Running head: PRODUCTION PLAN FOR RIORDAN MANUFACTURING
Production Plan for Riordan Manufacturing
Introduction
”We must be focused in achieving and maintaining reasonable profitability to assure that the financial and human capital is available for sustained growth” (University of Phoenix, 2004, p. 2). Riordan’s existence is dependent upon its ability to maintain and manage its very own growth and capital. Over the past years Riordan’s developments has increased its capabilities to not only cater to its consumers but yet concentrate on strategies in providing detailed, accurate and enthusiastic quality control. Although these hallmarks are the streamlines to which have transformed Riordan into the industries leader, it has challenged its competitors to expand on alternatives in reaching their very own potential.
Meanwhile Riordan’s production of plastic molding has taken a rise in profits constituting the organization in profiting earnings of $46 million annually. This production demand has grown from one of constructing plastic beverage containers in Albany, Georgia, to custom plastic parts in Pontiac, Michigan, to its development of plastic fan parts coming out of Hangzhou, China. Within each facility there remains the very essence in which the organization was founded upon however like with time, the demands and desires change due to the uncontrollable disputes of the world and the organization. After close observation, a number of bottlenecks have been identified specifically within the plant in China that are in need of attention. These bottlenecks suggest that there are lacks within the areas pertaining to the facilities supply chain, inventory and shipping processes. However to address these concerns, a more effective approach in strategic capacity planning and lean production is needed to incorporate a enhanced process design and supply chain system for the organization. Conversely, the reaping benefits behind the...