OPS/571 Learning Team Assignment Production Plan for Riordan Manufacturing Running head: PRODUCTION PLAN FOR RIORDAN MANUFACTURING Production Plan for Riordan Manufacturing YOUR NAME(S) OPS/571 DATE NAME OF PROFESSOR Production Plan for Riordan Manufacturing “Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection molding” (University of Phoenix, 2009). Riordan is regarded as revolutionary as well as is seen to have state-of-the art design abilities. Riordan performs internationally and has places throughout the world which include facilities in California, Georgia, Michigan, and China. A large number of facilities have profits more than $1 billion dollars. The organization manufactures plastic bottles, fans, heart valves, medical stents, along with other customized plastic components. Particularly, Riordan makes customized plastic components in… Approaches in Developing an Effective Supply Chain Strategy Cr

1. ops 571 Learning Team Assignment Production Plan for Riordan Manufacturing
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OPS/571 Learning Team Assignment Production Plan for Riordan Manufacturing

2. Running head: PRODUCTION PLAN FOR RIORDAN MANUFACTURING
Production Plan for Riordan Manufacturing
YOUR NAME(S)
OPS/571
DATE
NAME OF PROFESSOR
Production Plan for Riordan Manufacturing
“Riordan Manufacturing, Inc. is an industry leader in the field of plastic injection
molding” (University of Phoenix, 2009). Riordan is regarded as revolutionary as
well as is seen to have state-of-the art design abilities. Riordan performs

3. internationally and has places throughout the world which include facilities in
California, Georgia, Michigan, and China. A large number of facilities have profits
more than $1 billion dollars. The organization manufactures plastic bottles, fans,
heart valves, medical stents, along with other customized plastic components.
Particularly, Riordan makes customized plastic components in…
Approaches in Developing an Effective Supply Chain Strategy
Creating an efficient supply chain strategy is an important element of any company
and must be included into a total systems approach (Chase, Jacobs, &
Aquilano, 2006). Organizations which can efficiently manage stocks, both raw
materials as well as finished products, will get a competitive advantage and
decrease inventory liabilities and dangers. Administrators must cautiously think
about and figure out how stocks must be managed. To carry out this it “takes a
clear understanding of the products strategic positioning, stage of product lifecycle,
demand variations and supply disruptions risks” (Inventory, 2009, p. 1).
…
Strategic Capacity Planning – Resources and Consolidation
Riordan presently has 3 facilities that have difficulty with supply. The Albany facility
has issues with deliveries to Northern regions of the United States of America as

4. well as utilizes a release system for ordering. The Pontiac facility has a reduced
storage space for the purpose of raw materials in order to be capable of making the
custom components which are made to order. The Hangzhou facility makes the
custom components for what is produced as well as is dependent on a predicted
estimation of customer orders and does not appear to have any problems with
shipping throughout the world.
…
The Overall Objectives of Strategic Capacity Planning
The goal of strategic capacity planning is described as offering a method for
deciding the overall capability level of capital-intensive sources (Chase, et al.,
2006). Capacity performs a significant part in a firm’s competitive strategy.
More or less all sources, which include facilities, equipment, as well as work force,
impact strategic capacity planning. With so numerous variables, strategic capacity
planning is extremely flexible in fitting a companies’ particular requirement. A badly
fit strategic capacity plan can lead to all kinds of difficulties for a firm. For example,
in case a firm was located in a big industrial storage place with a lot of space and
manufactured a normal, however time sensitive item (for example oilfield specific
fasteners) in that case that organization could maximize profits and customer
service by buying raw materials in large quantities and making a large stock of item
that would then be obtainable to a client on a second’s notice. This specific
plan would not be efficient in the event there was insufficient space, or in case
manufacturing could be planned significantly ahead of time. Overall, strategic
capacity planning is utilized in the supply chain to fulfill the need for latest
opportunities at a minimum cost (Chauhan, Nagi, & Proth, 2004).
…

5. Lean Production – Minimal Inventories and JIT Processing
As per Chase, Jacobs, and Aquilano, (2006), lean production ıs definitely an
integrated group of actions developed in order to accomplish high-level production
utilizing minimum stocks of raw materials, work-in-process, as well as completed
items. Components arrive at the subsequent workstation “just in time” and are
finished and move through the process rapidly. Lean is dependent on the
reasoning that nothing will be manufactured until required. Manufacturing
requirement is created by real requirement for the product or service. When a
product is sold, in theory, the market brings a substitute from the previous position
in the system, in this instance final assembly. Make it possible for this pull process
to work efficiently, lean manufacturing requires high levels of quality at every phase
of the process, strong supplier relations, as well as a quite expected requirement
for the end product.
…
Improvement of Inventory Process and Forecasting
In order to forecast requirement, predicting is an essential part of organizational
planning. Managers require predictions which will let them to forecast upcoming
events efficiently as well as on time. Riordan depends on its own information
regarding past sales tendency, promotion plans, and some other elements to
compute a demand forecast. The markets for plastic bottles, fans, and custom

6. plastic components are influenced by altering economic situations. Consequently,
the influence of the economy on Riordan Manufacturing’s main clients as well as
markets should be examined to figure out how the future course of the economy
will influence Riordan Manufacturing system (University of Phoenix, 2004).
…
To conclude, to guarantee a long-term competitive advantage, Riordan
Manufacturing must upgrade their supply chain design by combining their Michigan
and China factories in order totake full advantage of China’s easy accessibility to
raw materials and reduced shipping expenses that will add long-term value to
Riordan by decreasing their expense of goods. Additionally, Riordan must execute
a more efficient forecasting system, and also use the principles of lean production
through the elimination of waste as well as streamlining their inventory process in
order tosave time, get rid of duplication of work, as well as let real time access to
stock information.
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