Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Riordan - Essay Example

Comments (0) Cite this document
Riordan is an established company involved in the manufacture and distribution of plastic designs that are manufactured through the use of plastic injection molding. In addition to having offices and factory installations in the United States, the company owns an additional manufacturing facility in Hangzhou, China, with which the company is able to meet the demands of the markets in Asia and Europe…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
Read TextPreview

Extract of sample "Riordan"

Riordan is an established company involved in the manufacture and distribution of plastic designs that are manufactured through the use of plastic injection molding. In addition to having offices and factory installations in the United States, the company owns an additional manufacturing facility in Hangzhou, China, with which the company is able to meet the demands of the markets in Asia and Europe. Sales, surveys, production, and budgets, have been identified as possible areas of improvement. However, the improvement of the manufacturing process meets business requirements most.
Profits have decreased in the past couple of years causing stakeholders to be leery of investing anymore money into the company. The decrease in profits is due to poor inventory control and lack of effectiveness in the manufacturing process. Besides, Riordan has a goal of reaching a $50 million revenue mark in the next two years it will take the best and most up-to-date software available to ensure the inventory is properly kept and improve the manufacturing process.
Improving the manufacturing process can enhance product quality, reduce manufacturing costs, and increase efficiency. The best way to improve the manufacturing process is to automate the inventory system. Currently, the system in place is as follows. Firstly, the raw materials are removed out of inventory. The manufacturing staff then completes an inventory worksheet that indicates the type of materials removed from the inventory and informs the inventory clerk, who enters the information into the inventory system. Next, the manufacturing process begins. The manufacturing team completes the form throughout the manufacturing process. Lastly, when the finished goods have been completed, the inventory clerk is given the inventory for the final product and enters it into the system. (Riordan Manufacturing, Virtual Organization, 2004)
A more accurate and efficient way to input inventory is to install a computer at each station. As the raw materials are taken out to the manufacturing staff, they are checked out of inventory at that time. Barcodes should also be used in place of manual data entry. Considerations have to be given to the relocation to Shanghai and security issues. The benefits would be accuracy of data input, proper electronic tracking of and easier access to inventory systems, and cost savings in terms of less manpower.
In conclusion, to meet the business goals of Riordan to tighten inventory control, improve the efficiency in the manufacturing process, and increase revenue and profits, the automation of the inventory system is recommended. The areas affected by the new system will be the inventory clerk and the manufacturing team. Specifically, the automated inventory system includes computers at every station and barcodes. The installation of computers at every station allows inventory information to be entered into the system as soon as the raw materials leave the inventory. This tightens the control of inventory. Barcodes prevent data entry errors and reduce manpower, improving efficiency, revenue, and profits. Read More
Cite this document
  • APA
  • MLA
(“Riordan Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Riordan Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Riordan Essay Example | Topics and Well Written Essays - 500 Words)
Riordan Essay Example | Topics and Well Written Essays - 500 Words.
“Riordan Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Lean Production at Riordan

...achieve high-volume production using minimal inventories of raw materials, work-in-process, and finished goods. Parts arrive at the next workstation “just in time” and are completed and move through the process quickly. Lean is also based on the logic that nothing will be produced until it is needed... Production need is created by actual demand for the product. When an item is sold, in theory, the market pulls a replacement from the last position in the system—final assembly in this case”. Riordan can have a set number of bottles, valves, fans, etc. When one is exhausted by a sale, a new one is created. Only the minimum amount of inventory to allow this to happen is necessary, which lets Riordan save on overhead and pass that savings...
1 Pages(250 words)Essay

Riordan Corporate Compliance Plan

...Compliance Plan is on the accountability of the officers and directors of Riordan Manufacturing. The officials and the directors of Riordan are obligated to comply with all state corporation requirements, the Articles of incorporation, and its By-Laws. This is crucial as it entails for maintaining harmonious working relationship in the company, minimise conflicts arousal and in case they arise should be tackled in the best way possible. (ii) Legal Liability of Riordan Administration Looking at the Board of Directors and the Chief Executive Officer (CEO) at Riordan Industries, their dedication and commitment towards ensuring high ethical standards, as well as compliance...
8 Pages(2000 words)Essay

