Riordan Manufacturing This paper takes a good look at the situation‚ opportunities and challenging issues that are facing Riordan Manufacturing Company. Through analyzing the situations‚ opportunities‚ and challenges the true problem with Riordan ’s human capital is realized. The end-state goals will direct Riordan Manufacturing to improve human resource practices‚ which will give Riordan a sustained competitive advantage (Dreher & Dougherty‚ 2001). Situation Background Riordan Manufacturing is
Premium Incentive program Human resource management Incentive
and be a socially responsible company to stay competitive in today ’s market Riordan Manufacturing Inc. is a part of the Fortune 1000 enterprises and exceeds ISO 9000 standards giving them the ability to stay a competitor within the plastic manufacturing industry. Currently‚ Riordan employs 550 employees throughout their four plants in Michigan‚ California‚ Georgia and one in China making them a global company. Riordan supports key customers in the automotive parts industry and aircraft manufacturers
Premium Natural environment Corporation Environment
MB0052- Strategic Management & Business Policy Assignment Set-I What is meant by strategy ? Differentiate between goals and objectives? Answer: Strategy is the method by which an organization systematically achieves its future objectives. A business cannot progress for a long term without a reliable strategy. Strategy is a common direction set for the company and its various components to accomplish a desired position in the future. A meticulous planning process results in strategy. It is
Premium Strategic management Management
Service Request SR-rm-022‚ Part 1 Hugh McCauley the COO of Riordan Manufacturing is requesting help with taking advantage of the more sophisticated state-of-the-art information technology systems that are already implemented in the Human Resources department. Mr. McCauley would like to combine these existing Human Resource tools into one integrated application. Riordan Manufacturing spans multiple locations including San Jose CA‚ Albany GA‚ Pontiac MI‚ Hangzhou China and all locations are accessing
Premium Manufacturing Management Human resources
Strategic Capacity Planning Several factors are taken into consideration for strategic capacity planning. Because Riordan Manufacturing produces plastic injection molding to create innovative plastic designs capacity planning is viewed in three time durations. First is long range‚ which means greater than one year and include buildings‚ equipment or facilities. Second‚ is intermediate range‚ which involves monthly or quarterly plans for the next 6 to 18 months. On this level capacity can vary
Premium Management Manufacturing Planning
Riordan Manufacturing Revenue Cycle Accounting information systems provide the tools to operate and maintain important data related to an organization and interpret the information to develop quality financial reports. The revenue cycle of Riordan Manufacturing reflects sales and the components associated with sales such as inventory‚ freight‚ cost of goods sold and accounts receivable‚ yet this information is not readily available to each facility. Because the forecast for the company is positive
Premium Accounting software Accounts receivable Accounts payable
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
Premium Human resource management Employment
Riordan Manufacturing Relocation Management Plan PM/571 Riordan Manufacturing Relocation Management Plan Project Objective: Relocating Riordan Manufacturing from Hangzhou to Shanghai. Project Justification: The relocation of Riordan Manufacturing involves relocating all operations from Hangzhou to Shanghai. The decision for this relocation is the fact that the company’s Chinese partners already have the necessary facilities in place. Also‚ because of the proximal to the Qiantang River‚ there
Premium Manufacturing Management Industry
Riordan Manufacturing is a global plastic manufacturer in a growing industry that is focusing more and more on the importance of sustainability. Riordan’s four plants in China‚ California‚ Georgia‚ and Michigan are looking to improve its sustainability practices company-wide. The following will summarize the objectives‚ targets‚ and programs that must be focused on and implemented in order for the company to flourish as an environmentally safe business. In the same way‚ technologies‚ strategies
Premium Sustainability Peak oil Wind power
goal is over the next 18 months to develop a system that will allow for the production of both our generic electric fans and personalized fans offered at our China location to become a more stream line process and adopt more of a just-in-time manufacturing approach. In order to make this process a reality the IT department will sent a request to develop an automated ordering system that will allow for quick and accurate tracking of inventory level and ordering of new inventory. The IT department
Premium Electric motor Inventory