Riordan Manufacturing is a subsidiary of Riordan Industries. Based out of San Jose, California, Riordan Manufacturing maintains facilities in California, Georgia, Michigan and China. At these various facilities, they produce and distribute some of the worldâ€™s finest plastic parts. The companyâ€™s products run the gamut from plastic bottles to medical devices.
At Riordan, the mission is to be a leader in research and develop while exceeding industry standards like ISO9000. Riordan strives to maintain their position as an industry leader in creating solutions with polymer materials. Riordan also strives to build strong relationships with its clients and employees. It will leverage these ...view middle of the document...
There are many other application software and plug-in modules to access the data contained within the ERP/MRP business system. This middle-ware software provides the accountants with a user-friendly interface, either by a web-based graphical interface (GUI) or by some form of client/server program (Mohamed, 2007).
Advantages with this accounting system are the ability to access data remotely from the manufacturing plants and offices. With this data, various financial reports are generated as needed and provide documentation for federally submitted reports (IE 10K Securities Exchange Commission). Common reports necessary for a business are the Balance Sheet, Profit and Loss Statement and Cash-Flow Statements. Cash-Flow statements have two variations, one is a projected report used for enticing investors and an actual version, which can be used to show trending. The ERP/MRP system houses information necessary to complete these and other reports. Areas like (a) Customer Orders, (b) Raw material purchases, (c) Sales, (d) Asset evaluation, (e) Shipping, (f) Taxes, and (g) other areas depending on type of business.
Other features with the use of the middle-ware are additional reporting capabilities. Many vendors supply canned and customizable reports that are tailored to the needs of the business. Reports like Customers whom decreased their orders in the last month (MVI, 2006). Alternatively, when a customer receives their order, the system sends a survey to query key areas the company wishes to improve. Additional features in many software products include a dashboard that gives executives direct access to report generation engines within these systems. The main advantage in this is the access to real-time information. Choosing a Microsoft product also ensures the integration with existing Office Suite products. This minimizes training time since the user already knows how to work with these programs (Microsoft, 2009).
With todayâ€™s business environment, there is a greater need to reduce accounts payable and increase the amount of product in a timely manor. Two such business systems are the ERP and the MRP systems. ERP/MRP has the primary role of integrating the companyâ€™s processes and sub-processes and project scheduling of the product. In Riordan Manufacturing terms, MRP will schedule our customerâ€™s requests to maximize the companyâ€™s resources. (Bruton, ND) Its software, when implemented, administers forthcoming business campaigns that have reduced deliverable dates.
The current market demands a refined system that can be customizable for necessary reports, provide dashboards for ease of access and an increase of real-time information. By definition, this is usually referred to as bi, business intelligence. (Relevant, ND) Most ERP/MRP systems are ignorant of the underlying systems. This fact requires knowledgeable users to mitigate issues occurred during day to day operations.
Some benefits to utilizing ERP/MRP are...