Riordan Edi Essay

696 words - 3 pages

The Electronic Data Interchange (EDI) process will be implemented within the Riordan group of Companies. What is EDI? EDI is the process by which documents are transferred electronically in a paperless environment between two companies. Such documents include invoices, purchase orders, quotations, et al. The transfer is usually done over a value added network, integrated digital network, bulletin board system, and lastly, a secure web based HTML site. This process is becoming increasingly popular in and amongst organizations, as there is a sense of ease of use and cost saving. The Riordan Company anticipates that the EDI process will eliminate paper transactions, the process of manually reordering materials, manufacturing processes, and warehousing stocking processes. On the other hand, electronic payments are desired and the use of electronic transmissions will be implemented, thus minimizing errors and saving time. Once the respective application and transporter is available, data can be transferred at any given time. The standard expenses that the Riordan Company incurred, such as, telephone calls, stamp postages, printing, and shipping and handling, will also be dramatically reduced by at least 90%.History on EDIIt has been over 30 years since the inception of the EDI process. The first attempt was in the mid 60's, when the retail industry tried to go paperless. Although paper was not totally eliminated, it cut back on the amount of time a paper process was completed. Implementing this process reduced errors and increased efficiency. Many organizations have even moved from the paper system to EDI with their customers and suppliers.The EDI technology is increasingly changing how companies conduct business. Organizations that utilize this technology are usually more responsive to their customers and stakeholders needs. In most, if not all cases the company will be ahead of the competition. A majority of the business documents that are used in the organization by way of paper exchange can be supported by the EDI technology; for example, sending faxes, etc. (Roger Clarke, 1998).Basic EDI conceptThe EDI technology is based on just a few basic concepts: Application to application, machine process ability, business documents, and the standard used. The application to application process is the transmission of data...

Find Another Essay On Riordan EDI

Riordan Manufacturing Finance and Accounting Overview

2820 words - 11 pages Running head: FINANCE AND ACCOUNTING OVERVIEW 1 RIORDAN MANUFACTURING FINANCE AND ACCOUNTING OVERVIEW PAGE \* MERGEFORMAT 13 Riordan Manufacturing Finance and Accounting OverviewBSA 500November 12, 2012Riordan Manufacturing Finance and Accounting OverviewRiordan Manufacturing is a wholly owned subsidiary of Riordan Industries, a Fortune 500 company. The company is a global manufacturing company with projected annual earnings of $400 million

Business Requirement Definition Service Request SR-rm-001

3006 words - 12 pages opportunity for improvement.Business requirements were established using a set of metrics to evaluate three options for improving inventory practices at Riordan. The three options evaluated are Vender Managed Inventory (VMI), Enterprise Resource Planning system (ERP), and Materials Requirements Planning (MRP). The metrics allowed the three systems to be scored based on the priority of business requirements, which provided the basis for

When the Bubble Burst

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

phase diagram

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work of Art

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art

Enlightenment Thought in New Zealand Schools

1594 words - 6 pages In this essay I will be looking at how the political and intellectual ideas of the enlightenment have shaped New Zealand Education. I will also be discussing the perennial tension of local control versus central control of education, and how this has been affected by the political and intellectual ideas of the enlightenment. The enlightenment was an intellectual movement, which beginnings of were marked by the Glorious Revolution in Britain

Psychological Egoism Theory

2240 words - 9 pages The theory of psychological egoism is indeed plausible. The meaning of plausible in the context of this paper refers to the validity or the conceivability of the theory in question, to explain the nature and motivation of human behavior (Hinman, 2007). Human actions are motivated by the satisfaction obtained after completing a task that they are involved in. For example, Mother Teresa was satisfied by her benevolent actions and

How Celtic Folkore has Influenced My Family

1587 words - 6 pages Every family has a unique background that influences the way they live and interact with other people. My parents, who emigrated from Ireland to the States with my three brothers in 1989, brought over their own Celtic folklore and traditions that have helped shaped the way our family operates and lives. One aspect of folklore that has helped shape my family dynamic is the Celtic cross—both its background and what role it has played in our lives

Julia Margaret Cameron

1406 words - 6 pages At a time when women were looked upon as being homemakers, wives, mothers and such the late 1850's presented a change in pace for one woman in specific. Photography was discovered in 1826 and soon after the phenomenon of photography was being experimented with and in turn brought new and different ways of photo taking not only as documenting real time, but also conceptualizing a scene in which an image would be taken. Julia Margaret Cameron will

Evaluation of School Improvement

1403 words - 6 pages The evaluation process should be progressive to incorporate overall planning, implement changes, which contribute to success. In order to focus on school climate and norms, the evaluation design must include the students, instructions, and outcomes to improve communication and building-level concerns to be address in this response. School Climate and Social Norms The school principal, other staff leaders, and personnel set the tone and the

Case Study: The Benefits of Animal Testing

1757 words - 7 pages Nine year old Amy has already had a rough start in life. She was born with an abnormal heart that hinders her everyday activities. Amy is unable to keep up with kids her own age because she often tires out easily. As a consequence, she has very little friends and is often alone. Amy is forced to take different medications everyday just to survive. Amy’s life consists of medicine, doctors, and constant hospital visits. However, Amy is due for a

Similar Essays

Riordan Inventory Management Proposal Essay

2311 words - 9 pages discourage some users (Wikipedia, 2006, para.3).Implementation of EDI involves a complete understanding of what Riordan wants to accomplish within their shipping department. It seems inventory management and the costs associated, are not very efficient. EDI would make it possible for Riordan to resolve many issues associated with this department. Once a need for EDI is established, Riordan would want to decide what the most efficient and cost

Riordan Manufacturing Is Upgrade Essay

1634 words - 7 pages business requirements that need to be addressed. The Business Requirements of the Service Request are as follows: 1. Establish seamless compatibility between Finance and Accounting Systems. 2. Enable EDI/ Scanning transactional information between vendors, Inventory, and Finance and Accounting systems. 3. Centralize Accounts Receivable and Payable. 4. Government compliance. Finance and Accounting The primary business objective of Riordan is to

Riordan Manufacturing: Financial Analysis

1921 words - 8 pages reporting system. The basic components of each system are: General Ledger; Accounts Payable; Accounts Receivable; Order Entry; Sales and Purchasing History; Procurement; Invoice and Shipping; Payroll; Financial Reporting; EDI (San Jose); Bar Code Reading (San Jose); and EDDS (San Jose) (Apollo Group, Inc., 2009).Riordan is currently experiencing compatibility issues with their Financial and Accounting systems. After the acquisition of the

Material Requirements Planning (Mrp) System – Riordan Manufacturing,

4284 words - 17 pages Material Requirements Planning PAGE 2 Material Requirements Planning (MRP) System - Riordan ManufacturingXXXXUniversity of PhoenixBSA/375XXXXXXXXAbstractAt the request of the Chief Operations Officer and the Vice President Operations, Riordan Manufacturing, an evaluation was requested for the development of a Material Requirements Planning (MRP) system. The system is to track and manage raw materials as well as finished product inventory