Information Technology Affects On Riordan Manufacturing

1082 Words3 Pages
bulb-icon

Recommended: Riordan Manufacturing Case Study

Information technology affects on Riordan Manufacturing

Overall Effects of IT on Riordan Manufacturing

Information technology affects on Riordan Manufacturing

Overall Effects of IT on Riordan Manufacturing

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 statement shows that the company in a good position on the market but the profits needs to be increased. The profit margin is lower than the industry average for Riordan .This means that Riordan have to keep its costs low and maximize profits to meet with than other companies doing the same business. The company current asset to liability ratio (current ratio) is approximately 2.87, which means that the company has twice current assets to the current liabilities.

By examining the riordan system many gaps was found and Many of improvements that can take place to the current systems and subsystem to provide increase in the benefits and skills and production line.

Taking a look at the current system for the finance and accounting riordan stated that each location has its own F and A system which report back to San Jose. The F and A Department have been unable to achieve anything remotely resembling “seamless compatibility.” Some F and A data is provided to corporate via data files; some data is provided via hardcopy reports and must be re-entered; some data is provided via data files but must be converted (redirected) to the proper account codes and the list goes on. Riordan will need to implement a new system to communicate effectively and remotely sharing of the files and reports. That will help riordan to have an updated in real-time reports instead of just waiting for the hardcopy.

By looking at riordan sales and marketing department, I noticed that riordan need many improvements to increase sales. As the world growing fast, customers expect high level of service and products that meet with today’s technology. Using the last IT technologies in marketing and sales would increase sales and profit for Riordan. Implementing new technology in marketing and advertisement is a must nowadays to attract the customers.

Show More
Related

  • Gap Analysis: Riordan Manufacturing

    1612 Words  | 4 Pages

    Employee motivation and rewards are effective means to retain employees. When an employee is motivated, his or her needs are being met. When an employee is unmotivated, his or her needs are not being met which results in a high employee attrition rate. Riordan Manufacturing is experiencing a high attrition rate. Riordan Manufacturing has 3 plants and employs 550 people. Recently, Riordan hired Human Capital Consulting to perform an analysis on the underlying issues that are causing the decreasing employee satisfaction and to recommend courses of action that will address the underlying issues. Research has been done to identify the issues and opportunities, the stakeholders and ethical dilemmas, and the end state vision. A gap analysis has also been performed to determine the gap between the current situation and the end state goals. Riordan Manufacturing will use this information to determine the best way to proceed towards improving its working environment for the employees.

    Read More

  • Riordan Manufacturing

    1296 Words  | 3 Pages

    In the past, college graduates would embark on careers in the business world with book learned business theory. Now the college curriculum can include practical use of real world situations in a web-paged virtual organization. This virtual organization allows students experience to review, analyze, troubleshoot and resolve real business problems. This paper will review the virtual company, Riordan Manufacturing, allowing students to review existing business systems, identify improvements or introduce new business systems to allow the company to thrive in the growing technology of the business world.

    Read More

  • Nt1310 Unit 3 Assignment

    289 Words  | 1 Pages

    It has come to my attention that the functionality of my computer system is quite limited for the company’s day-to-day actions. It gives me great honor to propose, a new set of systems that will replace the dated systems that I currently use to complete my job. I am confident that these machines will allow me to think of new creative, ideas that will create new innovative marketing strategies for the company.

    Read More

  • Riordan Manufacturing and Strategic Planning

    1907 Words  | 4 Pages

    Although Riordan Manufacturing has a generic strategic direction, a comprehensive strategic plan reevaluation and development must occur after the move to China. Environmental scanning, strategy formulation, strategy implementation, evaluation, and control are fundamental to the creation of a strategic plan (Wheelen & Hunger, 2010). Because, strategic planning is integral to the corporate strategy and success of Riordan the board of directors' requesting Team B formulate a comprehensive strategic plan for their organization.

    Read More

  • Essay On Continuous Improvement

    1105 Words  | 3 Pages

    Continuous improvement (CI) refers to a philosophy consisting of improvement activities that increase successes and reduce failures in a production process (Bhuiyan & Baghel 2005, p. 761). It involves activities and processes that focus on continuous and incremental innovation (Bessant et al., 1994, p.17). CI is a new approach that enhances productivity, performance, and achieves competitive advantage needed in the highly competitive industries. It may also serve as a complementary approach to other quality improvement initiatives such as total quality management (TQM) (Pike, Barnes, & Barnes 1995, p. 23; Larson 2003; Lassen, Gertsen, & Riis 2006; Oakland 2007, p. 227). The purpose of this research is to explore the application of production systems engineering methods in the CI at manufacturing plants.

    Read More

  • W.L. Gore & Associates Marketing Analysis

    1689 Words  | 4 Pages

    This research seeks to reveal the importance of marketing strategies in today’s complex and competitive business world. For this reason, this study will discuss various theories, issues and approaches of the marketing linking them with W.L. Gore & Associates and thereby propose the best options, ideas, strategies and techniques for the improvement of the company. To reach the points, this study will especially collect secondary and qualitative data and information.

