Riordan Enterprise Risk Management Plan

Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. There is a plant in Albany, GA that produces plastic beverage containers, a plant in Pontiac, MI that produces custom plastic parts, and a plastic fan parts facility in Hangzhou, China. The corporate office is in San Jose, CA along with the corporations Research and Development Department. Riordan Manufacturing is a subsidiary of the parent company Riordan Industries, Inc. a Fortune 1000 enterprise with revenues in excess of $1 billion (Apollo Group, 2013).

Riordan Manufacturing is a global plastics manufacturer employing 550 people with projected annual earnings of $46 million. Riordan’s main customers range from automotive parts manufacturers to the Department of Defense. One of Riordan’s main productions is plastic beverage containers. Riordan’s most recent expansion took place in 2000 when the company relocated operations from Pontiac Michigan to China. The Pontiac Michigan facility was retooled for the manufacture of custom plastic parts

Riordan Manufacturing, a leading global manufacturer of plastic containers, parts, and fan parts, is wholly owned by Riordan Industries, Inc. Riordan’s fan manufacturing plant was purchased in 1992 when it was located in Michigan. In 2000, the company moved its fan manufacturing operation to China where it now resides.

Riordan Manufacturing is a global producer and manufacturer in the global plastics industries and has about 550 people that have a projected annual earning of over $46 million dollars. Riordan has a manufacturing plant located in Albany, GA that is capable of producing plastic beverage containers, another plant that is located in Pontiac MI that is capable of producing custom plastic parts, and another plant located in Hangzhou, China that produces plastic fan parts. The corporate offices and research and development department of Riordan are located in San Jose, California. Riordan Manufacturing is part of Riordan industries Inc.

• Review the intranet site for Riordan Manufacturing including Human Resources – Organizational Charts, Employee Files, etc., and Sales & Marketing –

Riordan Manufacturing currently has four plants of operations. These plants are in San Jose, California, Albany, Georgia, Pontiac, Michigan and Hungzhou, China. Currently the Operations department runs on independent Microsoft SQL servers running Microsoft Project, and Microsoft Office 2003. The Research and Development department recently received an upgrade to there outdated Computer Aided Drafting Software from aSa Solutions because the system on hand was inadequate to handle the needs of the Pyramid Bottle project.

During review of the Riordan Manufacturing Companies Inventory and manufacturing processes, we have found areas that are in need of improvement. We will discuss the present processes and how these can be changed to improve

Riordan Manufacturing is one of the global leaders in the field of plastic injection molding owned by Riordan Industries. The company employing 550 people with projected annual earnings of $46 million. The corporate headquarters and research and development are located in San Jose, CA. The various manufacturing plants are located in Albany, GA, Pontiac, MI and Hangzhou, China. The company customers include some of the top automotive manufactures, airplane manufactures. From the company financial

Riordan Manufacturing Company promotes adherence to the compliance plan as a key element in the evaluation of performance of all the officers of the business entity. Employees of Riordan Manufacturing are bound to comply, in all official acts and obligations, with all applicable laws, rules, and regulations, standards of conduct within but not limited to laws and directives of the Federal Government and rules and policies of the company (Heider, 2006). All people seeking employment shall undergo reasonable and vital investigation process. There will be application of due care during recruitment practices to ensure that the individuals seeking to serve within the company have the required level of qualifications. The due care would look into the criminal records, prior employment, and credentials to enable the individuals succeed in their new positions. All recruits will obtain effective and efficient orientation in compliance with policies and procedures.

Riordan owns 60% of a joint venture facility in Hangzhou, China, where plastic fan parts are produced. Riordan has a responsibility to provide safe working conditions, and ensure they limit their environmental impact. Riordan is also responsible for paying proper living wages to its Chinese employees. When operating in a foreign market there are social and cultural differences Riordan addresses. Bribes are considered acceptable in many cultures. Riordan follows the law however; American law

Riordan Manufacturing is a global plastics manufacturer and a leader in the field of plastic injection molding. This paper will provide a brief background history of the company, some identified core values, ratio analyses, a variance analyses on the companies financials, an analysis of the current accounting systems and recommendations on providing appropriate communicative and data gathering software for the future accounting systems.

Enterprise Risk Management (ERM) is process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effect of risk on an organizations capital and earnings.

Since intellectual property is intangible, it is more difficult to protect than other types of property. Due to its monetary implications, intellectual property is often used as a legal term to safeguard the rights of creators and inventors. It has also become

Locke's view on tangible property. Tangible property is anything which can be touched. It includes both real property and personal property, and stands in distinction to intangible property. However, some property, despite being physical in nature, is classified in many legal systems as intangible property rather than tangible property because the rights associated with the physical item are of far greater significance than the physical properties. For example, a promissory note is a piece of paper that can be touched, but the real significance is not the paper itself, but the legal rights which the paper confers. The promissory note is defined by the legal debt rather than the physical attributes.

Enterprise risk management (ERM) is a relatively new discipline that focuses on identifying, analyzing, monitoring, and controlling all major risk classes (e.g., credit, market, liquidity, operational risk classes). Operational risk management (ORM) is a subset of ERM that focuses on identifying, analyzing, monitoring, and controlling operational risk. The purpose of this paper is to explain what enterprise risk management is and how operational risk management fits into the ERM framework. In our conclusion, we discuss what is likely to happen in the ERM / ORM environment over the next 5 years. Introduction As