Measuring the process of a company’s daily performance is an efficient way to check whether an organization is progressing or whether its ideas have worn out their welcome. Helping determine the efficacy of a number of processes within an organization, starting from the production process to the process of information sharing, the given system of performance measurement is doubtlessly significant. Applying the given evaluation system to the Riordan Manufacturing, one will be able to specify the issues within the organization, as well as define efficient means to settle these conflicts. Since the Riordan Manufacturing utilizes the means of organization performance measurement that allow to evaluate the efficiency of various departments from several aspects, including economical, financial and technological one, the company manages to keep in pace with the latest theories of leadership management.
Considering the company closer, one will notice that it has a number of process performance indicators, starting from the various process classification models, such as Value Chain Group’s Value Reference Model, to the processes that are associated with data objects. However, technically, there are four basic processes that serve as the major performance indicators in Riordan. As the company data shows, Riordan conducts a very thorough supervision of the project, which presupposes that such events as kickoff meetings, reports circulating for comments and corrections or “archived in process assets library” are utilized in the course of the project implementation.
Thus, a flawless flow of the process is guaranteed. The second process that helps define the quality of the company’s performance is the creation and maintenance of the data gathering instruments. There is no secret that Riordan, like any other company, needs updated and detailed information concerning both the state of affairs within the company and the information on the market within which the company operates (i.e., the plastic products market, which Riordan has chosen to operate in). Consequently, the third process that defines the quality of the Riordan Company’s performance is data gathering and distribution, while the fourth process is the process of documenting the results acquired from every single step accomplished (Riordan Manufacturing: Process for post project reviews, 2000).
Despite a few issues concerning the company’s expansion plans, it still must be admitted that the Riordan Manufacturing is doing incredibly good in the realm of still competition in the plastics production. Due to the application of a unique strategy, Riordan manages to retain its top position by encompassing the key processes going on in the company and focusing on what is important at the moment.
Reference List
Riordan Manufacturing: Process for post project reviews (2000). Web.