...Riordan Manufacturing: Supply Chain Design OPS/571 November 9, 2015 Riordan Manufacturing: Supply Chain Design: Riordan Industries is a Fortune 1000 company founded by Dr. Riordan in 1991. Riordan is a global plastics manufacturer that employs 550 people. The company has projected annual earnings of $46 million and continues to be the industry leader for the electrical fan; accomplished by several factors outlined. The first is the benefits of the production strategy outlined by the flow diagram and performance evaluations. The second benefit is their supplier relationship that impacts the supply chain including location, performance, and improvement strategies by those suppliers. The third benefit is Riordan’s lean production principles that maximize the efficiency of the electric fan's supply chain process. Riordan’s has a strong commitment to their future and focuses on this in their mission statement. The company must focus on maintaining reasonable profitability, which will help assure the necessary financial capital is available for continued growth ("Riordan Manufacturing," 2015). To meet this, they will need to continue to forecast from both the business perspective and sales. This management team has developed the aggregate production plan, master schedule, and materials requirement plans with emphasis on the inventory requirements of the fans components, finished goods, and the appropriate inventory system. Riordan Manufacturing Strategy Riordan’s...
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...Team B Week Four: Supply Chain Design OPS/571 March 4, 2014 Team B Week Four: Supply Chain Design Riordian 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...
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...Riordan Manufacturing’s Supply Chain Design OPS/571 August 3, 2015 Riordan Manufacturing’s Supply Chain Design Introduction A company’s supply chain design is crucial in helping to understand what the key activities and drivers are to the results produced which includes operational results, sales results, and financial results. An efficient supply chain will help a company to both efficiently and effectively produce a quality product to meet and satisfy customer demand. The key aspect involved in the design of a supply chain begins with a manufacturing strategy that will be the method of executing the plan. Next will be the understanding of the process flow by developing charts of how inputs and resources are transformed into outputs. A crucial component in evaluating a process flow is the use of key indicators and metrics to benchmark performance. Lean principles will provide a framework for process performance. Next a company must evaluate their relationships with their suppliers and understand how they affect the supply chain as this is the first step required with any successful supply chain. Then lastly sales forecasts and aggregate planning will be used to help define the requirements to meet demand. An evaluation will be conducted on a specific company to show how each of these components are implemented into the design. The company that will be evaluated is Riordan Manufacturing. Manufacturing Strategy Riordan Manufacturing produces plastic beverage...
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...Supply Chain Design Paper Riordan Manufacturing Riordan Manufacturing Inc., was formed in 1991 and is a global plastics manufacturer. The manufacturer’s locations are in Albany, GA, Pontiac, MI, Hangzhou China and the company’s headquarters is in San Jose, GA. The manufacturer has over 550 employees and it is owned by Riordan industries. Major customers are automotive part manufacturer, aircraft manufacturer, the Department of Defense, beverage makers and appliance manufacturers. Riordan’s Manufacturing Strategy Riordan Manufacturing uses a level strategy in production planning and scheduling. They use this kind of strategy because there are a lot of benefits. Employees have stable work hours, therefore scheduling become easier to compute. The stable workforce strategy varies the output by changing the number of hours worked through flexible work schedules or overtime (Jacob and Chase, 2011). Employees learn their specific work in standardized processes therefore the production is easy to forecast at any given time. Riordan Manufacturing makes products based on an average continued sales forecast of three years. (Riordan Mgf. Operations - Supply Chain (Hangzhou, China), 2014). This keeps a small inventory for the demand fluctuation. Other components of a level strategy are consistent scheduling which arranges a predicted amount of goods for production based on the total demand for products and maintaining stable workforce surpluses that can accumulate where there is a low...
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...Supply Chain Design Paper – Learning Team D OPS/571 Riordan Manufacturing is one of the largest plastics manufacturers in the world. Riordan’s mission statement states that it’s focus is to “Six Sigma, leading edge R&D and exceeding ISO standards” (Riordan Mfg. Internet, home page, 2014). Riordan’s fan manufacturing operation is located in Hangzhou, China. Team D will evaluate the Riordan’s fan manufacturing supply chain design and perform a comprehensive evaluation of the operational effectiveness of the supply chain. Manufacturing Strategy Riordan’s Intranet states, that the Hangzhou plant bases its forecasts by “taking the average of sales for the last three years and extrapolating it into the next year” (Riordan, Operations, Hangzhou, China, 2014, p. 1 para 4). Riordan’s use of this approach has lead to a 93 percent on-time delivery rate. Team D believes that the information regarding Riordan’s manufacturing strategy, taken from the firm’s intranet website is an indication that it employs a “Stable Workforce-Variable Work Hours” production planning strategy. This strategy varies the number of hours worked through flexible work schedules or overtime to match the production quantities to orders” (Jacobs & Chase, 2011, pg. 534). It helps assure that the workforce has continuity which helps with employee morale. It is extremely important for employees to feel secure in their work environment. Many workers face everyday pressure on their jobs and in their personal...
