Preview

Riordan Manufacturing Case Summary

Good Essays
Open Document
Open Document
245 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Riordan Manufacturing Case Summary
On the surface, Riordan Manufacturing's balance sheet reveals a profitable company with an excellent equity for its stockholders. However, an in-depth analysis reveals some possible concerns with its long term financial health. Over the past three years, Riordan has been relatively stagnant despite consistent investment in a joint venture in the People's Republic of China. In addition, the company continues to carry a significant long term debt without a noticeable attempt to lessen that debt.

Riordan also exhibits possible concerns with its accounts receivables and inventory levels. The company has a receivable turn of 8.67, meaning that it takes and average of 42 days for its customer to pay on its bills. While this falls slightly
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    Riordan Manufacturing Bsa 310
    • 2054 Words
    • 9 Pages

    Riordan Manufacturing Bsa 310

    Though Riordan Manufacturing has seen success since beginning operations, there are still important improvements needed. This analysis is written to identify necessary changes needed to make Riordan Manufacturing a more efficient operating company.…

    • 2054 Words
    • 9 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Bsa310 Week 2 Team
    • 546 Words
    • 3 Pages

    Bsa310 Week 2 Team

    Riordan Manufacturing expanded operations to include a new China plant in 2000. This expansion caused a shift in some of the manufacturing operations between plants and required retooling at the Michigan plant. Each of these facilities has its own Financial and Accounting Systems. That input is consolidated at the corporate office in San Jose.…

    • 546 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Bottlenecks That Face Riordan Manufacturing
    • 471 Words
    • 2 Pages

    Bottlenecks That Face Riordan Manufacturing

    The China plant is a decentralized unit of Riordan Manufacturing, which I would think would not be the best idea for Riordan. All facilities need to have communication with Riordan’s headquarters. China needs to have its own process for running Riordan’s China Location, but have to maintain contact, and obtain approval from Riordan Headquarters, before major projects are started.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Riordan Manufacturing Assessment
    • 595 Words
    • 3 Pages

    Riordan Manufacturing Assessment

    Finance and Accounting is one of the most important departments in the company. For this reason the systems that work for and along with this department should always be as current as they can be. Currently, Riordan Manufacturing has three plants in different states and a joint venture in China. The corporate office which is located in California receives reports from the Michigan and Georgia departments as well as the department in China.…

    • 595 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Riordan Manufacturing Executive Summary
    • 776 Words
    • 4 Pages

    Riordan Manufacturing Executive Summary

    The companies focus, mission statement, customer relationships, and employee goals are satisfactory, however at Riordan a couple of their reasons for conducting this project were to; first increase efficiency within the company and secondly to maintain profitability. Both of these are necessary to conduct business and be…

    • 776 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Riordan Manufacturing: Company Overview
    • 1062 Words
    • 5 Pages

    Riordan Manufacturing: Company Overview

    In plastics mechanized marketplace, Riordan Manufacturing is a universal head. The company has services in Albany, Georgia, Pontiac, Michigan, Hangzhou, China and San José, California. $46 billion are the roughly annual income of Riordan’s project. In 1992, the company starts actions with the company’s prime purposeful Human Resources Information System. The present scheme is component of the economic schemes parcel that follows the worker information. Latest examination of the existing HRIS has offered verification as demonstrating the scheme requirements promotion to assemble Riordan’s mounting desires. Riordan made preparations to inform the existing HRIS scheme with a further complicated HR scheme to stay as practicable. To integrate numerous utensils into a solitary included appliance, the exploit of the modern technology will be applied.…

    • 1062 Words
    • 5 Pages
    Good Essays
    Read More
  • Better Essays

    Riordan Manufacturing Part 1
    • 1087 Words
    • 5 Pages

    Riordan Manufacturing Part 1

    Riordan Manufacturing is an industry leader in its field and is committed to providing its employees and business partners with efficient and professional service. The hardware, software, and processes that make up Riordan’s Human Resource Information System (HRIS) pose a major obstacle to its continued success and aspiration of becoming a green company. In response to these challenges with its current HR systems, Riordan has initiated a project to plan for the upgrade and integration of its human resource systems. Riordan is hopeful that the proposed HRIS will be a major improvement by providing an integrated human resource information system that is scalable, maintainable, and upgradeable to grow with the company.…

    • 1087 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Riordan Manufacturing Research Paper
    • 985 Words
    • 4 Pages

    Riordan Manufacturing Research Paper

    Operations and Logistics- Logistics team analyze production schedules and determine inbound and outbound logistics needed for assigned plants as well as direct and coordinate program activities with vendors and customers. Logistics team also schedule inbound and outbound shipments, compute freight rates, and direct and coordinate activities of international operations. The Warranty Service team receives records and distributes work orders to service crews upon customers’ requests for service (Apollo, 2004).…

