Premium Essay

Business Plan Manufacturing

In: Business and Management

Submitted By enhawaii
Words 6721
Pages 27
Business Plan Manufacture
[Type the document subtitle]

Table of contents
1 Executive Summary ................................................................................................................. 3 1.1 1.2 1.3 1.4 2 2.1 2.2 2.3 3 3.1 3.2 3.3 3.4 4 4.1 4.2 4.3 4.4 Company ........................................................................................................................... 3 Product .............................................................................................................................. 3 Market analysis ................................................................................................................. 3 Financial sources and use of funds ................................................................................... 4 Ownership ......................................................................................................................... 5 Company history ............................................................................................................... 5 Location and Industry ....................................................................................................... 5 Description ........................................................................................................................ 7 Features and benefits ........................................................................................................ 7 Competition ...................................................................................................................... 8 Development ..................................................................................................................... 8 Market size ........................................................................................................................ 9 Market survey…...

Similar Documents

Premium Essay

Riordan Manufacturing Corporate Compliance Plan

...Riordan Manufacturing Corporate Compliance Plan Riordan Manufacturing has three operating sites; Georgia, Michigan and California. Riordan Manufacturing was founded by Dr. Riordan. With a background in chemistry; Dr. Riordan acquired numerous patents pertaining to creating plastic goods. This paper will focus on a corporate plan for Riordan Manufacturing. Riordan Manufacturing Corporate Compliance Plan will include managing the legal liability of officers and directors of Riordan Manufacturing. Also The Corporate Compliance Plan will address the laws pertaining to Riordan Manufacturing, the rights Riordan Manufacturing employees have and how and who to turn to in case a lawsuit is brought against Riordan Manufacturing. In order for Riordan Manufacturing to be in compliance; Riordan Manufacturing must adhere to all laws set by the government. An Internal controls and corporate governance system will help Riordan Manufacturing executives make sure that all employees working for Riordan Manufacturing obey all government laws and industry practices when conducting company assigned duties. An Internal controls and a corporate governance system ensures that Riordan Manufacturing policies, procedures, and government laws are followed. An effective enterprise liability starts with Riordan Manufacturing take responsibility for wrong doings that happen within Riordan Manufacturing. In order to prevent any wrong doings Riordan Manufacturing must ensure all company......

Words: 904 - Pages: 4

Premium Essay

Production Plan for Riordan Manufacturing

...Production Plan for Riordan Manufacturing Falon McCoy, Jennifer Smith, and Maria Utting OPS/571 July 31, 2012 Robin Aoks Production Plan for Riordan Manufacturing Riordan Manufacturing is a global company that uses plastics injection moldings for the production of plastic fan parts, and plastic beverage containers. Headquartered in San Jose, California, Riordan factories also exist in Georgia, Michigan, and Hangzhou, China. The fortune 500 company has approximately 550 employees and projected $46 million in earnings. The company strives to be a leader in using polymer materials to satisfy customers’ needs. The company strives to achieve increase profitability and financial capital for future growth. The company’s goal is to implement a new process for the production of manufacturing electric fans outsourced in Hangzhou, China. Strategic Capacity Planning There is extensive research involved in the strategic capacity planning for the electric fans of Riordan Manufacturing. Strategic capacity planning is a function of planning to achieve an optimum level of output. Supply and demand will affect the optimal level of product and service flow. A product’s life cycle can be difficult to predict; therefore, planning is necessary to estimate future forecasting. A SWOT analysis can determine and identify strengths, weaknesses, opportunities, and threats that commands management’s attention (Adonai, 2003). Management must determine the capacity requirements. Other factors to...

