Riordan Manufacturing And Development Of Riordan

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Riordan Manufacturing is a Fortune 1000 enterprise employing 550 individuals and consist of an annual earnings of $46 million along with an excess of $1 billion in revenue. This is being accomplished by the production of plastics in different facilities consisting of: beverages, custom parts, and fan parts. These facilities are located in Albany, Georgia; Pontiac, Michigan; and Hangzhou, China which coordinate with the headquarters that is located in San Jose. The San Jose location is also where the Research and Development of Riordan takes place. These locations create plastic products that are distributed to some manufacturing merchants in the automotive parts, aircraft, beverages and bottlers, and appliances along with providing…show more content…
From there the company expanded again in 1993 to include the manufacturing of plastic beverage containers in a plant located in Albany, Georgia. However, it took some seven years later in 2000 when Riordan Manufacturing, Inc. expanded to include the China location where the fan division was moved to. This is where the manufacturing plant in Michigan was changed over to handle the custom plastic parts and allow the China’s division to handle the plastic fan parts. Within each division of this organization there is a separate operating system for the Finance and Accounting system that was not considered when each one was acquired. This means that each division is working on a system that is different from the other division but has a set of basic components which are: • General Ledger • Accounts Payable • Accounts Receivable • Order Entry • Procurement • Sales and Purchasing History • Invoicing and Shipping • Payroll • Financial Reporting • EDI • Bard Code Reading • EDSS (Executive Decision Support System) The fact that each division has a separate operating system for the Finance and Accounting operating system has created quite a problem in bringing compatibility between them. Depending on the system it can arrive either in a data file, hardcopy that must be entered, or data files that have to be converted to account codes. This makes the statement and balance sheets completed anywhere from 15-20 days after month end making it labor intensive.
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