Case Study: Riordan Manufacturing
Riordan Manufacturing Incorporated � PAGE * MERGEFORMAT �1�
Running head: RIORDAN MANUFACTURING INCORPORATED
Riordan Manufacturing Incorporated
University of Phoenix
Jerry Swindle, Jr.
Brad Calkins
Oluseyi Onajobi
Shawn Gover
�
Riordan Manufacturing Incorporation
Riordan Manufacturing Incorporation is the transformation of Riordan Plastics, Inc which was founded in 1991 by Dr. Riordan in response to the commercial application of Research and Development in processing polymers. Riordan Manufacturing is wholly owned by Riordan Industries. With revenues in excess of $1 billion, Riordan Industries has entered into the Fortune 1000 enterprise distinction.
The transformation which took place 1992 was made possible by the Venture Capital …show more content…
This will allow Riordan Manufacturing Inc. to glance at any office and view manufacturing, operations, and accounting data "real time" because all the systems are linked together and operating on the same software. This ensures that the financial data is consolidated instantly and the general ledger and accounting functions are less labor intensive, which saves man-hours and costs at the month-end and year-end closures of the books. Training will be handled by the software vendors to assure for a smooth transition from the previous system of processes. The training will span from upper management to the production departments and finally to shipping, receiving and finance department. Since all parts will connect through a series of networks, the data will need to be in a uniform format. This format should be generated by the software in a consistent stream with …show more content…
On the other hand Cash flow Statement will give the cash flow from operations investments and financing. That is , all the departments (Finance and Accounting ,Sales and Marketing ,Human Resources , Operations, Legal , Information Technology and Executives ) within Riordan Manufacturing Inc. will be connected to the accounting system from all the operating entities in Georgia , Michigan ,California , China and having the corporate office in San Jose .
Inventory control is an important part in the risk management systems for all companies. Riordan definitely falls within this banner as too, this important phase is needed in tracking inventory produced and on hand to do a number of tasks. Some of these things but not limited to are: janitorial, maintenance, manufacturing, distribution, and administrative. On the surface it might seem that there isn 't an urgent need to track these miscellaneous things carefully. This is quite to the contrary because it is these very things that can determine the profit or loss in a company and ultimately it 's overall profit and
Running head: RIORDAN MANUFACTURING INCORPORATED
Riordan Manufacturing Incorporated
University of Phoenix
Jerry Swindle, Jr.
Brad Calkins
Oluseyi Onajobi
Shawn Gover
�
Riordan Manufacturing Incorporation
Riordan Manufacturing Incorporation is the transformation of Riordan Plastics, Inc which was founded in 1991 by Dr. Riordan in response to the commercial application of Research and Development in processing polymers. Riordan Manufacturing is wholly owned by Riordan Industries. With revenues in excess of $1 billion, Riordan Industries has entered into the Fortune 1000 enterprise distinction.
The transformation which took place 1992 was made possible by the Venture Capital …show more content…
This will allow Riordan Manufacturing Inc. to glance at any office and view manufacturing, operations, and accounting data "real time" because all the systems are linked together and operating on the same software. This ensures that the financial data is consolidated instantly and the general ledger and accounting functions are less labor intensive, which saves man-hours and costs at the month-end and year-end closures of the books. Training will be handled by the software vendors to assure for a smooth transition from the previous system of processes. The training will span from upper management to the production departments and finally to shipping, receiving and finance department. Since all parts will connect through a series of networks, the data will need to be in a uniform format. This format should be generated by the software in a consistent stream with …show more content…
On the other hand Cash flow Statement will give the cash flow from operations investments and financing. That is , all the departments (Finance and Accounting ,Sales and Marketing ,Human Resources , Operations, Legal , Information Technology and Executives ) within Riordan Manufacturing Inc. will be connected to the accounting system from all the operating entities in Georgia , Michigan ,California , China and having the corporate office in San Jose .
Inventory control is an important part in the risk management systems for all companies. Riordan definitely falls within this banner as too, this important phase is needed in tracking inventory produced and on hand to do a number of tasks. Some of these things but not limited to are: janitorial, maintenance, manufacturing, distribution, and administrative. On the surface it might seem that there isn 't an urgent need to track these miscellaneous things carefully. This is quite to the contrary because it is these very things that can determine the profit or loss in a company and ultimately it 's overall profit and