Gap Analysis: Riordan Manufacturing

Gap Analysis: Riordan Manufacturing Riordan Manufacturing is a Fortune 1000 company and global plastic manufacturer that manufactures custom plastic parts for customers in the automotive industry, aircraft manufacturers, defense, bottler and beverage makers, and manufacturers of electrical appliances. However, due to recent sales declines and unbalanced benefits, Riordan forces some strategic change in the manufacture and sale of its products, and management is trying to cope with employee incentives (Phoenix University, 2007).

Riordan Manufacturing Incorporation was reborn as a result of Riordan Plastics founded in 1991 by Dr. Riordan under the research and development of commercial applications in polymer processing. Riordan Manufacturing is fully owned by Riordan Industries. Riordan Industries has earned over $ 1 billion in revenue and entered the Fortune 1000 enterprise market. The transformation in 1992 was accomplished by venture capital acquired by Dr. Riordan. Riordan was originally a manufacturer of plastic fan parts for the automotive industry. In 1993, the company acquired a beverage container manufacturing facility located in Albany, Georgia, and expanded to the industry. In 2000, the company began a joint venture in China, then transferred the entire wind turbine manufacturing industry from Michigan State to China.

Riordan Manufacturing is the world's leading manufacturer of plastic containers, parts and fan parts from Riordan Industries, Inc. A fully owned Raiordan wind turbine manufacturing plant was purchased in Michigan State in 1992. In 2000, the company moved the wind turbine manufacturing business to China. Riordan will use the average 3-year sales history to arrange the manufacture of fan parts based on projected production requirements. Riordan's inventory-based production system allows customers who fill orders from inventory to receive products quickly. Riordan has a strong transportation department, including reliable transportation solutions from Chinese factories to customers all over the world. Electric fan factory of Riordan Manufacturing constantly analyzes strategy. Process, performance indicators, relationships with suppliers, supply chain efficiency, lean production principles, and sales forecasts are important to Riordan's success.

The solution to the problem: Riordan Manufacturing Riordan Manufacturing is a global plastic manufacturing company with 550 employees with an estimated annual turnover of $ 46 million. The company is fully owned by Riordan Industries, a Fortune 1000 company with over $ 10 billion in revenue. Production is divided into three factories: plastic beverage container in Albany, Georgia, custom plastic parts in Pontiac, Michigan, plastic fan accessories in China Hangzhou. R & D in the company