Words: 678 - Pages: 3

Premium Essay

Marketing Plan for the Mobile Phone Manufacturing Business (Blackberry)

...MARKETING PLAN FOR THE MOBILE PHONE MANUFACTURING BUSINESS (BLACKBERRY) 1.0 EXECUTIVE SUMMARY This report provides an analysis and evaluation of the current and prospective profitability of BlackBerry, the strengths, weaknesses, opportunities and threats they have in the Trinidad and Tobago (T&T) market and how to overcome it. Bmobile, one of T&T’s mobile providers has been distributing BlackBerry for over 5 years and they have 6 main outlets but over 100 authorized partners throughout T&T. BlackBerry, T&T’s most popular Smartphone device has been chosen because of its traditional business appeal and product development in order to respond to the local pressures and sustain in a highly competitive business environment. Blackberry has been in the T&T market for 8 years and possess approximately 41% market share. Blackberry’s regional director Sean Killen recognised that they had a great customer base in the T&T market and couldn’t give customers what they needed and he said “loyal customers deserve the latest technology and hardware, the most modern and innovative navigation systems in a Smartphone. As such, in a bid to remain viable in the local mobile market, Bmobile carried out market research to determine the preference of consumers and their attitudes and perception of Blackberry. This brand of mobile phones is best known for its technological advancement and as a basis for investigation, PESTLE analysis, Porter’s competitive forces have......

Words: 7286 - Pages: 30

Premium Essay

Riordan Manufacturing Strategic Plan

...Riordan Manufacturing Strategic Plan Why is strategic management necessary? Strategic management, and business policies are essential for organizations to gain competitive advantage within their respective markets. Organizations like Riordan Manufacturing implement policies, and procedures to provide structure, and standardize operations in efforts to maintain proper control of production, inventory, and logistics. Developing a strategic plan focuses on the need for planning, roles of ethical and social responsibility, current competitive advantages, innovation, sustainability, internal dynamics, influence of business continuity, and assessment, and feedback. The following discussion details a strategic plan for Riordan Manufacturing. Topics include areas of environmental scanning, strategy formulation, strategy implementation, evaluation, and control. Riordan Manufacturing Effective Strategy Guidelines Riordan Manufacturing is focused on what really matters, the bottom-line performance and long-term healthy survival of its organization. Now that Riordan Manufacturing has implemented an effective competitive strategy it must evaluate and measure its performance. Measuring its performance is critical to the success of Riordan Manufacturing. By implementing an effective measurement guideline, it would help Riordan Manufacturing in tracking the progress against its goals and objectives; identify areas of improvement; and ultimately compare performance against both its......

Words: 2044 - Pages: 9

Free Essay

Riordan Manufacturing Management Change Plan

...Riordan Manufacturing Management Change Plan MGT 301 Section I: Change Management Plan Identify the current formal and informal power structures in the organization. How might the power and political structure of the organization affect employee behavior? The formal power structure in the organization consists of the top management staff run by the President & CEO, followed by the Executive Assistant, Senior VP-R&D, and the Chief Operating Officer. The informal power structures would be the employee work force and their ability to generate profits for the company. The power and political organizational structure might affect employee behavior on how strict the company is on its standards and regulations. When the employee is supervised and reviewed on the performance then the employee might feel the responsibility to keep up and do a good work in order to keep the job and generate good reviews. According to Robbins and Judge (2013) organizational structure is defined as how a job tasks which is formally divided, grouped and coordinated.  There are six key elements; work specialization, departmentalization, chain of command, span of control, centralization, decentralization, and formalization. Riordan Manufacturing operation is based on the effective bureaucratic structure this standardized processes effective in the ability for all 500 employees to be synchronized at the same level regardless of the hierarchy. The manufacturing plants are divided in three different......

Words: 1549 - Pages: 7

Premium Essay

Corporate Compliance Plan: Riordan Manufacturing

...Corporate Compliance Plan: Riordan Manufacturing Law/531 Charles Cook February 21, 2011 Corporate Compliance Plan: Riordan Manufacturing Riordan Manufacturing Inc.(RM Inc.), established in 1991 by Dr. Riordan, developed quickly as a leader within Research and Development (R&D) and sales of plastic products. Clients, such as the Department of Defense, automotive segment manufacturers, multi-commerce transportation, and packaging plants. RM Inc. is competitive in multiple countries within the plastic mold industries. This positing within foreign customers leads the way for RM Inc. to expand across the boarders and develop further on many levels. To remain a respected leader within the multiple industries a strong corporate compliance plan is necessary. Prevention and management guidelines To ensure Riordan Manufacturing remains both ethical and on the right side of the law, preventative measures taken by all employees of RM, Inc. shall keep everyone accountable. Additionally, compliance with both federal and state regulations and foreign standards are imperative to follow. The focus of the compliance plan will demonstrate the commitment to compliance, along with laying down the required standards and the practices exceeding legal obligations. The company will adopt a proactive role in compliance issues to protect Riordan's interests, employees, environment, and the stakeholders. A compliance culture is likely to result in a higher level of compliance......

