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Business Research Project

In: Business and Management

Submitted By onlineshopping
Words 3184
Pages 13
Business Research Project: Riordan Manufacturing
QNT/561

Abstract
Riordan Manufacturing is subsidiary of Riordan Industries, Inc., which is a leading global manufacturer of plastic containers, parts, and electrical fans (Apollo Group Inc., 2013). The company attempts to maintain adequate quantities of completed electrical fan units in their stock in order to meet the customer demand, however, its on-time deliveries average only 93% due to an insufficient number of completed fan units. Riordan stocks all the necessary raw materials needed to assemble the electrical fans readily available in their manufacturing plant except for the fan motors, which are fulfilled by an outside supplier. Therefore, Riordan Management is asking why meeting the demand is inconsistent with the current fan motor supplier as manifested by their 93% on-time delivery and claim the company's on-time delivery to increase with new a supplier. In this business research project, Team C will investigate and examine the validity of Riordan Management's claim.

Formulation of the Research Problem
Managerial decision-making is very crucial in the long-term success and failure of organizations, which ultimately influences a great deal of individuals in both microeconomic and macroeconomic senses. The successes of industry leaders such as Apple, Google, and Amazon and failures of Enron, AIG, as well as the financial meltdown of the 2008 can all be attributed to managerial decision-making that affected many on a global scale. The effectiveness of the managerial decision-making relies heavily on business researches or relevant information available as a guide at the time of decision-making. According to Cooper and Schindler (2011), business research is a process of planning, obtaining, analyzing, and in turn distributing the relevant data, information, and insights to guide managers (p.4).

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