    • 985 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Problem Solution: Riordan Manufacturing Case Study
    • 4999 Words
    • 20 Pages

    Problem Solution: Riordan Manufacturing Case Study

    In the United States of America the one key issue Riordan Manufacturing is addressing is employee retention. Many comments have been made regarding employee attrition and the cause for this attrition is competitors paying higher wages. Additionally, Riordan 's Research and Development Department (R&D) is experiencing major turnover and huge loss of employee knowledge due to attrition. Furthermore, Riordan 's employee incentive program is faltering and is a foremost concern with Riordan 's management and employees '.…

    • 4999 Words
    • 20 Pages
    Good Essays
    Read More
  • Better Essays

    Mgt 498 Week 4 Advantages Paper
    • 975 Words
    • 4 Pages

    Mgt 498 Week 4 Advantages Paper

    Last week our group researched and discussed two companies that have many competitive advantages in common with Riordan Manufacturing. After discussing, we decided that the commonalities could all be related to one of three main advantages. Theses advantages are:…

    • 975 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Riordan Manufacturing
    • 236 Words
    • 1 Page

    Riordan Manufacturing

    Riordan Manufacturing can improve the innovation and sustainability of business operations in the United States and in the global market by continuing to focus on their above and beyond customer service that keeps the customers loyal to them. They can also continue to provide products that are better than the competitor. Having a high quality product and a demand for it from repeat customers will help to sustain level of sales and get more customers when they are recommended by those that they already sell to.…

    • 236 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Sr Part 1
    • 580 Words
    • 2 Pages

    Sr Part 1

    The primary stakeholders at Riordan Manufacturing are President & CEO Dr. Michael Riordan, COO Hugh McCauley, Executive Assistant Jane McCall, SVP – R&D Kenneth Collins, VP of Transportation Clyde Cousins, VP Sales & Marketing Charles Lacy, Chief Financial Officer Dale Edgel, Director of Accounting and Finance Donald Bryson, Chief Legal Counsel Lowell Bradford, VP Product Support Bob Havinga, VP Operations Mark Nietzel, Director of Plant Operations (Pontiac) Ronald Nelis, Director of Plant Operations (Albany) Craig Granberg, and Chief Information Officer Maria Trinh.…

    • 580 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Riordan Manufacturing
    • 5438 Words
    • 16 Pages

    Riordan Manufacturing

    ? Improvements with the internal issues (human capital) Riordan Manufacturing will become a much profitable and much stronger organization at all levels by building enduring, trustful relationships with its stakeholders, existing and…

    • 5438 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Problem Definition: Riordan Manufacturing
    • 3901 Words
    • 16 Pages

    Problem Definition: Riordan Manufacturing

    Riordan Manufacturing, Inc. an industry leader in the field of plastic injection molding was founded by Dr. Riordan, a professor of chemistry in 1991. The company is now an “industry leader in the field of plastic injection molding” (Riordan, 2008). They have state-of-the-art design capabilities and created innovative plastic designs that have earned international…

    • 3901 Words
    • 16 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Riordan Manufacturing
    • 617 Words
    • 3 Pages

    Riordan Manufacturing

    Here Riordan Manufactoring, we thrive for excellence thru diversity, equal rights, and upholding our mission to provide the ultimate team oriented enviroment ideallly possible amongst well trained and mature porfessionals. Inorder, to providethe best results and ensure that all the adquate measures of success has been implied durning the employee recruitment process my colleagues and I have developed the following redcruitment and skill evaluation procedures below. We will organize and develope four teams in the areas of Shipping/Receiving, Product Assembly, Inventory, Quality Check, and Management. We will utilize current and newly hired employees to orchestrate the availble positions on the teams. Current employees of displayed exceptional performance will most likely secure roles of leadership and training responsibilities in their individual respective departments. This will give current employees the opportunity to achieve growth within the company, in which will enhance loyalty and production profiency. Allowing previous trained and seasoned workers prep and prepare newly hired workers will save the company tremendously when it comes to capital utilized for training newly hired employees. The recruitment process will be very exstensive serving as a filtering process for the most qualified canidates regardless of their nationality. All employees new and veterans will be administered personality and apptitude test. This will give us an insight on each individual strenghts, weaknesses, mentality, and interest. We will build teams according to these results with a special focus of not placing predominately like minded individuals together. Our aim is to increase constructive compromise thru teamship and optimism. We want to eliminate anti-social and unisocial comfort zones in order to establish omnisocial interaction amongst the entire workforce.…

    • 617 Words
    • 3 Pages
    Satisfactory Essays
    Read More

Related Topics