Words: 2239 - Pages: 9

Premium Essay

Riordan Manufacturing Business Systems

...Riordan Manufacturing Business Systems Adam Estes Dhara Trivedi Joy Jeffries Shawn Parent Sonya De La Paz July 11, 2011 Introduction Riordan Manufacturing, Inc. is a company that specializes in plastic injection modeling. Their products range from plastic bottles all the way to plastic medical supplies, like heart valves and stents. They are completely owned by Riordan Industries. They began as an R&D (research and development) company called Riordan Plastics, Inc. in 1991, but developed into a manufacturing company when the founder, Dr. Riordan, purchased a fan manufacturing plant located in Missouri in 1992. The name was then changed to Riordan Manufacturing, Inc. After producing quality fans for a year, he expanded the product lineup to include plastic beverage containers after investing in another plant located in Georgia. In 2000, the company expanded to China, where fans were going to be produced from there on out. The plant in Missouri became the place of custom plastic parts production. Their mission statement is a combination of their focus, customer relationships, employees, and what they expect to achieve in the future. Well thought out, they are concerned with maintaining good customer relations by providing clients with top quality products and being the solution, not the problem. In order to give their clients the best in customer service, they have to make sure that their employees are well informed and trained to the standards that the......

Words: 3315 - Pages: 14

Free Essay

Business Plan

...Company Fa Fa Furniture. 2.2. Nature of Company We form our business as a “partnership” business. The types of our business are Manufacturing Furniture’s, Wholesaler. We produce wooden furnitures. 2.3. Industry profiles The main idea for developing this business is due to the rapid development in the construction industry. This would give an opportunity for our company to provide furniture to the houses after the construction project finish. 2.4. Location of Business Fa Fa Furniture is located at No 4E, Oya Road, 96000, Sibu, Sarawak. We chose this location because it is strategic location that many construction projects are running around this area. Other than that this location may became busy residence area. 2.5. Date of Commencement Our company will commence operations on 1st January 2013. 2.6. Factors in selecting the proposed venture We chose this business because there is a high demand in the housing industry. We believe that we can compete with other competitors around Sarawak. We also believe that our company will became a source of reference for entrepreneurs in the same field. 2.7. Future prospects of the business Our future plans for this business is open more branches in Sarawak. Besides that, we also hope that we can get full support from government and non-government associations. 2. Purpose of Preparing the Business Plan This business plan is prepared by Fa Fa Furniture for the purpose of obtaining......

Words: 5413 - Pages: 22

Premium Essay

Riordan Manufacturing Business Proposal

...Riordan Manufacturing Business Proposal CIS 207/Information Systems and Fundamentals Executive Summary Riordan Mfg. is a successful industry leader in the field of plastic injection molding and many other products. As with any successful company, your company is growing. With growth comes growing pains. In this proposal you will find a lot of detail that our team has provided to you about these key items. Let me start with the requirements for the system. Business requirements * Changing system needs from manual tracking to the digital tracking system our team has provided. * Digital tracking incorporated into your shipping department, receiving, and manufacturing. * Full system communications upgrade to include mobile and internet marketing sales. The system upgrade that we are proposing will increase productivity at an exponential rate. Being able to track your productivity digitally at your work or at home will give your company a distinct advantage of real-time marketing strategies and reports. This is important information you need to make those last minute informed decisions without fear of making the mistakes based on erroneous information. Internet and Mobile Access * Suggestions (CMS) Content Management System * Online ordering * E-Commerce Executive Summary With this system you will be able to communicate with a great deal more people and be able to push your products online which will boost your sales. With online......

