing name University of Phoenix LAW/531 Business Law SC10MBA01B Teacher name May 26‚ 2010 Corporate Compliance Plan: Riordan Manufacturing In the early 20th century many large corporations were guilty of committing scandals and fraudulent activities. Many people today are very familiar with Sarbanes Oxley Act (SOX) of 2002 when the large companies such as Enron‚ WorldCom‚ Adelphia‚ and many others collapsed between 2001 and 2002‚ and Congress
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Riordan Manufacturing (Riordan) is an industry leader in using polymer materials to produce plastic products with projected annual earnings of $46 millions. Riordan has plastic manufacturing plants in Albany‚ Georgia‚ and a custom plastic plant in Pontiac‚ Michigan. Also‚ there is a plastic fan manufacturing plant in Hangzhou‚ China. Riordan also conducts research and development at the headquarters in San Jose‚ California‚ (Apollo‚ 2006). The high demand for materials used in producing plastic
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Riordan Manufacturing Virtual Organization Strategic Plan Strategic planning considered one of the important factors to be considered by organizations seeking to improve business and process within the current organization scope. Riordan Manufacturing Inc. has become a global leader in the area of plastic injection molding with state-of-the-art design capabilities. Currently Riordan Manufacturing Inc. is looking to develop and implement a strategic plan for the organization to improve process‚
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Strategic Plan: Riordan Manufacturing Inc. What role should ethical and social responsibility considerations have in Riordan’s strategic management plan? Ethical and social responsibility should be strongly considered in Riordan’s strategic management plan. Companies that support strategic corporate social responsibility focus on factors such as identifying opportunities and threats facing stakeholders‚ managing relationships with stakeholders‚ creating sustainable business practices‚ and most important
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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 Outsourcing Plan Introduction Riordan Manufacturing (RM) is an established global plastics producer‚ which employees 550 individuals and their projected annual earnings are $46 million. RM has production divided among three plants. RM’s mission is to focus on achieving and maintaining profit that ensures that the financial and human capital is available to sustain growth. In week three‚ team C established four potential outsourcing options. Of those four potentials‚ RM
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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
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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
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