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
Words: 6988 - Pages: 28
Manufacturing Strategy Shavone Homer OPS/571 June 01, 2015 Professor W. Page Manufacturing Strategy Intro Summary of Concepts TOPIC I: SAM Enter Text Metrics and Supplier Relationship Periodical review of supply chain performance is essential to developing efficient processes to meet the demand for products manufactured by Riordan. Performance evaluations enable managers to benchmark goals, organize workload and analyze cost efficient processes within each phase of the supply process. Metrics
Words: 539 - Pages: 3
Make to Stock Strategy Riordan Manufacturing implements the make to stock strategy in their business. This strategy involves having the manufacturing company match production with consumer demand forecasts. This strategy forecast demand to determine how much stock should be produced. (Jacobs & Chase, 2011). This strategy is beneficial to the company because the fans are seasonal and it allows the company to produce the product during the slow season and can be used during the peak season
Words: 509 - Pages: 3
Global Supply Chain Advantages Paper Lisa Agnew, Heidi Lankford, Renae Pace, Courtney Ray Strategic Supply Chain Management ISCOM 370 Adrian Crystal Martin January 31, 2010 University of Phoenix Online Riordan Manufacturing Supply Chain Riordan Manufacturing is a worldwide manufacturer of plastics. The organization employs 550 people and has projected annual earnings of $46 million. The company’s products include plastic fans and fan parts produced at its facilities in Hangzhou, China
Words: 1268 - Pages: 6
Supply Chain Design Paper OPS 571 February 4, 2014 Riordan Supply Chain Design Report Riordan Manufacturing is a global plastics manufacturer that supplies plastic fan parts, and plastic beverage containers. The products are produced at different plants around the world. Riordan uses level strategy for their employees. This means that the organization manages to keep a steady labor force at a consistent rate. Riordan’s lost sales, backlogs, and fluctuating inventory levels help to eliminate shortages
Words: 2007 - Pages: 9
Supply Chain Design Paper Review: The Riordan Manufacturing Virtual Organization Harlan Gary OPS/571 18 August 2014 Patricia Ford Create a sales forecast for electric fans using selected techniques Riordan Manufacturing sales forecast for the demand of fans is based on 2006 and 2007 average sales for the last 24 months and projections increasing the amount in the third year. The purpose of this sales plan is to help the sales organization prioritizes activities and resources for 2006
Words: 491 - Pages: 2
describe a project proposal for Riordan Manufacturing process. Riordan is the leading industrialist of plastic products and has a customer base in the medical, automotive, aircraft, governmental, supply chain (suppliers to businesses that utilize bottles or appliances). The company has various locations in the United States and globally, with over 550 employees, and provides a range of products and services (University of Phoenix, 2013). Currently, Riordan manufacturing process is outdated and uncoordinated
Words: 818 - Pages: 4
Motorola Solutions RFID System CIS/207 Title of Paper As technology continues to advance on a daily basis, businesses and organizations are looking for ways to become more efficient in their overall production. Technology is changing the way a business once performed its daily operations by relying on IT systems to perform unnecessary manual functions. As more manual functions are being replaced by technology, it is allowing the human aspect of the business to focus more on duties/operations
Words: 3901 - Pages: 16
Service Request SR-rm-004, Part 2 BSA 375 November 15, 2010 Mary Burton Currently Riordan uses a very conventional, antiquated process for inventory management. Most inventory checks are done through a printed form and then handed off to an Inventory Clerk for data entry. This process consumes time and allows room for human error. To enhance the inventory management at Riordan Manufacturing, implementation of a barcode scanning system and Vendor Managed Inventory (VMI) system is recommended
Words: 1192 - Pages: 5
Currently Riordan uses a very conventional, antiquated process for inventory management. Most inventory checks are done through a printed form and then handed off to an Inventory Clerk for data entry. This process consumes time and allows room for human error. To enhance the inventory management at Riordan Manufacturing, implementation of a barcode scanning system and Vendor Managed Inventory (VMI) system is recommended. This system will provide full automation of inventory tracking
Words: 272 - Pages: 2