Words: 3771 - Pages: 16

Premium Essay

Riordan Manufacturing Strategic Plan

...Riordan Manufacturing Strategic Plan MGT/498 Riordan Manufacturing Strategic Plan Strategic managers have responsibility to both the employees and stakeholders of the organization. Engaging in strategic management decisions should include ethics and social responsibilities. The expectation of such responsibilities from stakeholders is to fulfill legal and ethical economic decisions. Satisfying the purpose of the strategic planning process for Riordan Manufacturing, the management team has taken into consideration the economic, legal, ethical and discretionary responsibilities. According to Wheelen and Hunger (2010), the ethical and discretionary responsibilities are also known as social responsibilities. Ethical responsibilities require decision-makers to follow expected behaviors of society and the community. Riordan may take substantial risk by upsetting customers by failing to meet existing ethical values. Understanding the existing ethical values and standards of Riordan, the management team will assist senior leaders in planning and committing to social responsibilities. Why a Strategic Plan? A strategic management plan will focus Riordan’s objectives, goals, and efforts on long-term performance and sustainability. Managing short-term goals and successes is relatively uncomplicated and easily attainable, yet longevity is much more difficult to accomplish. Strategic management lays the framework for lasting success. Corporations can no longer......

Words: 2653 - Pages: 11

Premium Essay

Acme Manufacturing Network Plan

...Acme Manufacturing Network Plan Ann Johnson IT/242 October 23, 2011 David Edwards Acme Manufacturing Network Plan Acme Manufacturing needs a new network plan implemented for corporate, three distribution centers in Chicago, Phoenix, and New York, and is expecting to expand with a new facility in China. A successful network design provides future growth within the organization. Meetings are scheduled weekly in the main Atlanta Headquarters conference room with the facilities from Phoenix, New York, Chicago, and China attending via telecommunications. The network plan will include the type of cabling needed for each facility, the equipment used to connect the different facilities, and the installation of Voice over IP (VoIP) and Virtual Local Area Networks (VLANs). Security measures are needed including firewalls and a backup plan. The lines required to carry the traffic on the network are leased T1 lines and a satellite connected overseas. T1 leased lines are used for the Atlanta, Phoenix, New York, and Chicago offices. China connects through a satellite service. A Virtual Private Network (VPN) connects wireless users to their designated department through mobile devices. Routers are used to direct communication between LANs and are needed at each department. Voice over IP (VoIP) has opened possibilities for more interactive communication across WAN networks. VoIP bypasses the need of conventional telephone hardware by transmitting voice over the existing data......

Words: 1193 - Pages: 5

Premium Essay

Plastic Manufacturing Business Plan

...Analysis 2.1 Industry Size Growth Rate and Sales Projections 2.2 Industry Structure 2.3 Nature of Participants 2.4 Key Success Factors 2.5 Industry Trends 2.6 Long Term Prospective 3.0 Market Analysis 3.1 Market Segmentation 3.2 Buyer Behavior 3.3 Total Market Demand 3.4 Competitors Analysis 3.5 Market Share 3.6 Sales Forecasting 4.0Marketing Plan 4.1Overall Marketing Strategy 4.2Product Price Place Promotion 4.3Marketing Expense 5.0 Production Plan 5.1 General Approach to Production 5.2 Fixed Asset Requirement 5.3 Life of Fixed Assets 5.4 Planned Capacity and Future Capacity 5.5 Factory Location and Layout 5.6 Raw Material Requirement and cost 5.7 Labor Requirement and Cost 5.8 Labor Motivation 5.9 Indirect Factory Overhead 5.10 Per Unit Cost of Production 6.0 Product Design and Development Plan 6.1 Development Stats and Tasks 6.2Challenges and Risks 6.3 Intellectual Property 7.0 Management Team and Company Structure 7.1Management Team 7.2Company Structure 7.3Preoperatibng Activities and Cost 7.4 Fixed Asset Requirement 7.5Administrative Office 8.0 Financial Plan and Projections 8.1 Assumptions Sheet 8.2 Sources and Uses of Funds Statement 8.2.1.0Total Capital Requirement 8.2.1.1Fixed Capital 8.2.1.2Working Capital 8.2.1.3Preoperating Expenses 8.2.1.4 Others 8.2.2 Capital Structure 8.3Loan Repayment Schedule 8.4Selling Price 8.5Income Statement 8.6Cash Flow Statement 8.7 Balance Sheet 8.8Return on......

