Riordan Manufacturing: Time-Efficiency and Capacity Planning Descriptive Essay

Exclusively available on Available only on IvyPanda®
This academic paper example has been carefully picked, checked and refined by our editorial team.
You are free to use it for the following purposes:
  • To find inspiration for your paper and overcome writer’s block
  • As a source of information (ensure proper referencing)
  • As a template for you assignment

The performance of Riordan Manufacturing greatly depends on its ability to plan the capacity of production and effectiveness of its supply chain. Its facilities are located in San Jose, Albrany Georgia, and Hangzhou; moreover, this organization has to cooperate with a variety of venders. The Chinese division of the company produces electric fans that can be purchased by clients from different countries.

In order to achieve growth and reduce operational costs, the management of the company should rely on the principles of lean production, in particular the need to decrease the level of inventory and optimize the process of manufacturing. Moreover, Riordan Manufacturing should focus on the time-efficiency of its operations and effective capacity planning. By acting in this way, they can improve their performance.

First of all, the company can estimate the demand for its product and plan its capacity on the basis of sales data collected within the span of several years. Moreover, this organization can obtain information from customers regarding their annual need for fans manufactured by Riordan. Nevertheless, the company also has to determine its demand for materials.

Their major task is to keep the levels of inventory low while avoiding undersupply of stocks. This issue is particularly important because Riordan has to meet the timelines set by customers. It should be noted that Riordan requires various materials, but plastic polymers are probably the most important ones. One of the strategies that Riordan can adopt is VMI or Vendor Managed Inventory.

This model implies that the supplier takes full responsibility for the timely delivery of plastic polymers. This approach can be successful, in those cases when manufacturers implement information systems that provide the suppliers with the information about the quantity of materials that they should deliver.

If this strategy is successfully adopted, Riordan decrease the amount of materials stored at their facilities and avoid delays. However, low levels of inventory are only one aspect that they should focus on.

Secondly, lean production implies that the company can reduce the amount of time to manufacture and delivery the products to the customer. It should be noted that Riordan cooperates with a global courier FedEx and a local Chinese company. They deliver the fans manufactured by Riordan Manufacturing to clients.

The task of the company is to monitor the performance of these delivery companies, especially their ability to adhere to the schedules set by the clients of Riordan. This is another precaution that they should take. In this way, the management of Riordan Manufacturing can gain the loyalty of their customers who rely on the efficiency of the company.

Additionally, the managers of Riordan should look at the steps that are necessary to manufacture a fan. People, who design the process of production, should reduce the movement of workers and equipment across manufacturing facility.

The elimination of unnecessary procedures is another element of effective production, because it enables company to cut operational costs and improve time-efficiency. This is another step that should be taken.

So, Riordan Manufacturing should focus on the following aspects as inventory management, effective work of supply chain, and production processes. These elements are critical for reducing the cost of manufacturing and time-efficiency of the company. The strategies described in the paper will help Riordan Manufacturing become more effective in terms of their organizational performance.

More related papers Related Essay Examples
Cite This paper
You're welcome to use this sample in your assignment. Be sure to cite it correctly

Reference

IvyPanda. (2019, June 2). Riordan Manufacturing: Time-Efficiency and Capacity Planning. https://ivypanda.com/essays/riordan-manufacturing/

Work Cited

"Riordan Manufacturing: Time-Efficiency and Capacity Planning." IvyPanda, 2 June 2019, ivypanda.com/essays/riordan-manufacturing/.

References

IvyPanda. (2019) 'Riordan Manufacturing: Time-Efficiency and Capacity Planning'. 2 June.

References

IvyPanda. 2019. "Riordan Manufacturing: Time-Efficiency and Capacity Planning." June 2, 2019. https://ivypanda.com/essays/riordan-manufacturing/.

1. IvyPanda. "Riordan Manufacturing: Time-Efficiency and Capacity Planning." June 2, 2019. https://ivypanda.com/essays/riordan-manufacturing/.


Bibliography


IvyPanda. "Riordan Manufacturing: Time-Efficiency and Capacity Planning." June 2, 2019. https://ivypanda.com/essays/riordan-manufacturing/.

If, for any reason, you believe that this content should not be published on our website, please request its removal.
Updated:
Privacy Settings

IvyPanda uses cookies and similar technologies to enhance your experience, enabling functionalities such as:

  • Basic site functions
  • Ensuring secure, safe transactions
  • Secure account login
  • Remembering account, browser, and regional preferences
  • Remembering privacy and security settings
  • Analyzing site traffic and usage
  • Personalized search, content, and recommendations
  • Displaying relevant, targeted ads on and off IvyPanda

Please refer to IvyPanda's Cookies Policy and Privacy Policy for detailed information.

Required Cookies & Technologies
Always active

Certain technologies we use are essential for critical functions such as security and site integrity, account authentication, security and privacy preferences, internal site usage and maintenance data, and ensuring the site operates correctly for browsing and transactions.

Site Customization

Cookies and similar technologies are used to enhance your experience by:

  • Remembering general and regional preferences
  • Personalizing content, search, recommendations, and offers

Some functions, such as personalized recommendations, account preferences, or localization, may not work correctly without these technologies. For more details, please refer to IvyPanda's Cookies Policy.

Personalized Advertising

To enable personalized advertising (such as interest-based ads), we may share your data with our marketing and advertising partners using cookies and other technologies. These partners may have their own information collected about you. Turning off the personalized advertising setting won't stop you from seeing IvyPanda ads, but it may make the ads you see less relevant or more repetitive.

Personalized advertising may be considered a "sale" or "sharing" of the information under California and other state privacy laws, and you may have the right to opt out. Turning off personalized advertising allows you to exercise your right to opt out. Learn more in IvyPanda's Cookies Policy and Privacy Policy.

1 / 1