...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 quality...
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...I am using Riordan just as a model due to the team’s familiarity. It can be changed if needed. Riordan Manufacturing Riordan Manufacturing is a plastics manufacture founded by Dr. Riordan in 1991. The Company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Over 550 people are employed in three plant located in Albany, Georgia; where plastic beverage containers are produced, Pontiac, Michigan; where custom plastic parts are produced, and Hangzhou, China; where plastic fan parts are produced. The company headquarters and the research and development labs are located in San Joe, California. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers, and appliance manufacturers. Riordan Manufacturing, Inc. currently has projected annual earnings of $46 million. History The founder of Riordan Manufacturing, Dr. Riordan, a professor of chemistry, has obtained several patents relative to processing polymers into high tensile strength plastic substrates. Understanding the usefulness of his patents in commercial applications, Dr. Riordan started Riordan Plastics. Originally; the focus of the company was the research and development of its existing patents, but in 1992, through ventured capital, a fan manufacturing plant was erected in Pontiac, Michigan. Under the new moniker “Riordan Manufacturing, Inc.”, Dr. Riordan broadened his rapidly expanding...
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...Strategic Plan: Riordan Kevin Music, John Beard, Paul Brown, Elza Milivic MGT/498 November 11th, 2013 John Hawes University of Phoenix Strategic Plan: Riordan A strategic plan is an important part of every company that helps to keep each department focused and to ensure long-term success. Ethics and social responsibility play large roles in strategic planning because these concepts are part of the foundation for the strategy and the strategy has a long-term effect on the company as well as any communities that are under the effect of these decisions. The competitive advantages Riordan possesses and careful analyzing of strategy options are important issues that must be near the forefront of the decision making process. The effect each strategy may have on innovation and sustainability in domestic and international domains will vary greatly, which means this effect will be extremely important when making this decision. Measurement guidelines are another area that will vary greatly between every situation, which can lead to difficulty in displaying the strategy’s effectiveness. Riordan has to tailor the measurement guidelines to the chosen strategy to ensure accurate measurement of effectiveness. Internal dynamics, cultural leadership, and structural leadership are important parts of the company and certain parts of the concepts will be useful in implementing the business strategy. The way these concepts influence business continuity is also under scrutiny...
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...Riordan Manufacturer Strategic Plan MGT/498 University of Phoenix Professor James Powell October 29, 2012 Mike Mohler, Kanosha Mitchell, DeUndra Askew, Skye Richey, Joseph Okakpu Executive Summary Riordan’s Plan A fortified company is not known for its success in the short run or best time during a booming economy, but in actuality a fortified company is known for setting different plans in place during the hardest economic periods and still manages to remain profitable during this time. The plan that a company follows throughout with plenty room for upgrades or change is strategic planning. Riordan is company that has benefited from a strategic plan to keep the company goals at the forefront and maintain company values as the company matures and adapts to the ever changing competitive market. As a group, we will focus on explaining different aspects of strategic planning while explaining the need for a strategic plan, and defining the role of ethical and social responsibility for the company. The team will list the competitive advantages of Riordan Company and how constant innovation and sustainability affect domestic and international markets. The team will discuss the measurement guidelines to follow and determine strategy effectiveness, setting internal dynamics with consideration to cultural and structural leadership, influencing business continuity, and finally setting up a strong resolution team to deal with assessments and feedback to improve on the strategic plan of...
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...Riordan Manufacturing Scott Wissel OPS/571 February 24, 2013 Kristina Limon Riordan, a chemistry professor, found some ways to increase the tensile strength on polymers and patented the ideas. Eventually he was able to get some capital and started to manufacture his product. Riordan Manufacturing is a company that has 550 people. They are also looking to have $46 million of projected annual earnings. Riordan Industries owns the company that is a fortune 1000 enterprise that has over $1 billion in revenue. The company produces containers, custom parts, and fan parts all in plastic. This can be seen in any of their Albany, Georgia; Pontiac, Michigan; and Hangzhou, China manufacturing plants. Their Chinese plant was set up as a joint venture between Riordan and small consortium of Chinese nationals. Capacity planning is a strategy that can be used to identify what is needed to produce what is being asked of the business in the way of demand for the goods and services. A capacity plan depends on accurate input and constructive feedback from the planners that supports the company’s long range strategy ("What Is Capacity Planning?", 2013). The market for fans and custom plastic parts will be affected by the economic conditions people are facing. Riordan has to take in account the economic impact from their customers and this is crucial in determining the future direction of the company. Riordan must avoid a decrease in the manufacturing of electric fans...