Words: 7111 - Pages: 29

Free Essay

Business Plan on Diversified Jute Manufacturing Plant

...Jutex Bangladesh LETTER OF TRANSMITTAL 13 January, 2016 Dr. A.K.M Saiful Majid Professor Institute of Business Administration, University of Dhaka Sir, Enclosed is a business plan on “Jute Diversifying Product Manufacturing plant” that we prepared as the take home final business assignment for the Entrepreneurship course. we decided to conduct the plan on ‘Jute Diversifying Product Manufacturing plant’ keeping in mind the importance of market potential in Bangladesh. You approved our topic on January 10, 2016. The date of submission was set on January 13, 2016. This plan was conducted with proper authorization. The authenticity of the sources used in the report can be guaranteed. We are grateful to you for your overall cooperation throughout. We tried our best to live up to your expectation and hope that the business plan fulfills all the requirements. Sincerely yours, Nabid Hassan Kafi_______________________ Ahmed Muntasir Mahin___________________ Md. Al – Amin___________________________ i Jutex Bangladesh ACKNOWLEDGEMENT We take the privilege to extend our acknowledgement and heartfelt gratitude to our respected course instructor, Professor Dr. A.K.M Saiful Majid, who encouraged us to undertake this difficult endeavor and who has helped us all the way to the successful completion of this report with his able guidance, support and counseling. We have tried to incorporate his constructive suggestions and knowledgeable opinions in......

Words: 6064 - Pages: 25

Free Essay

Riordan Manufacturing - Outsourcing Plan

...Riordan Manufacturing - Outsourcing Plan Riordan Manufacturing, Inc. leads the industry in plastic injection molding. Riordan has six manufacturing locations in the United States, and one location in China. Riordan creates innovative plastic designs using state-of-the-art technologies that have earned them international acclaim. The various business entities of Riordan Manufacturing are using different Financial and Accounting applications and their incompatibility is causing many issues in the day to day operations of the company. In order to improve the productivity and efficiency of the business entities, Riordan management is considering outsourcing the Financial and Accounting Application for all the business entities. Outsourcing this application can provide specialized support, can increase the speed for a quick turnaround, and can reduce costs for maximized profits. This document provides the business context, implementation plan, performance measures and review of the costs and benefits of the proposed solution. Business Context Riordan Manufacturing has three operating entities, and a joint venture with their own Finance & Accounting Systems. These F&A systems are not compatible with each other, and they are from different vendors, and on different hardware and software platforms. Consolidated financial reports are generated monthly at the corporate office based on the input received from the business entities. Due to compatibility issues, Riordan is......

Words: 2851 - Pages: 12

Premium Essay

Riordan Manufacturing Enterprise Resource Plan

...Riordan Manufacturing Enterprise Resource Plan BSA 400 June 18, 2012 John Shrewsbury Riordan Manufacturing Enterprise Resource Plan Riordan products are manufactured to the highest quality standard that have satisfied customers since 1991, and was founded by a chemist name Dr Riordan. Currently Riordan Manufactures headquarters are located in San Jose, California with three plants that are located in Albany, Ga., Pontiac, MI., and Hangzhouz, China. Each plant is responsible for different production lines. The R & D department which is located at headquarters is responsible for the research of medical equipment. Albany, Ga. Plant is responsible for the production of plastic bottles. Pontiac, MI. is responsible for the production of custom plastic fabrication. Hangzhouz, China is responsible for the production of electric fans. With each plant having a different inventory and a different production line, Hugh McCauley, COO, and Mark Neitzel, VP Operations submitted a service request for an Enterprise Resource Plan so that all information that is generated throughout the different locations integrated into one computer system. With this service request, it would allow visibility of all raw materials, and finished product inventory. Statement of Scope and Goals Project Overview Riordan Manufacturing desires a new ERP (enterprise resource planning) system to replace the existing computer systems. The COO, Hugh McCauley, and by the VP of Operations, Mark Neitzel......

Words: 4225 - Pages: 17