Riordan Manufacturing Executive Summary ABCO Consulting thanks the Riordan organization for allowing us to do this upgrade analysis. A review of the existing infrastructure at Riordan has been completed and the findings are contained in this document. There will be a listing of what was found followed by a proposed upgrade system layout. The scope of this project is to cover the following systems and subsystems and to explain how they all interact one with another. Finance & Accounting Identify and describe existing system: Riordan’s Manufacturing’s Accounting Services division is responsible for overseeing all financial processes within the company. Everything from AR, AP, payroll, General Ledger, purchasing, …show more content…
The Plan: The proposed solution would also allow accountant and other team members to create new processes as: • new clients are brought on board which may have unique demands, • allow for internal, structural changes as Riordan continues to fine-time many of its internal processes which are for the most-part already effective • expedite internal audits processes, reducing the completion time from weeks to days Furthermore, it is our goal to ensure that all of the necessary visibility and metrics currently being used by each department remains as transparent as possible. The ability to manage and view the general ledger, accounts payable and receivable, inventories for each manufacturing vertical and project, and provide these through customized reports that should be not only tailored to each group but they should provide for greater control of the enterprise as a whole without the reliance on individual accounting teams to maintain accuracy and performance of their business units. The following table shows, in brief, the SWOT (Strengths, Weaknesses, Opportunites, and Threats) currently facing Riordan’s Finance & Accounting department:
There are several stakeholders at Riordan Manufacturing to gather requirements from to provide a clear picture of the final project. The first stakeholder to gain input would come from the Chief Operations Officer, he was the requestor of the system upgrade, is responsible for the budget, which includes payroll. The Chief Legal Officer oversees the legal aspects of the human resources programs. The individual human resources managers within the individual facilities are the stakeholders who recruit and handle benefits for employees. Each facility has an accountant that oversees payroll and bonuses as well as the payroll specialist (Apollo, 2011).
Riordan manufacturing is a very large company with facilities in many locations around the World. With any company with this size Riordan must have a system in place that is able to keep track of significant amounts of information. Such as Employee names, time sheets and a variety of other important information. This system should be able to have a central location so that stores all of this information and can be accessed not only by the corporate office but at each location as well. There are many functions that a new and improved system should provide. Such as inventory control, tracking of shipments into and out of the warehouses, and the receiving of such items to our costumers. These requirements are essential to the growth of Riordan Manufacturing.
This proposal has been prepared for Riordan Manufacturing Company by the BSA/375 Learning Team Corporation. We are pleased to provide this proposal and look forward to working closely with members of the Riordan Manufacturing team. After careful analysis and review, we are confident that our recommendations will greatly enhance Riordan Manufacturing and place them firmly in the lead amongst other companies.
Since the development team has decided to purchase the Microsoft HR system, Riordan now has access to a very successful end user resource support system. Riordan has agreed to an extended amount of support, both through our development team and Microsoft. The initial maintenance, troubleshooting, and upgrading of the software will actually be handled by the Microsoft team. However, if there are any hardware or coding issues that come about, we will be handling the support. With the extended support, HR employees have the ability to be in contact with: telephone support, live chat support, remote desktop support, and interactive demonstrations of the system. Riordan Manufacturing has also agreed to hire an in-house
Riordan Manufacturing is in need of updating their decrepit HRIS system to stay profitable. This system will move from the legacy system, integrated with the financial system, into a new standalone system used to integrate all of the HR tools within the system presently.
This assignment will center on Riordan Manufacturing, how they increase productivity, and efficiency. Through the next few paragraphs, it will show how improvements are made to Riordan Manufacturing’s current supply chain. It also touches on how Riordan Manufacturing’s supply chain process extends globally. It will also evaluate the different factors that guide strategic capacity planning at Riordan Manufacturing. Finally, it will analyze Riordan Manufacturing’s current application process to making its current production system lean.
Riordan Manufacturing should switch to using Microsoft Dynamics CRM. Microsoft Dynamics CRM is a Customer Relationship Management program that focuses on customer records, sales, marketing, help desk, inventory and customer order management, make financial data available for planning and regulatory compliance, automate routine functions so employees can focus on critical tasks, help minimize the costs and complexities of administering salaries, benefits recruiting and performance management, provides greater visibility into aspects of performance factors such as profitability and potential issues, and meet industry-specific needs with functionality for upward business processes (Microsoft, 2013). Specific parts of the software, such as human resources (for payroll, etc.) can be added on an as-needed basis.
What external threats to your company's future well-being and profitability do you and your co-managers see? What does the preceding SWOT analysis indicate about your company's present situation and future prospects—where on the scale from "exceptionally strong" to "alarmingly weak" does the attractiveness of your company's situation rank?
Riordan currently operates four manufacturing plants; three located in the United States (San Jose, California; Pontiac, Michigan; and Albany, Georgia) and one overseas (Hang Zhou, China). Each plant contains the same basic departments, to include Sales and Marketing, Operations, Finance and Accounting, Information Technology (IT), Legal, and Human Resources. There are a few things we
Riordan Manufacturing currently has four plants of operations. These plants are in San Jose, California, Albany, Georgia, Pontiac, Michigan and Hungzhou, China. Currently the Operations department runs on independent Microsoft SQL servers running Microsoft Project, and Microsoft Office 2003. The Research and Development department recently received an upgrade to there outdated Computer Aided Drafting Software from aSa Solutions because the system on hand was inadequate to handle the needs of the Pyramid Bottle project.
The success of any manufacturing company is dependent on its manufacturing system design. The system design concept has been the basic force in manufacturing advancement. Without manufacturing design, all manufacturing would be stuck in the “square wheel” era. The first system design was the invention of the forerunner of the modern factory nearly 200 years ago. New design concepts are continually improving and impacting the worlds manufacturing.
A detailed written budget for Riordan Manufacturing Incorporated is available. The budget explains where the company will obtain the money for the new finance and accounting (F and A) system. The existing system is obsolete. The system is costing the company time and money because of the manual processes in place for financial reporting. A major reason for the issues concerning the current F and A system is that each of the facilities has a different F and A system that is not compatible with the others (Apollo Group, 2005, 2006).
Riordan is currently upgrading the current business systems of each department. Management has asked the human resources department to provide information for the current department business systems and subsystems such as: the name of the system, how the systems work together for that department, what information is contained in the system and what security is used for that part of the system. The human resources department will research different business software systems and provide information on a new and secure business software system that will be needed to replace the current system.
Riordan Manufacturing Inc. is in the field of plastic injection molding. A leader in plastics designs in many different areas, with state of the art capabilities in developing innovative products for their customers. The company was founded by Dr. Riordan, a professor of chemistry, working with processing polymers into high strength plastic articles. Dr. Riordan obtained patents and licensing to start manufacturing plastic fans in the plant at Pontiac, Michigan in 1992. This summary will cover Riordan’s mission, the four plant description, and the companies finance and accounting.