This website uses cookies to ensure you have the best experience. Learn more

Riordan Inventory Management Proposal Essay

2311 words - 9 pages

Riordan Manufacturing is a global plastic manufacturing plant with four major locations. Looking at their overall efficiency Riordan has discovered the need to streamline their inventory management departments. Riordan has set aside a budget of 1.5 million U.S. dollars to address the following challenges: (1) to centralize their inventory control systems.(2) Upgrade their current system to gain outside software support. (3) Reduce loss of inventory, and money due to documentation errors. (4) Reduction of labor hours used to perform monthly audits.Riordan Manufacturing has looked toward SSLL Inc to evaluate their current situation and provide a professional recommendation toward developing a more efficient, cost-reducing system. Based on the recommendation from SSLL Inc, Riordan Manufacturing will profit through a reduction of costs due to inventory control, a reduction of labor hours used to track inventory, and increased sales and customer satisfaction through a reduction in product costs through decreasing delivery lead times. In addition, better communication will be incorporated throughout the company through visibility. This new implementation will allow all facilities to view inventory, shipments, costs, and returns electronically, and eliminate reliance on hardcopies filed at other facilities.Understanding the risks, Riordan will notify their stakeholders listed below, of the assessment, upgrade, and implementation process as it becomes available. SSLL Inc. will apply sensitivity and make every effort to provide a clean reliable system, with little or no downtime, and within a projected period of two years. During the first year, SSLL Inc. will dedicate its resources toward research and recommendation, and the second year for implementation, and training.Stake Holders• Local and International Investors• Consumers• Vendors/SuppliersSSLL Inc. will conduct proper research and analysis of Riordan's systems to reveal the root systems process failures, through the investigation of the current Information Department system processes already in place, SSLL Inc. will then provide an understanding of the real issue, and make recommendation toward a proper repair and implementation.IssuesThrough preliminary research, SSLL Inc. has discovered very different computer systems in use at each location including the China plant. Data input of raw materials, finished product, and shipped goods are being completed manually at each location; severely inhibiting appropriate company-wide access of information. Riordan has already seen extra costs associated with trying to meet customer delivery deadlines and it appears more warehouse space will be required to house raw materials if a more efficient tracking system is not implemented.The cost associated with implementing a complete change of computer systems at all locations would far exceed the allotted budget, but it is evident that communication between the plants is a priority. Manual data...

Find Another Essay On Riordan Inventory Management Proposal

Executive Summary Essay

4018 words - 16 pages improve their inventory and manufacturing processes. We will use the System Development Life Cycle process, as we go through the recommendation, through the implementation phases. We will also explore several options to automate the inventory process to a just in time system in an effort to reduce the amount of working capitol needed for inventory. Areas of ImprovementSeveral areas need to be improved at Riordan Manufacturing. The slow consolidation

Riordan Manufacturing Overview: Computer and Information Processing - CIS/319

1274 words - 5 pages Riordan Manufacturing tasked Learning Team A to review the current inventory management and manufacturing procedures and make recommendations for improvements. Our emphasis will be placed on company requirements, current systems, and costs related to upgrades. The summary will focus primarily on the inventory management system, improvements, and the stakeholders of Riordan Manufacturing.The greatest task facing Learning Team A is developing a

Riordan Manufacturing Supplier Solicitation and Selection

1437 words - 6 pages not. Poor evaluation could result in quality, cost and schedule problems. Design errors may be detected too late making them to costly to easily repair or possibly resulting in failure and introducing safety hazards into the project.In addition to the technical requirements, Riordan will evaluate each proposal against management requirements. Management requirements are those factors affecting quality, schedule, staffing and safety. Noncompliance

WASP Barcoding System For Inventory and Product Management

3132 words - 13 pages development of the recommended technical solution (Wiegers, 2003). This document should be the single record of reference for requirements pertaining to this initiative. This requirements description describes process flow changes that will be made to the Manufacturing, Shipping, and Inventory to support the Riordan Manufacture process initiatives. The Inventory Management and Control segment is implementing tracking and inventory system by

SR 022

1221 words - 5 pages Hugh McCauley, COO of Riordan Manufacturing, has requested to create a single integrated application from combining their existing variety of tools. Riodran can see and wants to take advantage of more advanced and sophisticated information systems technology existing in the current human resources department.The proposal of this document will explain how the use of the techniques for information gathering and systems analysis tools can benefit