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...Riordan China Report Riordan China Report As a multinational organization, Riordan Manufacturing deals with multiple ethical issues involving corporate social responsibility (CSR). There are a number of serious social issues which affect developing countries as well as large countries such as China and the United States. These issues include the degradation of the environment, collapse of the global financial system, the abuse of human rights, and the improper use of child labor. There are numerous agents (stakeholders) involved in these ethical debates including employees of the corporation, government agencies, NGOs, consumers, and the media (Lopez-De-Pedro & Rimbau-Gilabert, 2012). Riordan Manufacturing is faced with three potential ethical issues in their Chinese operations plant. This paper will address these three issues, as well as possible mitigation plans, implications for the stakeholders, and a recommended course of action for the organization. Issues Raised There are three primary issues raised related to Riordan Manufacturing which will be discussed in further detail: (1) potential water supply contamination issues; (2) worker rights issues at the Yin Motor Company; and (3) child labor law violations. These issues could result in potential fair trade agreement violations, ethical violations, and legal violations for Riordan Manufacturing resulting in high fines, penalties, and a loss of public and consumer trust. The first issue is the potential...
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...Process Design for Riordan Manufacturing Riordan Manufacturing is a “wholly owned subsidiary of Riordan Industries, a Fortune 1000 company” with a projected income of $46 million and around 550 employees (University of Phoenix, 2013). Riordan Manufacturing is a global manufacturer in the plastics industry, including fans, medical devices, and bottles. Riordan Manufacturing strives to meet the increasing customer demands for plastics. The company recently identified some issues with its current production plan, such as the need for technology and the need of timely and shared information among departments, plants, and customers. Riordan Manufacturing has plans to achieve higher capacity ratio, cost-effective transportation, reduced levels of inventory, decreased wastage, and the implementation of an Enterprise Resource Planning. In this study, there will be a review of Riordan Manufacturing’s operational strategy and an addition of the topic of process design to it. “The process design includes the selection of appropriate technology, sizing the process over time, the role of inventory in the process, and locating the process” with quality management as its main focus (Chase, Jacobs, & Aquilano 2006, p. 24). A proposal for a Process Design for Riordan Manufacturing in regard to the electric fans system will be given. It will include Material Requirements Planning for the manufacturing of the electric fans, process design for production, and new supply chain taking advantage...
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...Strategic Plan Katie Hanson, Raquel Martinez, Kirk Carlson, Nicholas Votaw MGT 498 Strategic Plan Riordan Manufacturing is a mid-size American company that was founded in 1991, employs 550 people and has projected annual earnings of $46 million. Riordan has three manufacturing locations, two in the United States and one in China. Riordan understands the importance of strategic planning and will lay out their reasoning in this paper. Competitive advantages, sustainability, innovation and ethical and social responsibilities will be addressed, as well as cultural and structural leadership and assessment and feedback controls. Riordan Manufacturing, Inc. needs strategic plans because Riordan Manufacturing, Inc. is like any other business organization; divided into two governing sections of business operations a management section and a functional section. Strategic planning is conceptual, pragmatic, and can deliver the highest and best results for business decisions and practices. “Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation” (Wheelen, 2010, p. 4). Strategic management possesses four phases that are designed to have business managers’ focus on internal, external, and overall policy implementation of their management systems. The four phases of strategic management are financial planning, forecast based planning, externally oriented strategic planning, and strategic management (Wheelen, 2010). The...