Problem Solution: Riordan

... up a workforce that manages its multicultural workforce in the most excellent and effective way possible (Guthrie, 2012; Yang et al., 2009; Tan & Snell, 2002; Dunfee & Warren, 2001; Chua et al., 2008; Richter, 1994; McCabe et al., 1993) . Situation Analysis Issue and Opportunity Identification The Hangzhou operations had met with some level of success, to a level where Riordan had come to the realization that there is business merit in expansion. The expansion has proceeded in the form of a new plant, and it was found feasible to acquire an existing plant likewise in Hangzhou, and to convert the plant and make it ready operationally to complement the initial facility and start producing for Riordan. While the facility and the issues...
6 Pages(1500 words)Essay

Riordan Corporate Compliance Plan

..., household item producers, defense, bottlers, aircraft, and even software companies. The entire vendor management and human resource management systems that Riordan uses in its various branches in the United States are with an Oracle system. The Vendor management and the HR management system are available on the Riordan website and almost all the processes are done including, placing the orders, tracking the order, accepting delivery, and process management. The management system automatically delivers e-mails to the relevant persons once a transaction gets generated through the e-mail engine. The Riordan Corporate Compliance should be created and approved by the senior management or...
8 Pages(2000 words)Essay

Riordan Corporate Compliance Plan be accompanied by communication. Once the relevant information about the risks has been identified, it has to be effectively communicated to the rest of the employees. In addition, Riordan Manufacturing will have to establish clear communication in order to ensure effective risk management (COSO, 2004). For instance, in the case of enterprise liability, the company has to ensure effective relationships with the community, in order to ensure that it minimizes its liability. After effective communication has been identified, the company will then have to monitor different sections of its operation that will require change or modification in order to ensure proper risk management (COSO, 2004). Enterprise Liability...
8 Pages(2000 words)Assignment

Riordan Manufacturing

... to work at all the company's facilities in a secure manner allowing the various facilities to run and manage the software system in an integrated and collaborative manner. Riordan is also desirous of maintaining financial data in all its forms in the new system as allows the management of the company to keep track of budgets and costs at all times requiring minimal effort. The company feels the need for the development of the new system given the changing trends that are taking place on a global basis in addition to rising inflation, labor costs and interest rates as also the reduction in the Gross domestic product of the economy of the United States, which is why it feels necessary to initiate cost-cutting strategies. Riordan caters...
2 Pages(500 words)Essay

Execitove Summary for Riordan Manufacturing

... and Marketing, Human resources, Finance, Product Support and Information Services. Each operating entity of Riordan Manufacturing has its own Finance and Accounting System, however compliance with new Government reporting systems has proved to be a costly, labor intensive process. Another problem faced by the Company is in terms of the F&A systems compatibility among the various entities, so that part of the data generated is relegated into hard copies involving labor intensive, costly work. These are two of the most significant problems the Company faces, for which effective solutions must be developed. Sales and Marketing: Riordan has 15 to 20 major, regular customers for its products, of which the U.S. Government is one, with several...
2 Pages(500 words)Essay

Riordan Gap Analysis

... goals in order to perform a gap analysis of Riordan Manufacturing. Situation Analysis Issue and Opportunity Identification Consequently, changes within the company have left Riordan to cope with a mass of challenges. Current changes have led to a decline in morale, work ethics, and employee retention. The consistent two-year regression means that the company has to focus on increasing sales and profit, aligning the staff, reducing turnover rates and increasing job satisfaction. The R & D department has the challenge of developing three new products to meet the following year. The strategic choice at the function level is “how should total compensation help gain and sustain competitive advantage” (Milkovich & Newman 2004). The company...
6 Pages(1500 words)Essay

Corporate Compliance Plan for Riordan Manufacturing, Inc

...obligations but for the public limited company or the limited liability company that is not the case. Even if the company is limited as Riordan Manufacturing is assumed to be, the officer’s liability would include the following: Increasing personal liability Increasing prosecutions Violation of environmental laws Sarbanes-Oxley Act The liabilities of the directors and the officers in any public limited company in the United States are guided by Sarbanes – Oxley Act. Sarbanes – Oxley Act was enacted in the year of 2002 in order to check financial scandals and scams in the western economies like that of Enron and World Com. The law is also known as Public Company Accounting Reform and Investor Protection Act or SOX, in...
5 Pages(1250 words)Case Study

Riordan Gap Analysis

... packages that are based on the value preference of these different groups. Conclusion Riordan is moving in the right direction. It can easily achieve all its goals and vision by using common sense and improving its human resource and operations management. The task is difficult but not impossible. References Lee, H. W. (2005). The factors influencing expatriates. Journal of American Academy of Business, 6(2), 273-279. Retrieved January 29, 2005, from ProQuest databass McShane, S. L., & Von Glinow, M. (2004). Organizational behavior: Emerging realities for the workplace. New York: The McGraw-Hill Companies. Stevenson, W. (2006). Human Resource Management. New York: Prentice Stimpson, J and Borrington, W. (2003). Business Studies. Oxford...
4 Pages(1000 words)Essay

