Tracee Smith Running head: The customer base for Riordan includes automotive parts manufacturers, aircraft manufacturers, Department of Defense, beverage makers, and bottlers and appliance manufacturers. They compete primarily based on our cutting edge standards. Our future plans include developing a more improved inventory process.
In order to gain that status, it is important for Riordan Manufacturing to evaluate and determine a new edge that will give them the status they strive to obtain. Having the ability to recognize the weaknesses and areas where improvement is necessary or welcomed is the best way to develop a good set of goals.
Although they currently hold the title of industry lead, it is important to acknowledge that changes have to be continually made to uphold that title. Streamlining and standardization of the organization will be an essential task to improving the quality of the product Riordan produces, as well as the image they portray within the industry and to their customers and clients.
It will also be essential to continually launch new products and have the ability to market those products in the most effective way. Showing the customer how Riordan is an essential part of their solution by delivering the best product with the best customer support. Implementing partnerships shows the industry that the acknowledgement of teamwork is essential to the success of any business, and in order to be the best, you have to work with those that compliment your business.
Of course will any project there will always be a fair share of challenges that will be faced with this new approach to success. Standardization within the company will be a challenge in itself, because it generally means expending resources and providing additional training to acclimate and educate employees on new technologies or procedures for doing business.
Integrating and connecting business structures requires an extensive degree of preparation and dedication.
As always, the most difficult challenge will be to minimize the amount of disruption in the overall business activity. Because every minute of downtime results in a loss of revenue, which is the driving force behind any business.
Reducing carrier costs and cycle time will help offset any downtime the company may experience during this transition. A clear and concise inventory management system will help with excess materials on hand, shortage of materials, as well as the overall outcome of productivity. This could create a huge challenge with quality control, production, and the need for compliance with federal regulations.
Developing a solid customer interface will also pose a challenge, forcing a thorough evaluation of the existing or non-existent plan and developing something that works far more effectively.
It is essential that the entire company be represented during this project to minimize the negative business impact.
The right people must be part of and responsible for the restructuring project. Development of this team is crucial and will comprise of a Project Manager, a representative from Information Services, Financial Services, Human Resources and the Inventory Department. This team will be responsible for identifying the essential goals necessary to accomplish the tasks needed to provide the best service for the lowest cost.
There are several methods in technology that will need to be thoroughly evaluated in order to accomplish this assignment. The team will have to review and understand all possibilities including the potential for outsourcing and purchasing or leasing of equipment and software.
Once all of the options and methods have been identified, researched and evaluated, the team will have to collectively decide on the best solutions and vendors that will provide the best return on investment. The Vice President of International Operations, Charles Williamson, will be in charge of overseeing the entire project.
With the support of the Vice Presidents from each department, Charles Lacy - Sales and Marketing, Bob Havings - Product Support, Mark Neitzel - Operations, and Clyde Cousins - Transportation, Charles and his team will have to carry and delegate responsibilities to other team members within their departments to make this project successful.
Once the plan is laid out, each department will be responsible for acknowledging how the changes could cause a negative impact and what could be done to prevent an excessive amount of downtime.
Each department should elicit input from their employees to get the broadest range of opinions and ideas. It will then be up to the department lead to collaborate those ideas into a common consensus and present to the team for review.
Each goal should be assigned to the respective department and a time line should then be assessed. A project schedule should be developed, noting each component, the respective time frame, and who is responsible for completing the task.
It is important to continually evaluate the progress, success and monitor the control of their perspective budgets as well.
In order to measure the success of this project, various areas will need to show vast improvement. Reduction of carrier costs, cycle time, and excess of materials on hand is essential to demonstrating the success or failure of this project. A vast improvement in inventory accuracy will be a key to the success of production and standardization throughout the company.We are working with ESB to help identify potential candidates for an interesting role within their Accounting & Reporting function in Finance Operations, Business Service Centre (BSC)ESB has a centralised Finance Operations organisation that provides a range of finance services across ESB Group.
Updated world stock indexes. Get an overview of major world indexes, current values and stock market data. In the age of Amazon and globalization, every manufacturing business has to up its efficiency to stay competitive. DBA Manufacturing software is a game-changer — it replaces inefficient manual planning methods with a just in time system that boosts your manufacturing efficiency.
Which Manufacturing ERP Software System Best Fits Your Business? Match the best Manufacturing ERP Software solutions to your specific production process, industry and technology and/or distribution needs using the objective "Best FIT" Comparison Tool below.
Refine your ERP software shortlist through powerful side by side ERP software system . Indigenous Australians have lived in the Melbourne area for an estimated 31, to 40, years.
When European settlers arrived in the 19th-century, under 2, hunter-gatherers from three regional tribes—the Wurundjeri, Boonwurrung and Wathaurong—inhabited the area. It was an important meeting place for the clans of the Kulin nation alliance and a vital source of food and water.
Erp System for Riordan Manufacturing Words | 20 Pages. ERP System for Riordan Manufacturing Team A University of Phoenix Riordan Manufacturing is the leading global industry manufacturing company of plastic injection molding.