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...Virtual Organization Strategy FIN/370 October 20, 2012 Riordan Manufacturing is a Fortune 1000 company that employs 550 people with projected annual earnings of $46 million dollars. The company was founded by Dr. Riordan in 1991 and subsequently the company name was changed in 1992 to Riordan Manufacturing after Dr. Riordan obtained venture capital to expand the company. The corporate headquarters is located in San Jose, California with additional manufacturing plants in Georgia, Michigan, and China. Products include plastic beverage containers, custom plastic parts, and plastic fan parts. The company is a leader in the industry of plastic injection molding. (Virtual Organization Portal, 2012) Riordan Manufacturing wants to expand operations and they have three options when considering expansion. The three options are going public via IPO, acquiring another organization in the same industry, or merging with another organization. The company must consider the strengths, weaknesses, opportunities, and threats of each option before making a final decision on how to expand. Additionally, considerations on the financial effects of globalization, exchange rate risks, and mitigating the exchange rate risks should be analyzed if the company decides to go international. Strengths Riordan manufacturing is looking for ways to expand their business. They narrowed it down to three options which are going public through an IPO, acquisition of another organization...
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...Manufacturing is a manufacturing company specializing in the production of plastic products and fans. The fan manufacturing plant is located in Hanzhou, China. The manufacturing of the fans is a make-to-stock operation. Future demand for the fans is forecasted based on the average sales of the last three years. Inputs for the production of the fans are acquired locally. The China plant uses the services of a local Chinese shipping company for delivery of goods. The plant uses FedEx or another Chinese shipping company for international shipments. Process flows, performance evaluation metrics, supply chains, lean production principles, and forecasting are all components in maintaining the success of Riordian Manufacturing. Supplier Relationships and the Effects on the Supply Chain Riordian Manufacturing’s plant in Hangzhou, China requires two major inputs for the electric fan production process. The first is high-density polyethylene plastic pellets (HDPE). Not much is mentioned on Riordian’s intranet other than the HDPE is purchased locally. The second major input is the electric motors that power the fans. The motors are produced locally by the Yin Motor Company (YMC). The Yin Motor Company became Rioridan’s supplier due to previous business or family relationship between YMC and Riordian’s partners in China. Rioridan receives the electric motors from YMC already assembled. Rioridan only stocks a small amount of the more popular electric fans to meet warranty...
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...Competitive Strategies of Riordan The decision to begin, enter, or continue with a business venture has a specific amount of risk associated with the undertaking and once begun specific goals and objectives need outlining and measurement devises put in place to confirm the future success of the entity. In a simple form, a strategic plan determines where an organization is going during the year to two years, how it will get there, and if it can reach the objective desired. There is a variety of approaches in a strategic plan but what need the most consideration is the leadership in an organization, organizational culture, and the organizational environment. One manner of ensuring the continuity and attainment of a company is by way of a comprehensive strategic plan in which a business “lays out its future direction, performance targets, and strategy” (Gamble, Strickland III, & Thompson, Jr., p 30, 2006). When crafting a strategic plan the roles of ethical and social responsibility, competitive advantages, sustainability in foreign and domestic markets, measurement guidelines, internal dynamics, cultural and structural leadership concerns, and assessment and feedback controls need consideration to move the company in a direction that promotes longevity of the business. Riordan, a manufacturer and supplier of high-grade plastic products will incorporate each of the individual requirements outlined as well as employing the specific strategies and tactics essential to remain...
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...Supply Chain Design Paper OPS/571 Operations Management Supply Chain Design Paper Supply Chain Strategy, Riordan Industries Supply chains are adapting and upgrading to new technologies around the world. Supply chain management and strategies will be discussed to new hires in Hangzhou, China. Riordan Manufacturing can use the supply chain management theory to help each function in the supply chain connect and become more efficient. Riordan Manufacturing plans to use a competitive strategy and “go green.” Riordan’s customer fulfillment mission is to “strive to be a solution provider for our customers and not be a part of our customer’s challenges” (University of Phoenix, 2013, p. 1). Riordan Manufacturing wants new hires to use process thinking to achieve improvement in business practices and enhance the way tasks are done. Process Flow Diagram Electric fan manufacturing is one of the key sectors of Riordan Manufacturing with its plant located in China. In essence, the company conducts the fan assembly process from within and outsources non-core operations. The motors and plastic polymers are completely assembled and purchased from local Chinese company, whereas the logistics are outsourced to a local shipping company or FedEx. The operations done inside the company only include the creation of individual plastic parts of the fan, the assembly of the parts, packing of the fans, and temporary storage until the fans are shipped to the consumers. The summary of the supply...
