Premium Essay

Riordan

In: Business and Management

Submitted By j69plus1
Words 545
Pages 3
Riordan Manufacturing
Team A
University of Phoenix
Strategic Management
MGT\498
William Etherton
July 17, 2013

Riordan Manufacturing
Riordan Manufacturing is a worldwide plastics manufacturer employing 550 persons with projected yearly earnings of $46 million. The company is entirely owned by Riordan Manufacturing Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Riordan is well established locally and nation-wide, although they are based out of San Jose Riordan has a manufacturing plants in China, Georgia and Michigan. Every company no matter how well it is doing professionally as well as financially always has room to grow and better themselves. Riordan has thought of different ways to remain competitive in an ever-dynamic environment, Riordan Manufacturing must stay current with the latest technology, recent developments in the industry, and attend to the needs of its customers. After telecommunications and data networking systems require an upgrade to a better support of the company’s recent and future growth needs, long-term relationships will be required by maintaining rigorous quality controls, innovative solutions, reasonable pricing, and a responsive business attitude. (B, 2009) Riordan Manufacturing will strive to be a solution provider for their customers and not be a part of theirs customer’s challenges. Future is must be focused in maintaining and achieving reasonable profitability to assure that the human capital and financial is available for sustained growth. (B, 2009)
Riordan has many similarities to the company Nike. Both companies have made changes throughout the years to stay competitive in their respective markets. Like many international companies Riordan and Nike both have manufacturing plants in China. Having the production done in other countries can reduce cost greatly.
The competitive…...

Similar Documents

Premium Essay

Riordan

...provide three key explanations on Riordan Manufacturing. These items are explanation of the network’s fundamental characteristics and components; an evaluation of the current network topology; description of the standards application to this project. * Riordan Manufacturing network consist of four locations that interconnect with each other by WAN. There is the Corporate Headquarters, China Headquarters, Albany, GA, and Pontiac MI office. The Corporate Headquarters and China Headquarters are connecting via satellite. The two Headquarters location are using 1000baseT as their backbone. With the Albany, GA and the Pontiac, MI office their connection to the outside networks are thru T2 connections. All office connects with LAN using switches. The Albany, GA and the Pontiac, MI office use 24 port switches. The two Headquarters use satellite thru a switch and a VoIP router. According to "Networking Fundamentals" (1992-2013),”Typical Networking Fundamentals topics include WAN technologies, basic security and wireless concepts, routing and switching fundamentals, and configuring simple networks” (para. 1). * Riordan Manufacturing has a current network topology. According to "Network Topology" (1999-2013), “In communication networks, a topology is a usually schematic description of the arrangement of a network, including its nodes and connecting lines” (para. 1). There are many different topologies which include bus, star, token ring, and mesh. Riordan Manufacturing is four......

Words: 531 - Pages: 3

Premium Essay

Riordan

...Description Riordan Manufacturing Company has four locations in Albany, Georgia, Pontiac, Michigan, Hangzhou, China, and San Jose, each with unique operation needs at each location. Procedures are similar throughout the company but are executed differently. The inventory management and control is separated into three separate areas: Raw Materials Receiving; Manufacturing and Inventory; and Final Product Shipping. (Apollo Group, 2005-2008). Each of the four plants has a designated receiving area where raw materials are received. The shipments are then compared to a weekly scheduled order report as the shipments come in. When the orders are received they are entered into the inventory system. The staff is responsible for completing inventory usage reports which are entered into the inventory systems as raw materials are being used. The staff member then enters the manufactured products into the inventory systems as those items are being produced. Consumers can submit a sales order form, which is entered into the Customer Shipping and Billing System; this will then create an order shipping document. The inventory clerks can then update the inventory system based on the shipping documents. (Apollo Group, 2005-2008). This may seem to be an effective way of managing a company and its inventory but there is a large room for error and improvement. A large part of the processes is done manually between the inventory systems and the customer shipping and billing system....

Words: 442 - Pages: 2

Premium Essay

Riordan

...Running head: RIORDAN RISK ASSESSMENT Riordan Risk Assessment LAW/531 Jack Tandy Riordan Risk Assessment Riordan Manufacturing currently employs 550 people and is a major player in the global plastics supply. The parent company, Riordan Industries is a Fortune 1000 enterprise and has over $1 billion in excess revenue. Riordan Manufacturing is headquartered out of San Jose, California, and supplies plastics to market verticals such as automotive, aircraft, and the government. Riordan Manufacturing prides themselves on the focus of using polymer materials for customer needs and building long-term relationships with each client. Since the start of the organization in 1991, growth has been a definition of Riordan Manufacturing. Growth is a necessity to any organization, but with growth provides risks that should be assessed. The following discussion, will analyze potential areas of risk within Riordan Manufacturing. The potential risks that will be analyzed include contract, tangible and intellectual property risk, employee risk, along with tort and regulatory risk. Each of the identified potential risk areas could inhibit the ability for Riordan Manufacturing to continue growth and potentially include major decrease in business success. In addition to the potential risk areas, compliance is another factor that needs to be ensured. Sarbanes-Oxley has specific requirements that will require Riordan Manufacturing to meet for continued...

