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…
Riordan has a mission to become an industry leader in the use of polymer materials to help provide solutions concerning customer goals and requirements. Better Customer Relationship Management (CRM) is necessary for Riordan to affirm resolute provisions to long-term customer needs. Riordan’s definitive goals are to guarantee positive and affirmative customer production, advance general quality standards, and evade customer drawback. Further facets undertake to sustain company growth going forward. Riordan’s can only achieve its goals by increasing profitability to benefit finances and human capital. Employees should be well informed and supported to reduce retention so that the viability of the company is realistic. All Riordan plants link to corporate headquarters via Wide Area Network (WAN), but upgrades are necessary within the company’s IT infrastructure to ensure that Riordan Manufacturing gains the confidence of its clientele and acquires more trade in the future.…
Riordan Manufacturing is an industry leader in its field and is committed to providing its employees and business partners with efficient and professional service. The hardware, software, and processes that make up Riordan’s Human Resource Information System (HRIS) pose a major obstacle to its continued success and aspiration of becoming a green company. In response to these challenges with its current HR systems, Riordan has initiated a project to plan for the upgrade and integration of its human resource systems. Riordan is hopeful that the proposed HRIS will be a major improvement by providing an integrated human resource information system that is scalable, maintainable, and upgradeable to grow with the company.…
Operations and Logistics- Logistics team analyze production schedules and determine inbound and outbound logistics needed for assigned plants as well as direct and coordinate program activities with vendors and customers. Logistics team also schedule inbound and outbound shipments, compute freight rates, and direct and coordinate activities of international operations. The Warranty Service team receives records and distributes work orders to service crews upon customers’ requests for service (Apollo, 2004).…
Last week our group researched and discussed two companies that have many competitive advantages in common with Riordan Manufacturing. After discussing, we decided that the commonalities could all be related to one of three main advantages. Theses advantages are:…
Riordan Manufacturing did maintain the same amount of current assets between both of the reviewed years. The current assets are a worthy representation of the company’s ability to keep and maintain profits. The stockholders will mostly be interested in this line as it is a respectable judge for the potential for growth of the company.…
Riordan Manufacturing can improve the innovation and sustainability of business operations in the United States and in the global market by continuing to focus on their above and beyond customer service that keeps the customers loyal to them. They can also continue to provide products that are better than the competitor. Having a high quality product and a demand for it from repeat customers will help to sustain level of sales and get more customers when they are recommended by those that they already sell to.…
Riordan Manufacturing vision is “Focus on achieving and maintain reasonable profitability to assure that the financial and human capital is available for sustained growth.” To achieve the vision Riordan manufacturing mission is to become industry leaders in using polymer materials to provide solutions to customer’s challenges. Riordan’s management team is developing a consultant tem to create a new focus on creativity and innovation (Riordan Mfg., 2013). Team A will assume the role of consultant team for the Riordan and identify the internal and external drivers of innovation for Riordan. Also, describe how innovation, design, and creative thinking may benefit Riordan in terms of meeting its organizational objectives.…
Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions.…
Riordan Manufacturing wants to improve innovation and sustainability of business operations both in the United States and in the global market. An executive team at Riordan researched other companies including Nike to decide on the most effective competitive strategies to employ for attaining this goal. Below is a report of the findings that include which competitive advantages Riordan has in common with Nike. Based on the commonality between the companies is a recommendation of which competitive strategies will allow Riordan to move forward. The team explains why these competitive strategies were selected and estimate how they might affect sustainability of long-term organizational performance. Finally the team explains how the global market affects the business strategy of Riordan (University of Phoenix, 2013).…
Riordan Manufacturing, Inc. an industry leader in the field of plastic injection molding was founded by Dr. Riordan, a professor of chemistry in 1991. The company is now an “industry leader in the field of plastic injection molding” (Riordan, 2008). They have state-of-the-art design capabilities and created innovative plastic designs that have earned international…
Riordan manufacturing has developed as a producer of plastics as well as foam-based products. Listed below is a quick analysis of the company using liquidity, profitability, and solvency ratios. The analysis is accompanied by vertical and horizontal analysis of the balance sheet and the income statement. This examination gives anyone inquisitive a good picture of the company’s performance. The research reveals the company’s financial positions and also a good way to determinate the company’s financial…
Riordan Manufacturing has three operating entities Georgia, Michigan and California plus a joint venture in the People's Republic of China. Basically, the operating entities each have their own Finance & Accounting Systems and they provide input that is consolidated at Corporate San Jose. The basic components of each system are as follows:…
The company’s customers consist of appliance, automotive parts and aircraft manufacturers along with beverage makers, healthcare services and the Department of Defense. Customer demands increased the demand for a larger production of plastics and as a recognized Fortune 1000 enterprise; Riordan requires to stay competitive in a constantly changing business by use of the latest technology.…
Riordan Manufacturing (Riordan) is an industry leader in using polymer materials to produce plastic products with projected annual earnings of $46 millions. Riordan has plastic manufacturing plants in Albany, Georgia, and a custom plastic plant in Pontiac, Michigan. Also, there is a plastic fan manufacturing plant in Hangzhou, China. Riordan also conducts research and development at the headquarters in San Jose, California, (Apollo, 2006). The high demand for materials used in producing plastic products is very important towards Riordan’s development. To develop the current materials ordering system, a database plan is necessary for the use in Business-to-Business websites that will allow Riordan to order materials via the web from its vendors. This database plan will assist Riordan with ordering materials online from its vendors, increase its annual revenue and stay competitive.…