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...Currently Riordan Manufacturing is having a challenging time trying to gather all the data that generates from its Finance and Accounting departments. All of the plant locations have different kinds of Finance and accounting systems, which may be the main reason Riordan Manufacturing has a hard time maintaining the data received. The company’s three operating locations each have their own Finance and Accounting systems. The plant in Pontiac, Michigan and the plant in Albany, Georgia feed data to the corporate headquarters in San Jose, California. Riordan Manufacturing also has a joint venture in Hangzhou, China. Although there is no mention of China’s data output on the company’s Intranet site, the company has facilities there that manufactures plastic fan parts. There should be data coming from that headquarters must there but the status of the Finance and Accounting system used in China is currently unknown. Corporate headquarters currently has a license for an Enterprise Resource Planning (ERP) system that is fully integrated and Windows based. It is designed specifically for plastics processing and assembly manufacturers. The ERP software has a financial management application included, along with manufacturing and distribution applications. The license the San Jose location has is from proprietary software, so it does not include the source code. Because the software does not come with a source code there is no way to modify the software for customization purposes. When...
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...Riordan Manufacturing’s network configuration consists of infrastructure within four locations. The headquarters is in San Jose, CA and the other three are in remote in Albany GA, Pontiac MI, and Hangzhou, China. The investigation and detail required to demonstrate transition of WAN from Legacy to current design shows sources for which any problems may exist. Contributing information about the WAN includes the VoIP data router, satellite between headquarters and China, and T-1 connections between headquarters to both Georgia and Michigan. Many new technologies are available to help propel a business forward including Riordan. Many consider VoIP to be a new technology that has provided new uses for telephone systems. It has seen much technological advancement since its inception. In the past, one gave little consideration to transporting voice over data circuits. One currently treats voice traffic, because of its high growth rate, as an important application to be given special consideration. VoIP is a natural progression and has changed how consumers and business use the telephone system. (voip.com, 2006). The voice switches allow connection to analog lines providing a 10/100 Base Twisted Pair (TP) Ethernet connection. With the addition of a VoIP switch, the telephone system provides private dialing, caller id, interoperability with other VoIP systems, and the ability to manage the telephone system over the Internet using a web browser. Features provided with VoIP switch...
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...Riordan Network Design Project NTC/362 November, 2013 Riordan Network Design Project Riordan Manufacturing is a plastics manufacturing company that produces products such as beverage containers, custom plastic parts and plastic fans. Riordan was created in 1991 and was founded by Dr. Riordan. Riordan currently has a location in Hangzhou China and is moving that location to Shanghai China. This document will outline the network design, Project timeline, design approach, detailed design, current network topology, new network topology, security and plans for starting up new location and decommissioning the old location. Network Design Project Timeline Assignment | Timeline | Design Approach | Phase 1-Four Weeks | Detailed Design | Phase 1-Four Weeks | Current Network and Establishing New Network | Phase 2 6 weeks | Security Considerations | Phase 2 6 weeks | Decommissioning Old Facility | Phase 3 4 weeks | Old Equipment | Phase 3 4 weeks | Old and New Employees | Phase 3 4 weeks | Design Approach and Rationale Riordan Manufacturing is currently seeking to move the current location from Hangzhou China to Shanghai China. In order to successfully move the entire location to its new location we will setup the new location and get it up and running before we shut down the current location. In doing so we will need to purchase new hardware and software for the new location and also setup a new firewall...
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