Words: 2254 - Pages: 10

Premium Essay

Riordan

...Riordan Service Request SR-rm-012 Carolyn Powers, Narada Culpepper, Delores Stevens, Mohamed Desouky, Steven Boettcher, Gregory Ganfi BSA 310 Business Systems Due January 25, 2010 University of Phoenix Riordan Manufacturing Systems Service Request SR-M-012 History and Background of Riordan Manufacturing Riordan Manufacturing Inc. began with Dr. Riordan who was a chemistry professor. Dr. Riordan received approval for a few patents that had something to do with processing polymers in to super strong plastic substrates. In 1991 Dr. Riordan started Riordan Plastics, Inc. after he discovered the commercial power and economic benefits of his patents (University of Phoenix, 2004). Riordan took on a direction of paying more attention to research and development. He also made sure he maintained the licenses of those patents he had already obtained. By 1992 Dr. Riordan, through venture capital investments, purchased a fan manufacturing company. The fan company was in Pontiac, MI. in which he also changed the name of the company a second time to Riordan Manufacturing, Inc (University of Phoenix, 2004). By the year 1993 Riordan Manufacturing expanded its operations to another manufacturing plant in Albany, GA. This plant was responsible for producing plastic beverage bottles. The most recent expansion project by Riordan Manufacturing, Inc. was back in the year 2000 when Riordan Manufacturing, Inc. went global. They moved manufacturing operations for the......

Words: 3985 - Pages: 16

Free Essay

Riordan

...Riordan Manufacturing Company is a successful company specializing in plastic molds. They have been in business for over 14 years, employing 550 personal and are considered to be a Fortune 100 company. Dr. Michael Riordan, a chemistry professor, founded Riordan industries. They gross over 46 million a year and have revenue of over 1 billion. There facilities are located in San Jose, California, Albany, Georgia, Pontiac, Michigan, and Hang Zhou, China. Some of their major buyers consist of automotive pats manufacturers, aircraft manufacturers, department of defense, beverage makers, bottlers, and appliance manufacturers. E - Business presents a great opportunity to and organization to increase sales and enter into a much larger market. Today's world is ever changing and adapting to change especially in business means success. Of course nothing comes easy and there are not only many changes that are implemented but legal issues that must be sorted out. E - Business deals with much more than just selling, there are contracts, negotiations, etc. Many people feel that E - Business not only has a major impact on the way we do business but will dramatically change the way we do business. There are many different problems and laws pertaining to E-business that cause problems. It seems as if more and more there tend to be problems surrounding copyrights, trademarks, patent, and domain names. Litigation is one of the tools used to value the intellectual......

Words: 735 - Pages: 3

Premium Essay

Riordan

...internal dynamics along with cultural and structural leadership of the organization. These components have been identified as critical success factors, which are essential for the success of the organization. Riordan has an organizational structure that classifies it as a hybrid functional/divisional structure. The organization should move toward a matrix organizational structure to promote cohesiveness across the organization. Riordan will benefit from employing this type of organizational structure because it will give the company the flexibility it needs to continue growing, diversifying, and expanding. Some of the specific advantages of this type of organizational structure include improved ability to access resources across the functional and divisional units, faster decentralized decisions, increased communication and coordination across the business as well as better coordination on shared technologies across the organization. Riordan must ensure that managers adopt strong leadership roles. Managers as leaders must also ensure that all employees understand what role they play in achieving organizational goals and objectives and how important their contributions are to the success of the organization by focusing on establishing open communication. Leaders at Riordan will also be responsible for motivating employees as well as ensuring the effective allocation of resources. Managers may accomplish these goals by establishing reward systems that directly relate to......

Words: 574 - Pages: 3

Premium Essay

Riordan

...Riordan Manufacturing will use a repurposing method by adding a shrink wrap machine in the middle of the assembly line this will increase productivity by eliminating the movement of packaging to other departments. This new process will save time and money by shipping the fans out faster to the buyers. The old process transferred items to different departments that decreased time by stopping the process by moving the items. It required an additional person to move the fans manually the old way that required extra labor. Repurposing will increase the assembly process and make it more efficient and quick. Repurposing will allow labor cost to go down because employees will be reduced by three employees saving the time bringing items needed closer and connecting packaging and assembling in the same line. A full-time inventory stock employee will be needed to make sure all items are available when needed to restock. The restocking will be done when items reach a certain level and in a timely manner. The current process required additional labor to move the items but this process will decrease the labor and hours it takes to get the fans through the assembly line. The packaging department will be eliminate and added to the assembly line. A bar code sprayer will print bar codes on each package after it goes through the shrink wrap machine. These new changes will help the current process with time, labor, and money. The current process transferred fans from the assembly line to......

