Riordan Manufacturing Incorporated Ã¯Â¿Â½ PAGE \* MERGEFORMAT Ã¯Â¿Â½1Ã¯Â¿Â½
Running head: RIORDAN MANUFACTURING INCORPORATED
Riordan Manufacturing Incorporated
University of Phoenix
Jerry Swindle, Jr.
Riordan Manufacturing Incorporation
Riordan Manufacturing Incorporation is the transformation of Riordan Plastics, Inc which was founded in 1991 by Dr. Riordan in response to the commercial application of Research and Development in processing polymers. Riordan Manufacturing is wholly owned by Riordan Industries. With revenues in excess of $1 billion, Riordan Industries has entered into the Fortune 1000 enterprise distinction.
The transformation which took place 1992 was made possible by the Venture Capital which Dr. Riordan obtained. Originally Riordan was a manufacturer of plastic fan parts used primarily in the automotive industry. In 1993, the company acquired a beverage container manufacturing plant in Albany, GA and as a result expanded into that industry, and . In 2000, the company began a joint venture operation in China and subsequently moved the entire fan manufacturing from Michigan to China.
The company also had a facility in Pontiac where custom plastic parts are manufactured .In other words, Riordan Manufacturing Inc has plants in Georgia, Michigan, California and China with Corporate headquarters in San Jose.
Riordan Manufacturing Inc has maintained successful operations and earnings of around $6 million with 550 employees. Riordan Incorporated has maintained effective operations through quality management in Finance and Accounting, Sales and Marketing, Human Resources, Operations, Legal and Information Technology. Riordan Manufacturing Incorporated is focused on "achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth."
Recommended Accounting Software
At Riordan Manufacturing Inc., the accounting software utilizes the basic components such as general ledger entries with accounts payable and accounts receivable, sales and purchasing with invoicing and purchasing, payroll, and financial reporting with EDI...