Preview

Riordan Finance and Accounting Overview

Good Essays
Open Document
Open Document
789 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Riordan Finance and Accounting Overview
Riordan Home Page: In the Home Page of the Intranet site for Riordan Manufacturing it shows that this company employs more than 550 employees around the world. Their earnings are projected to earn annually around $46 million dollars and they have their headquarters set in San Jose, California. In their facility in Albany, Georgia they produce their plastic beverage containers while in Pontiac, Michigan they usually make their custom plastic parts. In their headquarters they keep their research and development teams as part of their global work.
The home page does an adequate job of relaying some of the main points of the company. However there are some points missing. The current systems in place do not allow or express in a holistic manner how the disparate information on the home page coalesces into a coherent and complete picture of the Riordan Manufacturing Company.
Under Mission, Our Focus we should include ways in which we strive to meet our goals in an ethical and moral way. Under Our Employees we should have a links to employees benefits site along with ways in which the employee can provide added value to the company through a program that captures employee input for improving processes throughout the company.
Incorporating Customer Relationship Management (CRM) software, which also doubles, as a portal for employee benefits could be a possible solution to empower employees to be more knowledgeable about the benefits they have in addition to submitting ideas for new opportunities, process improvement and other ways the company can improve.
Riordan Finance & Accounting Site:
The Finance and Accounting page contains the way they control their finances in very different systems that really are not connected with one another. Their 3 main entities in the United States use different financial management systems that send their results to their corporate office in San Jose, California. In San Jose they have a complete ERP Manufacturing, distribution and

You May Also Find These Documents Helpful

  • Better Essays

    Riordan Manufacturing was founded by Dr. Riordan, a professor of chemistry who started Riordan Plastic Incorporated in the year 1991. At first, the company’s main focus was on research and development along with licensing any and all Riordan Manufacturing’s current patents. In 1992 Dr. Riordan bought a fan manufacturing plant in Pontiac, MI. and had the plants name changed to “Riordan Manufacturing, Inc.” In 1993, Dr. Riordan bought another manufacturing plant in Albany, GA and the company expanded into the production of plastic beverage containers. In the year 2000 is when the company took its most recent expansion to China, moving the fan facility from Michigan to China. At which time all parts and tools were switched out to accommodate the custom plastic parts company. Riordan Manufacturing currently employs 550 workers in four different locations and earns approximately $46 million yearly. Some of its products include but are not limited to:…

    • 2054 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    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.…

    • 2831 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Riordan Manufacturing is a global plastics manufacturer that was founded by Dr. Riordan in 1991. Dr. Riordan obtained several patents that later turned into commercial applications that developed his company in to a Fortune 1000 enterprise, employing 550 people with projected earnings of $46 million dollars and over $1 billion in revenues. In 1993 the company expanded from high tensile strength plastics and fans into producing plastic beverage containers. The company’s latest expansion was in 2000 when it opened operations in China. Riordan Manufacturing is the industry leader in using…

    • 3105 Words
    • 13 Pages
    Best Essays
  • Satisfactory Essays

    Bsa310 Week 2 Team

    • 546 Words
    • 3 Pages

    Riordan Manufacturing is a global plastics manufacturer with 550 employees. The corporate headquarters are based in San Jose, CA, and its plants are located in Georgia, Michigan, and China. The company is owned by Riordan Industries. Its projected earnings are $46 million, and it holds revenues in excess of $1 billion. It manufactures plastics such as plastic beverage containers, custom plastic parts, and plastic fan parts.…

    • 546 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Riordan manufacturing is a global plastics manufacturer that has a total of four locations, one in China, and the remainder in the United States. Riordan Manufacturing corporate office and the Research and Development center are located in San Jose, CA. One of the plants is located in Albany, GA that manufactures beverage containers. Another plant is located in Pontiac, MI. This plant manufactures specialized plastic parts. The last location of Riordan Manufacturing is located in Hangzhou, China. This plant specializes in creating specialized plastic fan parts. Riordan Industries Inc. is a fortune 1000 organization that profits over one billion dollars per year. Riordan Industries employ over 500 people with combined earnings of over 46 million dollars per year. (Apollo group, 2013)…

    • 1604 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    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 (Riordan Manufacturing, 2013). The plastics that Riordan produced include beverage containers, custom plastic parts, and plastic fans which are made in three different facilities in Albany, Georgia, Pontiac, Michigan, and Hangzhou, China. Their corporate headquarters resides in San Jose, California where they conduct research and development. Riordan’s customers include automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers.…

    • 1253 Words
    • 4 Pages
    Better Essays
  • Best Essays

    Cis/207 Team Final

    • 4177 Words
    • 17 Pages

    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 year. The U.S. Department of Defense rounds off Riordan’s primary customer basis in conjunction with aircraft and automotive manufacturers in addition to beverage makers.…

    • 4177 Words
    • 17 Pages
    Best Essays
  • Good Essays

    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 (Riordan Manufacturing, 2012).…

    • 634 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Riordan Manufacturing Company is an organization that manufactures plastic parts globally. With manufacturing plants in Georgia, Michigan, and China, Riordan employees well over 500 people and bring in projected annual revenues around $46 million. Riordan has a diverse customer base and services various industries such as automotive, aircraft manufacturers, the department of defense, beverage makers, and appliance manufacturers. The company 's research and development is done at the corporate headquarters in San Jose.…

    • 1134 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The overall objective is to create a new system to track employee benefits and report details to employers and employees about these benefits. The outcome is to have a centralized location for all benefits.…

    • 337 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Warren Buffet once said, “Price is what you pay. Value is what you get.” With a company that has over five hundred employees, four locations worldwide, and $50 million in annual sales, placing the value on the organization is simple; look at the bottom line and see the profit. This is the situation at Riordan Manufacturing where the price it paid to do business was less than what it made, defining a clear value in what Riordan provides. Riordan’s Sales and Marketing department has a clear value; $50 million is sales to show of it. But how do we show the value for other departments within the organization such as Information Systems (IS) and Information Technology (IT) solutions? While the IS and IT costs and what Riordan pays for it are clear from looking at the financials, the value is not. This brings us to the question of what value does Riordan Manufacturing get out of its IS services and IT department.…

    • 7000 Words
    • 28 Pages
    Good Essays
  • Powerful Essays

    Riordan Manufacturing an international plastics manufacturer employs 550 personal and has estimated annual earnings of $46 million. Riordan Manufacturing has a plant in Albany, GA that produces plastic beverage containers, a plant in Pontiac, MI…

    • 3278 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    The McDonald’s Corporation and the Riordan Manufacturing Company are both main industry leaders in their own field. One major competitive advantage that each company has in common is differentiating their products. Each company has a variety of items that meets the need of their consumers. The three companies sell both nationally and internationally.…

    • 1106 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Office Admin

    • 817 Words
    • 4 Pages

    Riordan Manufacturing is a plastic mold injecting company. Riordan Industries is the current owner of Riordan Manufacturing. Evidentially, they are global leaders in their industry and continue to show improvements, that will, hopefully, ensure a life-long profitable company. With such a large company it is easy to drift away from important standards that…

    • 817 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Swprs

    • 340 Words
    • 2 Pages

    Located on MATERIALS for week 5, click there, then click on business and chose the Riordan Company. When enter there click on Intranet and you will find a lot of information about this company there. If you have any question text me or call me.…

    • 340 Words
    • 2 Pages
    Satisfactory Essays