    Read More

  • American Connector Company - A Competitive Assessment

    864 Words  | 2 Pages

    Manufacturing excellence has been the strength of DJC, driven by continuous process improvement and careful attention to customer needs. Their cellular manufacturing approach by breaking the factory into small, homogeneous and cohesive productive units makes production and quality control easier. Continuous plant operation and good plant layout ensured maximum asset utilization and low work-in-process inventories and relatively higher finished goods inventory.

    Read More

  • Business Analysis: Rolls-Royce Aircraft Engines

    1995 Words  | 4 Pages

    The business world is becoming more and more heated up as a result of the ever increasing levels of competition. Each and every industry is witnessing an alarming rate in the number of competitors that exist within it. This is further fueled by the increasing world population, which brings about the speculations that the future of the market is rather bright. It is interesting as to how many things are nowadays done based on speculations and future expectations. In the turmoil of it all, marketing has been established as a very effective tool used by various firms to gain competitive advantage over others. As such, each organization has been able to develop its own marketing strategy based on the various things that affect the industry and the nature of business undertaken. Theories and practical research are two major items that form the basis of development of marketing strategies. Rolls-Royce is one of the many organizations that have been in big business for a long time. As such, the company has been able to identify major areas of strength and weakness when it comes to marketing.

    Read More

  • Reliance Industries Case Study

    3140 Words  | 7 Pages

    Technology and technological changes may pose many challenges to marketers. The technology can significantly affect the type of product or service that marketing professionals can offer to their customers. For example: The advancements in technology have significantly changed traditional products like typewriting machines, into more convenient computer systems. It means that one cannot stop the advancements in technology. But, one can learn to adapt to the ongoing changes in technology and systems. So that one can make use of advancements for the betterment of a product, idea or

    Read More

  • Negative Impact Of Toyota

    1707 Words  | 4 Pages

    Although it was not always easy for Toyota, they have established themselves as one of the major automobile manufactures in the world. Since Toyota’s sales have steadily increased over the years; they recently have begun focusing on the quality of the car they were producing. Unfortunately when they began the process multiple issues within the product and assembly arose bringing a negative impact to the manufacture. Toyota began to develop what we call the Lean philosophy, “form of religion”. Lean methodology is a process to increase productivity of workers, assembly lines, inventory, and management among many others, all the while keeping a close eye on the production. When they first opened their factories within the United States they pushed

    Read More

  • Loyalty Program Case Study

    1099 Words  | 3 Pages

    To get to the number one position hard work and dedication is needed. The success this company has achieved is outstanding and to keep up with the market more effort is now needed. Due to the tough economic situation, Tech Garden is facing competition from infrequent competitors such as Staples, Walmart and the Brick. Customers are more likely to be less brand loyal during these economic crises therefore its time to pursue new customers and existing ones with the new Tech points’ card. This is an additional asset to the new advertising campaign “Taking technology to market” that will allow our customers to show loyalty to us. Furthermore, with this new asset more clients will be drawn towards us and as a result allowing them to become our customers as well. This will not only be beneficial to them but also to our company. Overall, the Tech Points’ card will permit the customers to obtain points for every purchase they make at Tech Garden and then at the end will be allowed to redeem an award. Hence, allowing them to become loyal customers to Tech Garden and together, allowing the company to

    Read More

  • Enterprise Resources Planning (ERP) Implementation

    1634 Words  | 4 Pages

    Stair, R.M., Reynolds, G.W., Gelinas, J.U. Jr., Sutton, S.G., Hunton, J.E., Albright, S.C., Winston, W.L. & Zappe, C. (2007) Accounting Information Systems and Financial Modelling, Thomson, South Melbourne, Victoria, Australia.

    Read More

  • Define Marketing Paper

    1377 Words  | 3 Pages

    Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products and services. It should help to establish the business's niche in the industry and distinguish it from other such businesses.

    Read More

  • Jet Blue Marketing Mix

    714 Words  | 2 Pages

    When a business aims to be as successful as possible in selling its products and services, it must examine in detail whether or not the products will be attractive and necessary; if the price is optimal; if the product is being distributed in the best locations; and finally, how interest and awareness can be created for the products. In order for a business to target all of these elements at the right people at the right time, it must employ the right type of marketing mix: Product, Price, Place and Promotion.

    Read More

  • Marketing in Business

    2002 Words  | 5 Pages

    Marketing is a fundamental aspect of all businesses, whether they are set out to make a profit, or charitable organisations - they will have to carry out marketing research of some description. It has been described as being, “the management process responsible for identifying, anticipating and satisfying customer requirements profitably.” (Chartered Institute of Marketing) This essay will explore the role of marketing in a marketing oriented business and different aspects of the external environment that a smartphone company should be aware of. The points raised throughout will be supported using relevant journals, textbooks and newspaper articles.

    Read More

More about Information Technology Affects On Riordan Manufacturing

Open Document