Essay about Riordan Manufacturing, Incorporated

The current inventory and purchasing process within the Blozis Company is allowing for inventory to go missing, payments for materials and items received to be missed, as well as the receiving of invoices for payments to suppliers that are not supported by purchase orders. The current processes or lack of processes are not allowing for the proper tracking and accounting of inventory; the control of cost as purchasing discounts are being missed and invoicing is being received and paid for without proper documentation that the items were in fact ordered and received. This lax in documentation and recording of items is also impacting on the ability of each department to remain within budget.

Riordan Manufacturing is a worldwide fortune 1000 enterprise manufacturer of plastics with sole ownership by Riordan Manufacturing Industries. Custom plastic product parts akin to beverage containers and fan parts help generate company revenue of one billion. Riordan development and research carries out at the company’s R&D headquarters location in San Jose, California. Three additional Riordan production plants include locations in Pontiac, Michigan and Albany, Georgia with an international joint venture in Hang Zhou, China. Riordan employs a mere approximate of 550 people with company projections at $46 million a

The growth of the company can only be maintained if all operation parts work simultaneously as a single unit. The goals of the organization must be achieved through accounting and financing systems that have been upgraded. Dr. Riordan a chemistry professor from Albany, Georgia founded, Riordan Manufacturing Inc. in 1993, he created many items that were patented in relations to polymer dispensing. The compounds are high in molecular weight in most cases almost a million units are created into some form of plastic and it is very strong. In the beginning Riordan manufacturing licensed panted and researched its creations Riordan manufacturing was one of the companies that spread through the World Wide Web. In 1993 Riordan plastic changed its name to Riordan manufacturing. The plant received business capital to expand production and purchased a manufacturing plant in Pontiac, Michigan, further expansion took place in the year 2000 and a plant was opened in China. Due to the international Expansion Riordan manufacturing structure has been recognized(Riordan, 2010).

Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. There is a plant in Albany, GA that produces plastic beverage containers, a plant in Pontiac, MI that produces custom plastic parts, and a plastic fan parts facility in Hangzhou, China. The corporate office is in San Jose, CA along with the corporations Research and Development Department. Riordan Manufacturing is a subsidiary of the parent company Riordan Industries, Inc. a Fortune 1000 enterprise with revenues in excess of $1 billion (Apollo Group, 2013).

Riordan Manufacturing is a global producer and manufacturer in the global plastics industries and has about 550 people that have a projected annual earning of over $46 million dollars. Riordan has a manufacturing plant located in Albany, GA that is capable of producing plastic beverage containers, another plant that is located in Pontiac MI that is capable of producing custom plastic parts, and another plant located in Hangzhou, China that produces plastic fan parts. The corporate offices and research and development department of Riordan are located in San Jose, California. Riordan Manufacturing is part of Riordan industries Inc.

Riordan Industries, Inc. is a successful Fortune 1000 enterprise with revenues in excess of $1 billion. Our corporate headquarters is in San Jose, California; the manufacturing plants are in Albany, Georgia, Pontiac, Michigan, and Hangzhou, China, which is a joint venture.

The focus of this paper is to analysis the regulatory measures of Riordan Manufacturing. Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding. With state-of-the art design capabilities, creating innovative plastic designs that have earned international acclaim. Attention to detail, extreme precision and enthusiastic quality control are the hallmarks of Riordan Manufacturing. With facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan and

Riordan Manufacturing Inc. is an internationally known and respected plastics company. They are an innovator when it comes to plastic injection molding. They are based throughout the United States and abroad. With all that this company has accomplished, it is astonishing that they have not brought their website up to the same standards.

Riordan Manufacturing is a privately held company with plant operations in Albany, Georgia; Pontiac, Michigan; Hangzhou, China. The Corporate Headquarters are located in San Jose, California. Riordan Manufacturing is a subsidiary of Riordan Industries. The Chief Operating Officer (COO) is Hugh McCauley and the Chief Financial Officer (CFO) is Dale Edgel. The Company employs a work force of 550 people throughout the four locations.

Investment in the rubber and plastics industry requires serious analysis of a number of key corporate behaviors. To evaluate Riordan’s Finance and Accounting Systems, knowledge of their industry and line of business is necessary. Economic influences affecting their operations and business strategy must be considered as well. An examination of Riordan’s accounting system and modules is provided followed by calculations of their liquidity, profitability and activity ratios. The pecuniary data, along with historical information, is evidence to their

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's network configuration consists of infrastructure within four locations. The headquarters is in San Jose, CA and the other three are in remote in Albany GA, Pontiac MI, and Hangzhou, China. The investigation and detail required to demonstrate transition of WAN from Legacy to current design shows sources for which any problems may exist. Contributing information about the WAN includes the VoIP data router, satellite between headquarters and China, and T-1 connections

After 3 months of extensive research and analyzing Riordan’s business operations and practices, Apollo Enterprises is in a position to present a value-added business solution and recommendations, in an effort to render an efficient infrastructural environment and cost savings; presented respectfully to you, the Sr. Executive Committee of Riordan’s Manufacturing Systems.

This paper will be an analysis of the issues currently affecting Riordan Manufacturing. Riordan is facing an overall issue with low employee morale and motivation for several reasons. Changing its business strategy to team sales and support versus individual sales and support left Riordan with a compensation package not aligned with rewarding a team strategy. Desiring to remain a top player in the market Riordan needs to address several issues with performance review analysis and training implementation. An analysis of stakeholder perspective and ethical dilemmas, goals, mitigation, and implementation of alternative solutions for the problems facing Riordan will be discussed.

Dr. Riordan, a chemist, started Riordan Plastics in 1991 as a research and development company based on patents for creating high tensile strength plastic products. Riordan Plastics added manufacturing operations and became Riordan Manufacturing (RM) in 1992 (Apollo Group, Inc., 2006).