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...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 establish standards of efficiency and an adequate median to accommodate for the product demand. The Supply Chain Cycle Time and Inventory Analysis will be evaluated to measure the efficiency of the electric fan supply chain. Analysis and improvements of the Supply Chain Cycle Time and Inventory Analysis can result increase the competitive advantage of Riordan with other businesses in the industry. The analysis of the Supply Chain Cycle Time allows managers to identify the time to fill a customer order in the absence of an existing inventory. A short cycle time may be a strong indication of an efficient time to manufacture the product. The time needed to meet the demand of customers is essential to establishing a customer base and increasing revenues. Products must be manufactured within sufficient time to meet the demand of customers to avoid cancelled orders and excess inventory. Riordan manufactures standard and custom bottles based on an annual contract consisting of quantities forecasted...
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...Strategic Plan: Riordan Manufacturing MGT/498 October 2013 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 social responsibility, current competitive advantages, innovation, sustainability, internal dynamics, influence of business continuity, and assessment, and feedback. The following discussion details a strategic plan for Riordan Manufacturing. Topics include areas of environmental scanning, strategy formulation, strategy implementation, evaluation, and control. Riordan Manufacturing Effective Strategy Guidelines Riordan Manufacturing is focused on what really matters, the bottom-line performance and long-term healthy survival of its organization. Now that Riordan Manufacturing has implemented an effective competitive strategy it must evaluate and measure its performance. Measuring its performance is critical to the success of Riordan Manufacturing. By implementing an effective measurement guideline, it would help Riordan Manufacturing in tracking the progress against its goals and objectives; identify areas of improvement;...
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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 social responsibility, current competitive advantages, innovation, sustainability, internal dynamics, influence of business continuity, and assessment, and feedback. The following discussion details a strategic plan for Riordan Manufacturing. Topics include areas of environmental scanning, strategy formulation, strategy implementation, evaluation, and control. Riordan Manufacturing Effective Strategy Guidelines Riordan Manufacturing is focused on what really matters, the bottom-line performance and long-term healthy survival of its organization. Now that Riordan Manufacturing has implemented an effective competitive strategy it must evaluate and measure its performance. Measuring its performance is critical to the success of Riordan Manufacturing. By implementing an effective measurement guideline, it would help Riordan Manufacturing in tracking the progress against its goals and objectives; identify areas of improvement; and ultimately compare performance against both its defined...
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...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 that cannot be replaced by the technology. The current Warehouse Management Systems still rely on a ton of manual functions, such as data entry. After reviewing the Riordan's Inventory Management and Control Procedures, it was determined that a more efficient technology system could bring vast improvement in these areas. The Radio Frequency Identification technology could relieve meaningless data entry while providing a better security of Riordan’s inventory and equipment. What is an RFID system? The Department of Homeland Security defined RFID technology in 2012, “Radio Frequency Identification (RFID) technology uses radio waves to identify people or objects. There is a device that reads information contained in a wireless device or “tag” from a distance without making any physical contact or requiring a line of sight.” The RFID works as an automated data collection (ADC) technology. Some have suggested that this technology has begun to replace the traditional method of identifying...
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...Strategic Plan Paper Since its inception 1991 Riordan has been an industry leader in the injection mold industry. Dr. Riordan had a vision when he opened the first plant in Michigan, and his vision was growth, innovation, and to always meet his customers needs. His vision was the driving force for Riordan’s strategic plan in the 90s and early millennia just as it is today, but the scope of his vision has grown into new marketing arenas and will need refining if it is to keep Riordan growth rate and financial success at its current level (Riordan, 2013). With the expansion of Riordan into China as well as the retooling of existing plants for custom plastic injecting has changed the internal dynamic of Riordan and both internal and external strategies will need to be adjusted to maximize production and marketing potentials. Riordan’s Strategic Plan The Future Strategic Planning is a widespread development for shaping a business into what it will become and how to achieve the goals in a systematic way. Riordan manufacturing needs a strategic plan to become the top industry globally to manufacture plastic in injection molding. Strategic management process is strategies, decisions, and actions define by a company to determine the performance of the organization. The components Riordan needs to succeed in business are (Wheelen & Hunger 2010). The use of Environmental Scanning, Strategy Formulation, Strategy implementation, Evaluation, and Control. It includes gathering of information...
