Executive Summary Essay

666 Words Aug 28th, 2011 3 Pages
Riordan Manufacturing is a successful global plastic manufacturer. Riordan Industries, a Fortune 1000 enterprise owns Riordan Manufacturing. The company has expanded and currently has plants in Michigan, Georgia, and China. The research and development is currently housed at the corporate headquarters in San Jose California. The company employs 550 personnel worldwide. Riordan Manufacturing has reported earnings of $46 million.

Riordan Manufacturing makes products from plastic injection molding. The company produces and provides the following products: plastic bottles, fans of all sizes, heart valves, medical stents, and custom plastic parts. Presently, our plastic bottles and fans are in the maturity stage. They compete
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This is primarily due to each company using different software for operations, reports, and inventory. As a result of using different software, data is collected differently and reports do not mirror the output of the sister companies. Data is entered by personnel which increases the chance of error in data entry. It takes days to close books at the end of the month due to system output being different for each company. There is also no traceability from the time raw materials enter a company until the time the final product is shipped to the customer. Cognos will be able to generate reports on all inventory, financial reporting, and personnel within all of Riordan.

The management team is led by Chief Executive Officer Dr. Michael Riordan, Executive Assistant Jane McCall, Senior Vice President R&D Kenneth Collins, Chief Operating Officer Hugh McCauley, Director of Accounting & Finance Controller Donald Bryson, Vice President of International Operations Charles Williamson Cost Accountants from each plant, along with inventory managers from each plant .

We are seeking $55,236.18 which will enable us to integrate and bring to full functionality Solarsoft as well as buying printers, scanners, and training for all departments.

The cost saving on the success of this project will help to offset the decrease in economic growth due to the trade deficit, weak labor marker, and oil

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