Riordan Production Plan Paper/Ops 571

1043 Words5 Pages
Riordan Manufacturing Production Plan
Pedro A Rios Jr., Nelson Christensen, Teresa Swander, Chrystal Marcum and Kapricia Crosby
University of Phoenix
Operations Management
OPS 571
Ashley Carr
January 10, 2011

Riordan Production Plan Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. Riordan’s main customers range from automotive parts manufacturers to the Department of Defense. One of Riordan’s main productions is plastic beverage containers. Riordan’s most recent expansion took place in 2000 when the company relocated operations from Pontiac Michigan to China. The Pontiac Michigan facility was retooled for the manufacture of custom plastic parts
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In order to be able to meet their needs, Riordan may look to another business to provide the additional motors needed for their forecasted fan orders. Based on their past experiences, Riordan may need to consider looking for another company to purchase their motors from in order to foster a make-to-stock operation. This allows for a forecasting of potential sales based on an average of the past three year’s sales and projecting that for the future year sales. This may help in creating a more competitive market for manufacturing and delivery of their product. Another consideration would be for the plant to carry additional stock on hand in order to satisfy any unexpected peaks in orders. At present, they do not stock fan expects for a small amount which would cover any warranty issues, however they depend on their supplier to have them readily available. Since they currently stock the plastic polymer which is used in the electric fans, they may choose to reduce that particular stock item and replace it with the most common type of motor. This could result in a cost savings and would indeed help them ensure that they are better prepared to provide their customers with the best possible service and product delivery. Conclusion Riordan Manufacturing needs to meet the demands of their clients. They will need to work on the safety stock to have inventory on hand and ready to ship for their

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