Summary of Riordan Manufacturing Essay

ASC 985 -605 Software — Revenue Recognition “provides guidance on when revenue should be recognized and in what amounts for licensing, selling, leasing, or otherwise marketing computer software.” It defines “ Software arrangements range from those that provide a license for a single software product to those that, in addition to the delivery of software or a software system, require significant production, modification, or customization of software.” (ASC 985-605-05-3 ). And the Scope and Scope exception is in ASC 985-605-15 (The Scope in 985-605-15-13 and Scope exception 986-605-15-14)

Riordan Manufacturing, a leading global manufacturer of plastic containers, parts, and fan parts, is wholly owned by Riordan Industries, Inc. Riordan’s fan manufacturing plant was purchased in 1992 when it was located in Michigan. In 2000, the company moved its fan manufacturing operation to China where it now resides.

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

Riordan Manufacturing Industries is a worldwide manufacturer of plastics who employs 550 employees and they are a Fortune 1000 enterprise. Presently, there are three sites that they manufacture from in Hangzhou China they manufacture fan parts made out of plastic. In Pontiac, Michigan they create plastic parts for customer and in Albany, Georgia they produce plastic beverage container. On the other hand

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 global plastics producer employing 550 people with projected annual earnings of $46 million. The company is wholly owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Recently, Riordan made several strategic changes in the way it manufactures and markets its products. Because of declining sales and uneven profits over the past two years, Riordan adopted a customer-relationship management (CRM) system. Primarily sales teams instead of single salespeople, with each team focusing on a particular customer segment, now service customers. Teams typically include a sales person, product engineering specialist and customer

Riordan Manufacturing, Inc. is one of the industry leaders in the field of plastic injection molding in terms of both total volume and quality. By utilizing the company's state-of-the art design competencies, Riordan Manufacturing can create innovative plastic designs that are well respected in their applications. The company's production competencies include items such as attention to detail, extreme precision and enthusiastic quality control. The company operates from a variety of locations with facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan and Hangzhou, China. Riordan Manufacturing is wholly owned by Riordan Industries, a Fortune 1000 enterprise.

Riordan Manufacturing, Incorporated is an industry leader in plastic injection molding. State-of-the art design capabilities allow creation of innovative plastic designs that have earned international acclaim. Attention to detail, extreme precision, and enthusiastic quality controls are the hallmarks of Riordan Manufacturing with facilities in San Jose, California, Albany, Georgia, Pontiac, Michigan, and Hangzhou, China (Apollo Group, 2005, 2006).

Riordan Manufacturing is in need of a new process for its manufacturing of electric fans. With potential bottlenecks from the current process, both time management and expenses have been suffering. Many factors have been taken into consideration with the new innovative process. With the utilization of the new process it is not only going to be time saving but also will illustrate overall revenue growth. The proposal will include many implementation ideas that are going to contribute to the future success of Riordan Manufacturing:

iii. Send one of their system analysts to oversee the final implementation of the software, since they offered unlimited support.

Riordan Manufacturing manufactures many different plastic items ranging the gambit from medical devices, to bottles to electric fans. In the last year the Hangzhou plant has averaged 93% in its on-time deliveries (Apollo Group Inc., 2012). This proposal package will detail a plan for obtaining Riordan’s goal of 99% on-time delivery of the electric fans and reduce the on-hand stock of inventory to reduce costs (Apollo Group Inc., 2012). The proposal will detail a Materials Requirement Plan (MRP), a new process

To aware and provide insightful information about this unique software, we have taken the responsibility of writing a

Dan Fylstra and Peter Jennings in 1978 formed “Personal Software”company in order to market software is for radio shack, Commodore Pet and Apple computers. Similarly in 1979 January Dan Bricklin and Bob Frankston formed “Software Arts”. An agreement between personal software company and software arts to provide royalties to software arts of 35.7% of revenue on direct sales and 50% off revenue on OEM sales. A product named VisiCalc was deployed Software Arts in 1979 and marketed by Personal Software Company, generating revenue of $882 thousand. In 1982 the profit grew to $22.6 million (Andrew, 1984). In early 1982, with an objective to develop new generation of software including fast switching, data exchange, common simple interface,

|1981 |-Software Export Division formed at Chennai to support the bespoke application development needs of Singapore. |

Non- Corporate Customer includes all computer users who need various types of applications for doing their work. We know that general users need some particular types of software. So, we will launch Package software for them. We will provide quality product which will be able to compete with pirated foreign products.