Human Resources - Riordan Problem Solution Paper and Defense Riordan Manufacturing with a view of proposing the most effective measures of solving the company’s human resource problems and thus enabling it to maintain its competitiveness within the market. The analysis of the current situation at Riordan including stakeholder dilemmas is presented within the paper. An end state vision is also given for the company with identification and analysis of its alternative solution. The paper further recommends the optimal solution and an evaluation of results. Situation Analysis Issue and Opportunity Identification Issue Opportunity Reference Concept Poor compensation Riordan has an opportunity of increasing the compensation of its employees in...
16 Pages(4000 words)Essay

Production Plan for Riordan Manufacturing

... in an attempt to assure that human and financial capital is available so as to encourage growth in the company (Riordan Manufacturing The company is a manufacturer of plastics and it employees more than 550 people and it has a projected earnings that is equivalent to $46million. The company is owned by Riordan industries which have a total revenue base that is greater than $ 1 billion. The products that are manufactured by the company include beverage containers that are plastic, customized plastic parts and fan parts that are made of plastic. The company operates 3 entities that are based in Michigan, California and Georgia and a joint venture that is based in china. The operating entities have systems...
4 Pages(1000 words)Essay

Riordan Manufacturing

... delivery or customer access is kept and goods delivered to the quantity set by the company. This document outlines ways Riordan Manufacturing can distribute its products even with the Huffman Trucking on the slacking process. The five-year contract entered with Huffman Trucking restricts Riordan Manufacturing from exiting the contract before its expiry; they therefore have to continue with them even with their delays costing them. Riordan still pressure Huffman on the delivery process in a different way. They have to set a certain limit of shipments which must be met by the Huffman Trucking in a given period. Failure to meet this limit, the company can sue Huffman or even exit the contract. This would keep Huffman on toes and ensure...
1 Pages(250 words)Case Study


... transfer, and ordering of products, services or information. For Riordan, E-business considerations include identifying organizational requirements which in this case include reduction of costs and to promote growth and profits. The company also focuses on exceeding ISO 9000 standards and leading in R&D while offering innovative solutions and establishing long term relations with customers. In establishing long term relations with clients located in different geographic locations like Vancouver and New York where the company is not present, long term relationships with this customer and others will be required (Yasin, Czuchry, Gonzales, & Bayes, 2006). Additionally, having introducing e-business will mean creation of new markets since...
4 Pages(1000 words)Essay

Riordan Company

...Riordan Company Affiliation Riordan Company Riordan Company is a global manufacture of plastics and for that reason, it is important for the company to choose the best mode of transportation to ensure that their supply chain remains constant. Additionally, it is important for them to keep their clients happy by delivering the products within the stipulated time. A good mode of transportation ensures that there is efficiency and responsiveness, which are the most vital elements in business. However, being that the products are transported between different places and different stages within the supply chain it is important to understand its efficiency (Wolf, 2008). For example, faster transportation helps the supply chain to be more...
1 Pages(250 words)Essay

Information Processing System of Riordan Manufacturing

Currently, financial information is not available until 20 days after the close of a financial period. The four locations all use different accounting systems and much of the data needs to be converted before being consolidated in the home office at San Jose. San Jose currently has a fully integrated Windows ERP system and it is recommended that the locations in Georgia, Michigan, and China investigate moving to a compatible system.

The sales and marketing departments have not kept pace with available information technology and the historical information on sales and marketing research is a piecemeal system that is outdated. The service request should recommend that all salespersons be put on the same sales software to...
2 Pages(500 words)Assignment

Integrated Accounting Cycle in Riordan Manufacturing

... is created. The accounting cycle has five types, namely: a) revenue cycle (includes the sales orders and the cash receipts), b) expenditure cycle (encompasses inventory and purchasing, accounts payable, payroll, and cash payments), c) conversion or production cycle (handles the production and cost accounting), d) financing cycle (involves borrowing and repaying, issuing stock, dividends, and cash management), and e) fixed assets cycle (includes the asset acquisition, depreciation, and disposal) (Wiki Answers). Information system can be utilized in an accounting cycle to improve accounting processes. The revenue cycle of Riordan Manufacturing, designer of plastic injection moldings, will exemplify the role of IS in the system development...
7 Pages(1750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Riordan for FREE!

Contact Us