Riordan Manufacturing MRP Evaluation Project

1701 words - 7 pages following tasks will be performed to measure the success of the project at six (6) months and one (1) year: • An inventory analysis validating the accuracy of tracked inventory • A cost analysis comparing the cost of inventory management to previous reports • Hire an IS analysis firm to analyze the new Riordan MRP system's efficiency Statement of Scope, Objectives, and Constraints Current Needs Riordan Manufacturing needs to reduce the

Riordan

1165 words - 5 pages establish a strategic capacity plan, Riordan must have an adequate strategic plan. The company should eliminate the bottlenecks within the company which are its inventory and suppliers. Riordan should reduce the cost of raw material within China and use the just in time method, so that the materials will be delivered in a timely fashion. , JIT does an excellent job in reducing lead times and work in process and require a stable production level

Service Request SR-rm-001 Processes Evaluation

2821 words - 11 pages , and at the time of need David Marca (personal communication, October 15, 2008). For Riordan Manufacturing to progress toward meeting these requirements, they will need to implement several system enhancements. These include the implementation of RFID/VMI Inventory Control, and Enterprise Resource Management systems, with a focus on eventually implementing MDM technology.Inventory Process Enhancements"Managing inventory is the process a business

Riordan Manufacturing Case Study

1414 words - 6 pages -Specific Payroll Processing Accounts Receivable (A/R) Data Input and Cost Distribution Customer Master File Payroll Check Writing Customer Relationship Management (CRM) Control Reports Invoicing Financial Reports Cash Receipts Debt Collection Inventory Management (IM) Control Reports Inventory Master File Financial Reports Inventory Control/Assembly Systems Data Input and Cost Distribution Order Entry Receiving Activities Order Entry

Proposal for Riordan Manufacturing

2364 words - 9 pages Riordan Manufacturing Chief Operations Officer Hugh McCauley has sent a service request to seek help in three specific areas of company operations. First, requesting suggested system changes to improve inventory and manufacturing process. Secondly, requesting suggested computer changes to improve efficiency and thirdly, requesting a defined system to be presented to the IT department. In attempting to meet the request criteria the research team

Strategic Quality Management and Customer Satisfaction

1942 words - 8 pages the process" (Apollo Group, 2005). Another example of how quality relates to Riordan's objectives can be seen in the consistency of inventory management procedures. All Riordan plants follow the same procedures for tracking products, accounting for inventory, and receiving raw materials; thereby ensuring quality control and consistency in operations. Quality is linked to every facet of Riordan's business. It can be seen in their human resource

Similar Essays

Executive Summary For Riordan Manufacturing Essay

2499 words - 10 pages Riordan Manufacturing is currently willing to embrace a new automated inventory control system to centralize their inventory. The Standard Enhancements Corporation proposes that following benefits will occur with the implementation of Peoplesoft software and upgraded computers.Riordan Manufacturing will benefit greatly by eliminating the waste of productivity time correcting data input errors.Peoplesoft provides training classes for

Riordan Manufacturing Paper Uop Cis/319

2345 words - 9 pages into 2005 and beyond.In this proposal, the Operations Team is recommending a series of systemic changes that improve Riordan's manufacturing and inventory processes, utilizing computer systems to increase efficiency. This was created to answer the service request logged by Hugh McCauley, COO of Riordan. The directives of this service request were further detailed by Maria Trinh, CIO of Riordan. In a memo dated September 10, 2004, she stated:The

Riordan Manufacturing Is Upgrade Essay

1634 words - 7 pages may be reduced utilizing EDI transactions to ensure a successful just-in-time supply for raw materials and parts. Overall inventory management will benefits from real-time processing. Bar-code scanning will reduce errors and improve dock-to-stock lead times. Riordan Manufacturing will now possess and the tools and best-of-breed processes to create an environment for growth. These DBMS and process improvements will directly enable Riordan to

Riordan Manufacturing: Financial Analysis

1921 words - 8 pages , financial reporting, EDI, bar code reading, and the Executive Decision Support System (EDSS) module. This proposal also recommends the addition of an inventory management module, giving Riordan Manufacturing more flexibility and oversight into the supply chain and inventory at Riordan's warehouses and plants. All of these modules should be fully installed at each location for a complete systematic, real time, corporate picture of all inventory and