Riordan Manufacturing Offshore Outsource Plan Introduction Riordan Manufacturing is a $1 billion company owned by Riordan Industries; a Fortune 1000 enterprise with specialization in the field of plastic injection molding. The company has 550 employees with projected annual earnings of $46 million. The original company was Riordan Plastics‚ Inc. started by founder Dr. Riordan in 1991 and in 1992; it was renamed to Riordan Manufacturing. In 1993‚ the company expended into the production of plastic
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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 Customer Management System Andrea McLelland‚ Kelly Feuerhak‚ Melissa Robinson Slaton‚ and Marco Elizaldi MGT/311 February 23‚ 2015 Michael Ventrone Riordan Manufacturing Customer Management System Change Management Plan Identify Power Structures Organizational Structures Potential Effects Riordan Manufacturing maintains a focus on growing its’ employees through providing a stable‚ team-oriented environment. The type of culture Riordan’s provide will continue to build the
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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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for Riordan Manufacturing Operations Management 571 (OPS571) “Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries‚ a Fortune 1000 enterprise with revenues in excess of $1 billion”. (University of Phoenix‚ pg.1‚ 2013) Riordan corporate headquarters is in San Jose‚ California. The company’s research and development is conducted here. A chemistry professor Dr. Riordan founded
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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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Part 1 Riordan Manufacturing has put in a service request SR-rm-022 for the HR system to be analyzed. Hugh McCauley‚ who is Riordan Manufacturing’s COO (Chief Operating Officer)‚ submitted the service request for all plant locations to integrate existing variety of HR tools into a single integrated application. Riordan wants to take advantage of a more sophisticated‚ state-of-the art‚ information systems technology in our Human Resources department. The expected results of this service request
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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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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
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Running head: RIORDAN MANUFACTURING PRODUCTION PLAN Riordan Manufacturing Production Plan Linda Head‚ Jamie Ingram‚ Charles Johnson and Carmelita Luhrsen University of Phoenix OPS/571 – Operations Management September 6‚ 2011 Riordan Manufacturing Production Plan Riordan Manufacturing is a global industry leader in plastic manufacturing. It is headquartered in San Jose‚ California. The company produces plastic beverage containers‚ custom plastic parts‚ and plastic fan parts. Each
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