Executive Summary, Riordan Manufacturing
Executive Summary, Riordan Manufacturing
Abstract
Riordan Manufacturing is a company responsible for producing plastics globally. Some of their products include plastic beverage containers and plastic fan parts. Our team has been asked to put together an executive summary regarding identifying some areas needing improvement, defining the purpose of the project as well as who the key stakeholders are. Below is the review of our findings.
Executive Summary 3
The Riordan company overall is doing very well. They are a company who is groundbreaking in the development of unique plastic designs. In the beginning their initial focus started out as research and development and the licensing of existing patents. In 2000 they then ventured into expansion causing a shift in some of the locations of the manufacturing plants. Currently there are 550 employees; plants in California, Georgia, China and Michigan in addition to some key customers that include automotive parts & air craft manufacturers, Department of Defense, and appliance makers. Financially they are doing quite well brining in an expected annual income of $46 million dollars. Riordan also has their own manufacturing industry- part of the Fortune 1000 enterprises. Although business is good there are some areas of improvement to be addressed.
Areas Identified addressing areas of improvement
Many employees within the Riordan Company are capable of using the computer, however it is feasible that more computer skills be learned and utilized within the company.
Consolidate customer information to deliver better value to its customers.
Develop seamless compatibility.
When looking to make changes within your company it is also essential to
Identify the purpose of projects you begin.
Executive Summary 4
The companies focus, mission statement, customer relationships, and employee goals are satisfactory, however at Riordan a couple of their reasons for conducting this project were to; first increase efficiency within the company and secondly to maintain profitability. Both of these are necessary to conduct business and be successful.
Stakeholders play a significant role in the daily, monthly and yearly operations and accomplishments of Riordan. Some of their stakeholders to name a few are: The employees themselves, customers they serve, businesses they sell their products to (auto part manufacturers, aircraft manufacturers, appliance manufacturers), Department of Defense, and the beverage makers and bottlers. These to say the least are the