Riordan Manufacturing Business Systems Analysis
Riordan Manufacturing Business Systems Analysis Dr. Michael Riordan, a professor in chemistry, acquired several patents relative to processing polymers into high tensile strength plastic substrates. He knew there was a market for commercial applicants for his patents after so he started Riordan Plastics, Inc. in 1991 at the age of 45. Today, Riordan Manufacturing, Inc., owned by Riordan Industries is a Fortune 1000 enterprise with revenues in excess of $1 billion. They employ 550 people and have projected annual earnings of $46 million. Riordan Manufacturing has locations in San Jose, California, Albany, Georgia, Pontiac, Michigan and Hangzhou, China. Research and development is done at
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Organizational Structure The organizational structure of Riordan Manufacturing is seen below in figure 1. [pic]
Figure 1
Finance and Accounting System Riordan Manufacturing has three manufacturing plants located in Georgia, California, and Michigan plus a joint venture in the People’s Republic of China. Currently, each has a separate finance and accounting system. Their information is sent to the Corporate Office in San Jose where is combined. Basic components of each finance and accounting system include: • General Ledger • Accounts Payable • Accounts Receivable • Order Entry • Procurement • Sales and Purchasing History • Invoicing and Shipping • Payroll • Financial Reporting • EDI (San Jose only) • Bar Code Reading (San Jose Only) • EDSS (Executive Decision Support System)
Currently, the finance and accounting system used at each location is not compatible with each another. The Corporate Office in San Jose has a license for a fully integrated Windows based ERP manufacturing, distribution and financial management software application specifically designed for plastics processors and process and assembly manufactures. The license does not include application source code. The plant in Michigan had purchased a vendor
Riordan Manufacturing is an international plastics manufacturer that currently employs 550 people with projected annual earnings totaling approximately $46 million. The company is completely owned by Riordan Industries which is a Fortune 1000 enterprise with revenues of up to $1 billion. The company’s merchandises consists of plastic beverage containers that are produced at its plant in Albany, Georgia; custom plastic parts are manufactured at its plant in Pontiac, Michigan; and plastic fan parts are created at its facilities in Hangzhou, China ("Riordan Manufacturing", 2013).
Riordan manufacturing is a very large company with facilities in many locations around the World. With any company with this size Riordan must have a system in place that is able to keep track of significant amounts of information. Such as Employee names, time sheets and a variety of other important information. This system should be able to have a central location so that stores all of this information and can be accessed not only by the corporate office but at each location as well. There are many functions that a new and improved system should provide. Such as inventory control, tracking of shipments into and out of the warehouses, and the receiving of such items to our costumers. These requirements are essential to the growth of Riordan Manufacturing.
Riordan Manufacturing is a global plastics manufacturer with facilities located in: Albany Georgia, Pontiac Michigan, Hangzhou China, with a research and development department located in San Jose California. This establishment has produced an annual earning of forty-six million dollars. Riordan Industries, which is the sole owner of Riordan Manufacturing, is a Fortune 1000 enterprise with revenues in excess of one-billion dollars.
Subsequently Riordan Manufacturing proposes to have higher levels of inventory that allows them in effectively forecasting models for inventory control, production, planning, improving supply chain, and guaranteeing deliveries of Riordan products. Creating a new process design essentially caters for the new supply and demand of Riordan products. Using lean production can help Riordan Manufacturing minimize waste from raw material toward the finished product. Because of the elevated demand for the product, production needs increase (Chase, Jacobs, & Aquilano 2006).
Riordan Manufacturing is a worldwide fortune 1000 enterprise manufacturer of plastics with sole ownership by Riordan Manufacturing Industries. Custom plastic product parts akin to beverage containers and fan parts help generate company revenue of one billion. Riordan development and research carries out at the company’s R&D headquarters location in San Jose, California. Three additional Riordan production plants include locations in Pontiac, Michigan and Albany, Georgia with an international joint venture in Hang Zhou, China. Riordan employs a mere approximate of 550 people with company projections at $46 million a
This proposal has been prepared for Riordan Manufacturing Company by the BSA/375 Learning Team Corporation. We are pleased to provide this proposal and look forward to working closely with members of the Riordan Manufacturing team. After careful analysis and review, we are confident that our recommendations will greatly enhance Riordan Manufacturing and place them firmly in the lead amongst other companies.
Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. There is a plant in Albany, GA that produces plastic beverage containers, a plant in Pontiac, MI that produces custom plastic parts, and a plastic fan parts facility in Hangzhou, China. The corporate office is in San Jose, CA along with the corporations Research and Development Department. Riordan Manufacturing is a subsidiary of the parent company Riordan Industries, Inc. a Fortune 1000 enterprise with revenues in excess of $1 billion (Apollo Group, 2013).
Riordan Manufacturing is a global producer and manufacturer in the global plastics industries and has about 550 people that have a projected annual earning of over $46 million dollars. Riordan has a manufacturing plant located in Albany, GA that is capable of producing plastic beverage containers, another plant that is located in Pontiac MI that is capable of producing custom plastic parts, and another plant located in Hangzhou, China that produces plastic fan parts. The corporate offices and research and development department of Riordan are located in San Jose, California. Riordan Manufacturing is part of Riordan industries Inc.
Riordan Industries, Inc. is a successful Fortune 1000 enterprise with revenues in excess of $1 billion. Our corporate headquarters is in San Jose, California; the manufacturing plants are in Albany, Georgia, Pontiac, Michigan, and Hangzhou, China, which is a joint venture.
With having plastic manufacturer facilities in areas such as China, Michigan, and Georgia; Riordan Manufacturing has produced annual earnings over forty six million. Riordan also has a research and development department over in San Jose California. Riordan Industries are the sole owner of Riordan Manufacturing and they are one of the Fortune 1000 enterprises with their worth being more than one billion. With having facilities in areas all over the US and even China, Riordan proves that they are a successful business.
Riordan Manufacturing should switch to using Microsoft Dynamics CRM. Microsoft Dynamics CRM is a Customer Relationship Management program that focuses on customer records, sales, marketing, help desk, inventory and customer order management, make financial data available for planning and regulatory compliance, automate routine functions so employees can focus on critical tasks, help minimize the costs and complexities of administering salaries, benefits recruiting and performance management, provides greater visibility into aspects of performance factors such as profitability and potential issues, and meet industry-specific needs with functionality for upward business processes (Microsoft, 2013). Specific parts of the software, such as human resources (for payroll, etc.) can be added on an as-needed basis.
A short time ago the company stretched out internationally after opening operations in China in 2000. The fan manufacturing reposition from the MI plant to China and the MI plant underwent retooling to move into design plastic part manufacturing. Currently, Riordan Manufacturing products consist of plastic beverage containers produced in Albany GA, custom plastic manufacturing in Pontiac MI, and plastic fan parts created in Hangzhou China. The Research and Development is done at the corporate headquarters in San Jose, CA. The majority of customers entail automotive parts manufacturers, beverage makers and bottlers, appliance manufacturers, aircraft manufacturers, and several high-level government contracts.
Riordan Manufacturing's China plant is the company's sole manufacturer of the electric fans and related products. The Hangzhou (China) facility represents a joint venture between Riordan Manufacturing and local partner who has expertise in the region. The local partner is responsible for supplying the labor, communication with other local vendors, governments, and regulatory agencies as well as providing a small sum of operating capital. The Riordan team provides the technical and process expertise as well as executive management to the Chinese joint-venture.
Riordan Manufacturing, Inc. was established in 1991 and is a prime within the field of plastic injection molding. The manufacturer’s present locations are in Albany, GA, Pontiac, MI, Hangzhou, China, and it headquarters in San Jose, CA. The brand is 100% owned with the aid of Riordan Industries and has over 550 staff. The customer base for Riordan entails vehicle materials producers, plane producers, division of safeguard, beverage makers, and bottlers and apparatus manufacturers.