Gap Analysis: Riordan Manufacturing Riordan Manufacturing is faced with some issues, challenges and opportunities to increase their sales and profitability, improve employee satisfaction, and improve their customer relationships in an effort to help them remain competitive in the marketplace. In this research an analysis will be conducted to evaluate the situations that face Riordan Manufacturing. This analysis will identify the issues and opportunities, explore the stakeholders’ perspectives
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and includes four phases; financial planning, forecast based planning, externally oriented strategic planning, and strategic management (Greenberg, 2013,2010, 2005). It is a step by step process that clarifies organizational objectives and anticipated end results with a method of evaluation, providing a picture of the future based on current trends and forces that might influence the organization (Ahoy, 1998). There are five compelling reasons for Riordan Manufacturing to develop a strategic plan
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Riordan Manufacturing Strategic Plan Why is strategic management necessary? Strategic management, and business policies are essential for organizations to gain competitive advantage within their respective markets. Organizations like Riordan Manufacturing implement policies, and procedures to provide structure, and standardize operations in efforts to maintain proper control of production, inventory, and logistics. Developing a strategic plan focuses on the need for planning, roles of ethical and
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Cynthia Gernertt ACCOUNTANT-PEER E-MAIL TO ACCOUNTING DEPARTMENT From: Beth Riordan Manufacturing <beth@riordanmfg.com> To: Accounting Department Cc: John Subject: Status of Due Diligence Investigation All Concerned - Just an update on the DD report, everything went out as planned, the return data request included a checklist that covered the following areas; corporate matters, financial statements, tax/governmental reports and compliance, personal property, contracts and
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Riordan Manufacturing Service Request BSA/375 March 17, 2014 Riordan Manufacturing Service Request Key Stakeholders The first stakeholder of importance is the person submitting the service request, Hugh McCauley, the Chief Operations Officer (COO) of Riordan Manufacturing. Because the new system will build on the current system initially implemented as part of the financial system, the Chief Financial Officer (CFO), Dale Edgel, should be the second key stakeholder (Riordan 1, 2013).
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“Riordan Manufacturing Riordan Manufacturing is a worldwide plastics manufacturer employing 550 persons with projected yearly earnings of $46 million. The company is entirely owned by Riordan Manufacturing Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion.” (Baihaqi, 2009) Riordan has a corporate office located in San Jose, CA this office includes both the research and development departments. Riordan also has a plant located in Albany, GA which produces their plastic beverage
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Technology Offshore Outsourcing Plan for Riordan Harry Alston, Jason Breedlove, Habeeb Rahman CIS/568 July 29, 2012 James Linn Riordan manufacturing has placed a service request for all manufacturing locations to gain an overview about all existing software applications in finance and accounting, sales and marketing, human resources, operations, legal and information technology
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Riordan Corporate Compliance Plan LAW531 Professor John Huschen May 23, 2011 Riordan Corporate Compliance Plan Riordan Manufacturing is part of Riordan Industries; the company currently has around 550 employees and is worth $46 billion. “The company was founded by Dr. Riordan, a professor of chemistry, who obtained several patents relative to the processing polymers into high tensile strength plastic substrates” (Apollo Group, 2006). Dr. Riordan’s desire to become a successful business
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Introduction There currently is not a comprehensive view of the existing and needed business systems of Riordan manufacturing (Smith Services Consulting Inc., 2011). The management of Riordan Manufacturing has submitted Service Request SR-rm-012 – Business Systems to have Smith Consulting create a summary of the business systems needed for effective management. Technical Team Bravo will begin with an overview of the current systems that exist in the areas of Finance and Accounting, Payroll and
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Accounting Systems Various accounting systems has affected Riordan Manufacturing Inc. started with the sales and marketing. The sales and marketing department investigates sales that are filed in many databases, paper records, and some in microfiche. Members of the sales force maintain their own set of customer records using variety of tools. Some use paper documentation, others sales management software (Act) and others a hybrid. The company will need a new integrated sales database, management
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