Words: 336 - Pages: 2

Premium Essay

Riordan

...Riordan, China Relocation This is an evaluation of the organization, clarity, tone, writing style and my reaction to the Riordan Manufacturing Inc. memorandum for China relocation. The memo does not start off with a proper introduction. This can be fixed by rewording the introduction to state the reason for the memo more clearly. The discussion section of the memo is hard to follow and does not itemize the increases in production. This can be fixed by stating the increase in volume from “this too this” and state the savings that have been shown. The discussion does not use short and concise sentences and has no effects to keep a readers interest. To fix this you could use graphs to show the production volume increase and the savings that could be had using the shipping companies. The use of situations was nice, but the sentence structure is long and uninviting to read. Suggestion is to use shorter more concise statements and shorter situations. The conclusion statement is too long and does not “thank” the people in the company nor does it give a directive action. The conclusion should be shortened and used to thank the people reading the memo or giving a directive action requiring the move by a certain time. The whole memo is too long and should be kept to one page. This will be accomplished by taking the suggestions listed above. The memo is not very clear in its intent and should be changed starting with the introduction, by providing a clear intent to the content......

Words: 374 - Pages: 2

Premium Essay

Riordan

...Abstract Riordan Manufacturing is located in Georgia, Michigan and California with an additional site in the People’s Republic of China. Each location manages his or her individual Finance & Accounting Systems. All sites provide their information which is consolidated at Corporate Headquarters in San Jose, California. Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. There will always be areas of improvement when a company this size continues to expand. The company currently would like to build a stronger relationship with its customers. In order to succeed, the companies marketing efforts need to be expanded to a wider customer base. Riordan Manufacturing also needs update and control their inventory and manufacturing processes. Aligning all sites to use the same databases and network application systems to share data would be a good business improvement as well. Strategic Plan Development Summarize the Mission and Vision Statement, and Identify the Strategic Objectives The nature of a business is often expressed in terms of the Mission and Vision statements which indicate the purpose and goals of the business. Mission Statements and Vision Statements can be thought of as the foundation or the building blocks of the business. It tells the consumer what kind of business they are in and what it is all about. Riordan Manufacturing has a strong mission statement that helps convey the......

Words: 1569 - Pages: 7

Premium Essay

Riordan

...Riordan Manufacturing Website Evaluation Riordan Manufacturing Inc. is an internationally known and respected plastics company. They are an innovator when it comes to plastic injection molding. They are based throughout the United States and abroad. With all that this company has accomplished, it is astonishing that they have not brought their website up to the same standards. When first visiting Riordan’s home page, it appears bland and seems as if it was created by a novice web designer who used a website template. The overall appearance is not welcoming to the site’s users and its white background and lack of content makes the homepage next to lifeless The internet home page gives the user a brief description of the company and some contact information. There is a list of some of the products Riordan supplies, but that is it; it is just a list. There is no description of the items. No links that takes the user to pictures of the items. No links that takes users and/or customers to an ordering catalog or even an on-line ordering system. The only upside to the home page is that they have three pictures and a banner that makes the page somewhat bearable. When the user travels to the intranet there is just a banner and three sections of the home page The three sections include a brief description of Riordan Manufacturing with a bit more details than the internet nom page, their mission statement, and a history of the company. To the left of all of that there are several......

Words: 316 - Pages: 2

Premium Essay

Riordan

...Running head:   Human Resource System Executive Summary In 1992, Riordan Manufacturing Inc., implemented and established human resource information system (HRIS), which was included as part of a financial package. The HRIS package included functions such as maintaining personnel information, pay rate and tax information, hire and seniority dates, vacation leave for non-exempt employees, and organizational information. However, certain areas of the HRIS could be improved upon and developed. One area that needs improvement is the network communications between headquarters and all the Riordan plants. Improvements are also needed in central repository, resume storage, maintaining training and knowledge skills information, online employee user interface, and a central location for updating and maintaining employee personal and professional information. Improving the current HRIS activities would be advantageous to Riordan leadership and their employees. Hugh McMCauley, the COO for Riordan Manufacturing requested that the human resources (HR) system be analyzed to integrate the existing variety of tools in use in the present day to a single integrated application. The request will take advantage of a more sophisticated look for information systems technology in the HR department at Riordan Manufacturing. After the project is to be completed, Riordan Manufacturing will then be left with a detailed project plan that will provide a list of tasks, resources, schedule and budget......

