Executive Summary for Riordan Manufacturing

Essay by mike2680 September 2007

download word file, 10 pages 5.0

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 employee.

Peoplesoft software will minimize any disruption in overall business activity and will eliminate lack in compatibility between the systems at the various company locations.

Riordan will get 10% annual return on initial 5% investment.

Enhanced software security.

The new system will also allow all plants to know what is on hand at each plant.

Riordan will be in a position to expedite unexpected orders to their customers immediately if the materials are readily available at the plants.

Riordan will also be able to effectively forecast intended sales and provide more of their customers with one time delivery and quality products.

Riordan will be able to save money with cost effective inventory programs.

Riordan Manufacturing will be perceived by past, present and future customers andclients as a healthy and trustworthy organization.

Stakeholders will be able to view inventory progress.

Stakeholders will benefit by a good return on their investment.

Stakeholders will profit by an employee retention increase.

Riordan ManufacturingRiordan Manufacturing is an international plastics producer employing 550 people with anticipated annual earnings of $46 million. The company is entirely owned by Riordan Industries, a Fortune 1000 enterprise with revenues in excess of $1 billion. Production is divided amongst three plants: plastic beverage containers in Albany, Georgia; custom plastic parts in Pontiac, Michigan; and plastic fan parts in Hangzhou, China. Research and Development is conducted at corporate headquarters in San Jose, California. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of...