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...Riordan Manufacturing Business Plan BSA/310 Riordan Manufacturing Business Plan Overview Riordan Manufacturing creates plastic designs and makes plastic products through a custom use of plastic injection molding. A few major customers who purchase materials from Riordan are automotive parts manufacturers aircraft, the Department of Defense, beverage makers and bottlers, and appliance manufacturers . Currently, Riordan Manufacturer has three plants located in Pontiac, Michigan; Hangzhou, China; and Albany, Georgia. Each plant supplies specialized products to customers. Riordan’s corporate headquarters is in San Jose, California and is also the location for the company’s research and development. With the popularity of these high-tech designed products Riordan is increasing in sales and growth. Riordan Manufacturing’s global business currently employs 550 people at the four locations. The company projects it will have annual earnings of over $46 million, and because Riordan Industries owns it; a Fortune 1000 enterprise, continued growth, and expansion is likely. To improve management of this profitable and growing company; it needs to review existing business systems. This review will show the current system including: finance and accounting, sales and marketing, human resources, legal, and operations. After this review has been accomplished; recommended business system and subsystem needs will be addressed...
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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 Manufacturing: Descriptive Framework Paper COM408 Riordan Manufacturing: Descriptive Framework Paper Introduction Since its inception 1991, Riordan Manufacturing has been a leading global plastics manufacturing agent. Cornering the markets of plastic production in the medical, aircraft, beverage and appliance markets, the organization is always seeking innovative ways to improve and expand its operation. It leadership team understands the importance of focusing such energies on both internal and external excellence. In this descriptive framework, I will outline the internal and external mechanisms including marketing and communication systems, which contribute to its ongoing success. People Employees. One of Riordan’s most valued assets is its workforce. The company boasts highly diverse, committed, and talented personnel who take pride in their representation of Riordan to clients, stockholders, and the public at large. The staff of over 500 works in an open and supportive work environment where team participation and information adequacy and flow are strongly emphasized. Clients. Riordan serves some of the biggest names in the automotive, aircraft beverage, and appliance manufacturing fields. The organization maintains influential and positive relationships with clients through the implementation of rigorous quality controls, innovative solutions, and responsive business attitude and reasonable pricing”...
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...Strategic Plan Paper Strategic Plan Paper Riordan Manufacturing recognizes the fact that they are an industry leader in plastic injection molding and supplier of plastic medical devices. Riordan also recognizes that they are not progressing in the industry as they would like. Recognizing the need to create better value products which will increase sales is the first step in this plan for sustainability. Riordan needs to obtain new customers. In order to do this, they must predict customer needs, become familiar with global changes, create better relationships, and secure sustainability. Gaining a competitive edge by utilizing newer technology will help reduce costs. After a closer look at the structure of Riordan, it is believed that several shortfalls exist between the relationship of goals and reality. Riordan is urged to consider the following strategic plan which outlines structure, plan goals, implementation, and evaluation. Riordan Manufacturing is a state-of-the-art plastic industrial company that specializes in plastic injection molding and innovative designs of plastic products and packaging. Because of their progressive thinking and innovative products, Riordan’s has now established a reputation as one of the world’s leading plastic manufacturers as this global enterprise now employs over 500 employees worldwide (University of Phoenix, 2012). In 2000, Riordan’s manufacturing undertook major expansion efforts and because of those efforts, you can now find Riordan’s...
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...Riordan Manufacturing Wayne D. Lewis, Kylie Guillotte, Michael Schuldaski, Robert Phelps University of Phoenix Riordan Manufacturing Riordan Manufacturing owned by Riordan Industries is a Fortune 1000 company and a world leader in using polymer materials to provide solutions to major businesses in the automotive parts manufacturing industry, aircraft manufacturing and the Department of Defense. Riordan Manufacturing is dedicated to being a leader in research and development (R&D) while setting the trends within the industry by the hiring and training of qualified personnel focused on creating a strong long term relationships with customers by providing solutions that meet their needs. This focus must be maintained to ensure the success, profitability and continued growth of Riordan Manufacturing as an industry leader. Riordan Manufacturing corporate headquarters is in San Jose, California with plants in Albany, Georgia, Pontiac, Michigan and Hangzhou, China. The company acquired several of its assets through planned expansions and acquisitions. This growth has left Riordan Manufacturing with three separate operating organizations in Georgia, Michigan and California. There is also a joint project with the People’s Republic of China managed of the Hangzhou facility with its own operational and financial concerns. Each organization operates on different finance and accounting. This is one of the challenges Riordan Manufacturing faces with the financial and accounting departments...
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