Words: 3888 - Pages: 16

Premium Essay

Riordan

...Riordan Manufacturing Outsourcing Plan Introduction Riordan Manufacturing (RM) is an established global plastics producer, which employees 550 individuals and their projected annual earnings are $46 million. RM has production divided among three plants. RM’s mission is to focus on achieving and maintaining profit that ensures that the financial and human capital is available to sustain growth. In week three, team C established four potential outsourcing options. Of those four potentials, RM stands to gain the most potential from outsourcing customer relationship management (CRM). This could cover service, sales, and marketing. Services that will be provided include the call center support, field support management, e-Service, campaign management, sales forecasting, account management, and pipeline management. Outsourcing will assist with new government required reporting requirements. CRM will assist RM for future outsourcing projects such as switching over to compatible systems for finance and accounting. Situation Analysis RM is recognized for their innovation and providing customers with new products. An outsourcing plan pertaining to CRM has been established below. The success of the project will be measured by the performance measures; customer satisfaction, marketing, and employee retention. Outsourcing Plan Based on research by RM they have created a cost-effective recognition program that is aimed at motivating employees, increasing retention, and......

Words: 2424 - Pages: 10

Premium Essay

Riordan

...Running Head: Process Design for Riordan Manufacturing Process Design for Riordan Manufacturing: Inception to Production Planning Writer’s Name Course Name, Semester No, Class Level Supervisor Name September 23, 2009 Introduction The present paper discusses the proposal package for Riordan which handles each step of electric fans from inception to production. It includes the material requirement planning phase of fans being manufactured at the China Plant. There is further analysis of existing process for the production of the Riordan electric fans. It provides the basic outline for designing the new process to remove the bottleneck in the process to optimize it for meeting the demands of customer by supply-chain concepts. Production forecast for the Riordan electric fans is discussed along with implementation plan of Lean Production using Gantt Charts. Finally, cover letter describes the coordination of aggregate operations planning and suggested TQM process to define the strategic objective of the company. The MRP for the Manufacturing of the Riordan Electric Fans The China plant of Riordan Manufacturing is the production unit which applies material requirement planning to meet the time-phased requirement of material for assembled units or fan production operations. Raw materials are collected at receiving departments. These are processed to make it suitable for molding departments. The molded unit acts as input for trimming......

Words: 1823 - Pages: 8

Free Essay

Riordan

...Riordan Manufacturing, Inc. Corporate Compliance Plan Law 531 January 24, 2012 Prof. Dunn MBA, JD Riordan Manufacturing, Inc. Corporate Compliance Plan Compliance Recently under the “Responsible Officer Doctrine”, the law has reacted against unethical officers and directors by making them potentially liable for their decisions. Implementing a Corporate Compliance plan will protect the company as it complies with federal law in an effort to monitor its commitment to upholding values and mission statements. The management team will also promote ethical commitment throughout management and operations. Since Riordan may be affected by government contracts law, participation in the Medicare and Medicaid program, and environmental law, Baker states that it is imperative to implement such plan immediately. Although unlikely, the company also faces threats from changes in intentional violation of copyright law and RICO claims rooted on espionage (p. 1). Riordan Manufacturing As Fortune 1000 international industry leaders in plastic manufacturing, Riordan must implement a plan that will protect help protect its assets and investments. With an impeccable research and development team consistently exceeding expectations the company has managed to use its patented polymer material technique to help customers solve evolving needs for innovative products. With rigorous controls and reasonable pricing the company has had success in manufacturing plastic bottles...

Words: 1162 - Pages: 5

Premium Essay

Riordan

...Riordan Manufacturing Strategic Plan Executive Summary Riordan Manufacturing Incorporated has seen success over the last few years. At Riordan, staying profitable has not been an issue. To stay competitive within their industry the organization wants to promote growth, but because of a performance gap, which is preventing Riordan from achieving more revenue and accomplishing specific monetary goals by 2013, this new strategic plan in developed. Team B recognizes the dilemma, found an objective, explored options, and recognizes the ideal solutions. The issue is how to bridge the performance gap with a purpose to increase revenue from $40 million to $50 million by 2013 (Apollo Group, Inc., 2006). Through a SWOT analysis and further research, Team B realizes that there are options available to overcome and take advantage of this area of opportunity. To reach the long and short-term goals of Riordan, a differentiation focus is the most beneficial competitive strategy to manage threats, trends, and opportunities. The differentiation focus will make sure to dial in on specific endeavors on total quality improvement and expediential growth in the markets of the United States and China. The company strengths are a synergistic team and ground-breaking research and development. Riordan also needs to take advantage of the booming health care field and provide plastic products that meet the needs of clients in the health care industry. By focusing on the improvement of......

Words: 2927 - Pages: 12