Riordan Manufacturing Financial State

• Review the intranet site for Riordan Manufacturing including Human Resources – Organizational Charts, Employee Files, etc., and Sales & Marketing –

Riordan Manufacturing Future is must be focused in maintaining and achieving reasonable profitability to assure that the human capital and financial is available for sustained growth. Riordan Manufacturing Employees will maintain an innovative and team oriented working environment. By assuring that theirs employees are well informed and properly supported, they will provide a climate focused on the long term viability of theirs company.” (Bai, 2009)

Riordan Manufacturing is one of the global leaders in the field of plastic injection molding owned by Riordan Industries. The company employing 550 people with projected annual earnings of $46 million. The corporate headquarters and research and development are located in San Jose, CA. The various manufacturing plants are located in Albany, GA, Pontiac, MI and Hangzhou, China. The company customers include some of the top automotive manufactures, airplane manufactures. From the company financial

We welcome the opportunity to partner with Riordan Manufacturing. Together we can make the correct IT investments that will grow Riordan into a $50 million dollar revenue business that stands out among its competitors. The stage will be set to obtain an even greater revenue stream as Riordan's

Riordan Manufacturing Company is a successful company specializing in plastic molds. They have been in business for over 14 years, employing 550 personal and are considered to be a Fortune 100 company. Dr. Michael Riordan, a chemistry professor, founded Riordan industries. They gross over 46 million a year and have revenue of over 1 billion. There facilities are located in San Jose, California, Albany, Georgia, Pontiac, Michigan, and Hang Zhou, China. Some of their major buyers consist of automotive pats manufacturers, aircraft manufacturers, department of defense, beverage makers, bottlers, and appliance manufacturers.

A short time ago the company stretched out internationally after opening operations in China in 2000. The fan manufacturing reposition from the MI plant to China and the MI plant underwent retooling to move into design plastic part manufacturing. Currently, Riordan Manufacturing products consist of plastic beverage containers produced in Albany GA, custom plastic manufacturing in Pontiac MI, and plastic fan parts created in Hangzhou China. The Research and Development is done at the corporate headquarters in San Jose, CA. The majority of customers entail automotive parts manufacturers, beverage makers and bottlers, appliance manufacturers, aircraft manufacturers, and several high-level government contracts.

One recommendation is that Riordan should update their information systems to improve on documentation of customer needs assessment. This will help to shape products and solutions that will fit their customer needs. It also can help to improve communication within the supply chain between participants as they are a global operation and perhaps cut costs in the area of carrier costs. Implementation of the JIT can help manufacturers to purchase and receive supplies just before they are needed. Thus it can reduce inventory storage costs for Riordan.

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

Riordan Manufacturing is a global plastics manufacturer and a leader in the field of plastic injection molding. This paper will provide a brief background history of the company, some identified core values, ratio analyses, a variance analyses on the companies financials, an analysis of the current accounting systems and recommendations on providing appropriate communicative and data gathering software for the future accounting systems.

Riordan Manufacturing is a manufacturing company that manufactures plastic. All companies must have some sort of information system, along with different types of hardware and software. Businesses need good information systems in order to ensure that their records are accurate and complete.

Riordan Manufacturing is an international plastics manufacturer with revenues in excess of $1 billion. The company's primary stakeholders consist of Riordan Industries, a Fortune 1000 enterprise, who founded the company in 1991. The company has experienced rapid growth since its organization. The organization's current headquarters are in San Jose, California with many other a facility located Georgia, Michigan and is even expanding to China. Projected earnings for the company are greater than $46 million with a

The current environment, for Riordan 's departments, is requiring increased labor in order to process information. The slow consolidation of the operational processes of two divisions with different operation software has become a financial threat to Riordan Manufacturing. Each of the divisions lacks modern technology that is needed to run a highly efficient corporation. Therefore, there is not enough information being shared between customers, sales, finance, manufacturing, and management. The upgrades will make their performance consistent with more rapidly and more efficient company locations; corporate headquarters,

After reviewing the existing hardware and software being utilized, I have concluded that Riordan Manufacturing must make changes to some hardware, software, and procedures affecting IT to be able to meet it 's current goals and expectation. To be able to do this, Riordan Manufacturing must upgrade outdated equipment, upgrade unsupported operating systems and applications, and consolidate databases and increase productivity.

Riordan Manufacturing has discovered a disturbing trend that has indicated that many of the employees are dissatisfied with immediate supervisors, department managers and local executive managers, who have failed to communicate and supervise in a professional manner. Employee low morale has begun to affect the productivity of the manufacturing company. Many experienced and talented workers have left the company voicing various reasons in exit interviews. Some of these workers have left without giving the company any type notice to quit employment with Riordan Manufacturing. Many of these workers have been discovered working for many of our competitors. This is a risk that must be addressed immediately. Riodan has invested time, training and money to develop many of the workers skill sets that had made them valuable to the company. Riordan manufacturing has been directly impacted by this risk because many of the products that they have produced recently are of low quality and our production levels are extremely low beyond the standard manufacturing levels. A new project has been initiated to address the risk issues involved low employee morale and product quality and quantity.

In measuring the companies’ liquidity we examine the current and quick ratio. The current ratio is an indication of a